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Full-Text Articles in Securities Law
To Spac Or Not To Spac: Liberalizing The Regulation Of Capital Markets, Allison N. Swecker
To Spac Or Not To Spac: Liberalizing The Regulation Of Capital Markets, Allison N. Swecker
Vanderbilt Journal of Transnational Law
The merger and acquisition world has experienced an uptick in deal flow since 2016, reaching unprecedented levels in 2020 due to enhanced private equity funding and market volatility. While the market volatility spurred by COVID-19 halted traditional initial public offerings (IPOs), the special purpose acquisition company (SPAC) market exploded. The flurry of SPAC activity in the United States triggered the development of SPAC markets worldwide. Unfortunately, SPACs’ great rise to fame in the past few years has come at a cost-—fraud. As such, the US Securities and Exchange Commission (SEC) is left grappling with how to best regulate the market …