Special Purpose Acquisition Companies Under SEC Scrutiny: Mitigating Potential Liability for Offering Participants

We presented our third webinar in our Banking & Financial Services Litigation webinar series.

This panel discussed special purpose acquisition companies (SPACs), including:

An overview of the SPAC market and the SPAC and de-SPAC transaction structure

• The use of forecasts in connection with marketing the de-SPAC PIPE transaction
• The availability of the PSLRA for public companies, like SPACs; comparison to IPOs; and recent SEC Staff statements
• Cautionary language and diligence with respect to forecasts
• Conflicts of interest in the context of SPAC transactions: SPAC board duties, diligence obligations, SEC Staff comments
• Bringing claims for breach of fiduciary duty
• Securities disclosure cases and proxy (14A) versus prospectus (S-4) standards
• PIPE-related claims

CLE is not available when viewing a recording of this program. In order to receive credit you must have attended the live webinar program.