On May 24th, 2021, the U.S. House Committee on Financial Services held a hearing regarding SPACs, direct listings, public offerings, and investor protection associated with these offerings. Prior to the hearing, the committee...more
Transactions that involve special purpose acquisition companies (SPACs) have risen at a meteoric rate in recent months, from $3 billion in 2020 to $166 billion in the first three months of 2021 alone.[1] With sponsors ranging...more