SPAC (Special Purpose Acquisition Company) Transactions

SPAC (Special Purpose Acquisition Company) Transactions

An interdisciplinary practice advising the full range of market participants on complex transactions involving SPACs.

Key Contacts

Meet Our Team

Experience

  • SPAC INITIAL PUBLIC OFFERINGS

    • Representing a healthcare-focused SPAC in its pending $300 million SPAC IPO.
    • Representing the underwriters in the pending $200 million SPAC IPO of Crescera Capital.
    • Currently representing other SPAC sponsors and underwriters in IPOs not yet publicly disclosed in the healthcare, life sciences and technology sectors; and advising companies and investment funds on going public strategies involving SPAC and dual and triple track processes (IPO/SPAC, and IPO/SPAC/traditional M&A).
  • SPAC BUSINESS COMBINATIONS AND PIPES

    • Represented Altimeter Capital Management in Grab Holdings Inc.’s business combination with Altimeter Growth Corp., a SPAC, in a transaction valued at approximately $40 billion, the largest SPAC deal to date.
    • Represented Amplitude Healthcare Acquisition Corporation, a SPAC sponsored by affiliates of Avego Management, LLC and Metalmark Capital, in its business combination with Jasper Therapeutics.
    • Represented the private placement agents in a $60 million PIPE financing in connection with the business combination of eFFECTOR Therapeutics, Inc., a biopharmaceutical company focused on pioneering the development of selective translation regulation inhibitors (STRIS) for the treatment of cancer, with Locust Walk Acquisition Corp., a SPAC.
    • Currently advising on other SPAC business combinations and the related financing arrangements such as PIPEs; representing investment fund and other clients in connection with investments in companies undertaking SPAC business combinations and in connection with continuing investments in de-SPAC’ed companies; advising de-SPAC’ed companies on securities law and disclosure matters; and representing management teams and minority stockholders in private equity controlled companies engaged in SPAC business combinations.
    • Other SPAC transactions in which we have been involved on behalf of our clients have included, among others, Thoma Bravo Advantage/ironSource, Longview Acquisition/Butterfly Network, Vesper Acquisition/Hydrafacial, Falcon Capital/Sharecare and HighCape/Quantum SI.
  • SPAC COUNSELING AND REGULATORY GUIDANCE

    • Advising SPAC participants on director responsibilities and other legal and liability considerations including enforcement risks; investment banks and other financial institutions on SPAC-related policies, including research analyst-related policies and derivatives-related policies; and monitoring regulatory, litigation and other developments relating to SPACs.

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