SPACs continue to grow in popularity and significance in the US. Despite COVID-19, US capital markets remain active for SPAC IPOs. Many emerging companies are receiving indications of interest from SPACs seeking acquisition candidates. Our session focuses on helping management teams and boards understand the considerations that should be taken into account in connection with going public through a SPAC merger, the SPAC merger process from the target's perspective, and challenges for former SPACs (post-merger) with respect to accounting, SEC reporting, and liquidity opportunities for stockholders.

Eddie Best and Anna Pinedo will be joined by Ran Hai of Herzog, Fox & Neeman, where they will cover:

  • The SPAC market in the US
  • Negotiating a merger with a SPAC-timing, process, and considerations
  • Accelerating the path to US public company status and necessary preparations
  • Pros & cons of the SPAC route versus a traditional IPO
  • SEC disclosure, financial statement and pro forma financial statement requirements
  • Undertaking a PIPE or other financing concurrent with the SPAC merger
  • The application of Rule 144 and other SEC concerns post-merger

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