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Special Purpose Acquisition Companies (SPACs) Client Alert

This SPAC Client Alert explores considerations for SPAC organizers with respect to management liability exposures and the necessary solutions to address those exposures.

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Through September 2020, there have been over 100 Special Purpose Acquisition Company (SPAC) offerings year-to-date, for a combined capital raise of over $40 billion and an average offering size approaching $400 million. This represents a nearly doubling of both nominal offerings and average offering size, and a tripling of capital raised year over year. There are several reasons for this significant growth, and several considerations for SPAC organizers with respect to management liability exposures and the necessary solutions to address those exposures.