Celesq® Programs

Everything You Wanted to Know About SPACs But Were Afraid to Ask

Active
Program Number
3164
Program Date
2021-03-12
CLE Credits
1

The course will explain what SPACs (special purpose acquisition companies) are, when then emerged historically, how they are structured, how they are being used, how they work, why they are so popular, how they are regulated, what issues frequently arise and what risks they pose. The course will focus in on a few recent SPAC transactions to explain how the target is selected, how the merger with the SPAC occurs mechanically, what documents are negotiated and what documents are filed with the SEC. The course will also discuss some of the recurrent issues that frequently arise, including fair market value of a private target, valuation and status of options and deferred compensation, preparation of audited financials, the use of a simultaneous PIPE (private investment in public equity) transaction, the “promote, registration rights, earn-outs, lock-ups, management, disclosure and insider self-dealing.

Available in States

  • California
  • Colorado
  • Georgia
  • New Jersey
  • New York
  • Texas Self Study

Program Categories

  • Banking & Finance Law
  • Business Organizations & Contracts
  • Contracts
  • Corporate and Securities Law
  • Federal Courts
  • Insider Trading
  • Mergers & Acquisitions
  • Securities & Investing

PROGRAM CREDITS

  • Areas of Professional Practice : 1 Credit