On January 24, 2024, the U.S. Securities and Exchange Commission (the “SEC”) adopted new final rules relating to special purpose acquisition companies (“SPACs”). The new rules affect both initial public offerings (“IPOs”) for...more
PIPEs generally involve private equity funds, hedge funds and other private financial investors acquiring minority stakes in a SPAC, as a public listed company, at a significant discount to the market price of the SPAC’s...more