SPACs (Special Purpose Acquisition Companies): Risks and Enforcement Trends

A year of firsts, 2020 has seen one more: Special Purpose Acquisition Companies, or “SPACs,” have broken records to account for over half of the year’s IPO volume. In this 60-minute webinar, Willkie partners William Gump and William Stellmach, and Willkie associate Kristin Bender, explain what SPACs are and how they work, their meteoric rise in the IPO and M&A markets, and the enforcement and litigation risks they pose. Drawing on a spate of recent commentary by the SEC, the presenters will discuss the regulatory implications of features inherent to SPACs: risk disclosures, expedited timelines, and sponsor economics and incentives. The presenters will also explore strategic risk mitigation in the SPAC space in light of prior enforcement actions and private disputes, as well as the evolving regulatory landscape of a new Administration.

Speakers:  William Gump, William Stellmach, Kristin Bender

Download the presentation materials here.

This non-transitional course is approved for CLE credit in:

New York - 1 Professional Practice credit

California - 1 Participatory General credit

Texas - 1 Accredited General credit

For CLE credit in these jurisdictions, please complete this form and submit it here.  For credit in other jurisdictions, contact us.

 

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