SPAC Chat: Busting Common Myths about SPACs [PODCAST]
Special Purpose Acquisition Companies (SPACs) are taking over Wall Street as more and more companies are taking advantage of this alternative IPO strategy. However, SPACs didn’t always have the best reputation, with many analysts warning against their growing popularity. Grab a cup of coffee and listen as leading SPAC attorneys from Mintz discuss and debunk the four most common myths about these transactions.
Tom Burton, Jeff Schultz, and Sa Surmeli have handled some of the hottest multibillion-dollar SPACs this season, including XL Fleet, Butterfly Network, and Canaccord Genuity’s Environmental Impact Acquisition Corp. Listen to them bust the following most common myths about SPACs:
1. SPAC is a four-letter word.
2. SPACs are the same as IPOs.
3. SPACs are faster and cheaper than traditional IPOs.
4. SPACs only enrich sponsors at the expense of others.