Paul Ryan's Co. Debuts In Kirkland-Led $720M SPAC Floats
Law360 (September 16, 2020, 6:58 PM EDT) -- Former House Speaker Paul Ryan's blank-check company Executive Network Partnering Corp. was part of a pair of special purpose acquisition companies to debut on the stock exchanges Wednesday and raise $360 million each in upsized initial public offerings guided by Kirkland and Davis Polk.
Blank-check companies, or special purpose acquisition companies, secure money through IPOs to take private companies public, usually within 24 months after the offering. The shell companies generally target businesses in industries that reflect their management team's expertise.
Ryan's Executive Network Partnering Corp. didn't specify what kind of enterprise it would look to acquire, but the management team...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!