More than 600 SPACs have gone public since July 2020, when the SPAC market heated up dramatically, raising over $200 billion. New regulatory scrutiny and several high-profile SPAC litigations have revived longstanding concerns about these “blank check” companies. Broader economic pressures are also adding to the unsteady market. That said, many believe we have seen enough SPAC transactions that it has become not only a respected alternative method of taking a private company public, but it is also here to stay.

In this episode of the Drawdown, we present Part II of our multi-part series on SPACs titled “The Players and the Paper,” where we explore key issues, provide valuable updates, and introduce the various parties and advisors involved in a SPAC transaction.

We are joined by Cherry Bekaert’s Managing Partner of Private Equity and Transaction Advisory Services, Scott Moss, and special guest Andy Tucker, M&A Partner at Nelson Mullins, to discuss the current state of the market, recent transaction activity, and the market response to recent regulatory directives, as well as what to expect for 2022.

The following topics are discussed:

[1:20] – SPAC Market Update
[3:55] – Analysis of Active Industry Sectors
[6:11] – Transaction Pricing Concerns
[10:57] – Economic Pressures Affecting Transactions
[13:36] – Market Response to SEC Warrant Treatment
[22:10] – Market Outlook for 2022

[Listen to Part I Here]

SPAC Transactions: The Players and the Paper: Part II