<br />
The SPAC Boom:<br />
USING SPECIAL PURPOSE ACQUISITION COMPANIES AS<br />
AN ALTERNATIVE MEANS OF LISTING IN THE US<br />
THE SPAC BOOM<br />
Contents<br />
Introduction ................................................................................... 3<br />
What are SPACs and how do they work? .................................... 4<br />
Pros and cons of SPAC structure.................................................. 8<br />
SPACs in the COVID-19 environment ........................................ 11<br />
The potential Indian angle ......................................................... 12<br />
The Future of SPACs .................................................................... 14<br />
2<br />
WWW.DLAPIPER.COM<br />
Introduction<br />
This year has been a record-breaking year for special purpose acquisition<br />
companies (“SPAC”) initial public offerings (“IPOs”) in the United States of America<br />
(“US”). In Q3 2020, more than 80 SPACs<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 1" href="http://viewer.zmags.com/publication/c505e23d?page=1"> The SPAC Boom: USING SPECIAL PURPOSE ACQUISITION </a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 2" href="http://viewer.zmags.com/publication/c505e23d?page=2"> THE SPAC BOOM Contents Introduction ........</a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 3" href="http://viewer.zmags.com/publication/c505e23d?page=3"> WWW.DLAPIPER.COM Introduction This year has </a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 4" href="http://viewer.zmags.com/publication/c505e23d?page=4"> THE SPAC BOOM What are SPACs and how d</a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 5" href="http://viewer.zmags.com/publication/c505e23d?page=5"> WWW.DLAPIPER.COM What are SPACs? SPACs (commonl</a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 6" href="http://viewer.zmags.com/publication/c505e23d?page=6"> THE SPAC BOOM which are risk free, the “at-risk</a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 7" href="http://viewer.zmags.com/publication/c505e23d?page=7"> WWW.DLAPIPER.COM Protection for investors Despi</a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 8" href="http://viewer.zmags.com/publication/c505e23d?page=8"> THE SPAC BOOM Pros and cons of SPAC structure </a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 9" href="http://viewer.zmags.com/publication/c505e23d?page=9"> WWW.DLAPIPER.COM We set out below some of the p</a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 10" href="http://viewer.zmags.com/publication/c505e23d?page=10"> THE SPAC BOOM FROM THE PERSPECTIVE OF PR</a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 11" href="http://viewer.zmags.com/publication/c505e23d?page=11"> WWW.DLAPIPER.COM SPACs in the COVID-19 enviro</a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 12" href="http://viewer.zmags.com/publication/c505e23d?page=12"> THE SPAC BOOM The potential Indian angle </a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 13" href="http://viewer.zmags.com/publication/c505e23d?page=13"> WWW.DLAPIPER.COM Given all the buzz surrounding</a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 14" href="http://viewer.zmags.com/publication/c505e23d?page=14"> THE SPAC BOOM The future of SPACs Amid a US econ</a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 15" href="http://viewer.zmags.com/publication/c505e23d?page=15"> WWW.DLAPIPER.COM Philip Lee Partner, Singapore </a>
<a title="DLA _Special_Purpose_Acquisition_Companies_2020 page 16" href="http://viewer.zmags.com/publication/c505e23d?page=16"> DLA Piper is a global law firm operating through </a>