We Haven't Heard The Last From SPACs, Panel Says

Law360 (April 22, 2021, 8:25 PM EDT) -- Despite headwinds that are chilling the once red-hot market for special purpose acquisition companies, a panel of dealmakers on Thursday predicted that activity will rebound once accounting and related questions raised by regulators are resolved.

Lawyers, accountants and investment bankers active in SPAC deals addressed the market climate in a web event Thursday, responding in part to a recent increase in regulatory scrutiny that has coincided with — and some argue contributed toward — a slowdown in SPAC activity.

SPACs, also known as blank-check companies, are shell entities that raise money through an initial public offering in order to acquire another...

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