Special purpose acquisition companies (SPACS) have exploded as an increasingly popular way for private companies to go public. There were more SPAC IPOs in 2020 than traditional IPOs. The market for SPAC IPOs and so-called “de-SPAC” transactions, by which private companies become public companies by combining with a SPAC, is as hot as ever. Many leading investors and business people are participating in some way in the SPAC boom.
CDF assembled a panel who have recently teamed up on the successful de-SPAC transaction for Billtrust. Cooley partner Matthew Browne participated on the panel where they discussed many SPAC-related topics, mostly involving SPAC path to public for private companies.
- Advantages and disadvantages of a de-SPAC transaction versus a traditional IPO
- The structure and economics of de-SPAC transactions
- Timing and cost considerations for de-SPAC transactions
- What should a private company look for in a SPAC
- Lessons learned from the Billtrust transaction
For more information, please email Sean Hayes.