Why More SPACs Could Lead to More Litigation (and How to Prepare)
Market turmoil due to COVID-19 has halted many IPO plans, but IPOs by SPACs (special acquisition companies) are actually picking up in pace. Indeed, according to my sources at the Nasdaq, 40% of proceeds raised in IPOs to date this year have been from SPACs. And, as night follows day, more SPAC IPOs will lead to more SPAC litigation.
https://woodruffsawyer.com/do-notebook/more-spacs-more-litigation/
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