Why SPACs Are Turning To Reps And Warranties Insurance

Law360 (October 21, 2019, 4:59 PM EDT) -- If you have followed the initial public offering market over the last couple of years, you must have seen the sharp rise of special-purpose acquisition company IPOs and the record-breaking amount of funds that they have raised.

Raising money is one thing, but spending it is a whole different ballgame. How SPACs have played it and whether they can play it better with mergers and acquisitions representations and warranties, or RWI, insurance is the question of the day.

Private equity firms realized early on the benefits of RWI and were the pioneers of the product in the United States.

Over the...

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