May 14, 2021

Volume XI, Number 134

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May 14, 2021

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May 12, 2021

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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.

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©1994-2021 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. All Rights Reserved.National Law Review, Volume XI, Number 40
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TRENDING LEGAL ANALYSIS

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About this Author

Member / Chair, Energy & Sustainability Practice
Member

Tom Burton’s zeal for innovation and passion for energy and sustainability have shaped the clean energy industry. He created one of the nation’s first clean energy legal practices. Clients ranging from investors to entrepreneurs to Fortune 100 companies rely on him for creative and strategic legal solutions, and he has completed hundreds of venture capital and private equity financings, mergers and acquisitions, and IPOs. He guides the industry’s next generation of leaders through active involvement with start-up organizations and accelerators. The Northeast Clean Energy Council recognized...

617-348-3097
Jeffrey P. Schultz Corporate & Securities Attorney Mintz, Levin, Cohn, Ferris, Glovsky and Popeo New York, NY
Member

Jeff is a versatile corporate and securities lawyer who steers clients through critical transactions. His repertoire includes debt and equity security financings, IPOs and other types of public offerings, private investment in public equity (PIPE) transactions, mergers and acquisitions, and strategic deals and agreements. Domestic and foreign public companies seek his assistance with public and private financings, SEC compliance, NASDAQ and NYSE compliance, corporate governance and general counseling. He also advises issuers and underwriters during IPOs of special purpose acquisition...

212-692-6732
Sahir Surmeli Energy & Sustainability Attorney Mintz Levin
Member

Sa is a highly skilled and versatile business counselor who advises companies, boards, entrepreneurs, investment banks and venture and private equity investors, as they build and grow companies. He handles public offerings, 144A and private financings, acquisitions, joint ventures and strategic partnerships. Sa guides public and private companies and investors, primarily in the energy and sustainability, technology, materials science, hospitality, retail and life sciences industries. Known as a problem-solver, Sa executes transactions with creative structures to address new opportunities...

617-348-3013
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