Special Purpose Acquisition Corporations: Making Them Work for Their Merger Partners

Without a doubt, the trendiest transactions on Wall Street during 2020 were the formation of special purpose acquisition corporations (SPACs) and the follow-on mergers that enabled private companies to achieve public company status without the rigors and risks of traditional IPOs or the shadiness often associated with reverse shell mergers. This white paper provides guidance into what companies should consider when trying to decide about using a SPAC as a vehicle to achieve public company status, including the complexities, costs and risks.