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 businesspeople (not to mention a number of celebrities and athletes), are participating in some way in the SPAC boom.
On March 4th, Cooley partner Matthew Browne participated in a panel where they discussed many SPAC-related topics, mostly involving SPAC path to public for private companies.