In a stock purchase transaction, the outstanding stock of the target company is transferred directly by its stockholders to the purchaser, with a stock purchase agreement serving as the primary governing...
Recreational cannabis continues to gain in popularity as more states legalize its use. To meet this growing demand, an increasing number of landlords are renting space to cannabis retail businesses. Both...
This practice note explains whether and how drug, medical device, biologics, and other life sciences companies should include ADR mechanisms in their contracts to resolve commercial disputes. Read now...
Do you need to understand when a U.S. employer may have to comply with U.S. labor and employment laws extraterritorially and when a foreign employer with operations in the United States is responsible...
Read this new practice note by Daniel Swanson and Julian Kleinbrodt from Gibson, Dunn & Crutcher to get up to speed on antitrust risks in intellectual property licensing. Leverage legal strategies...
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Despite all the uncertainty of the past year, special purpose acquisition companies (SPACs) emerged as a key driver of M&A activity in 2020. SPACs are created as shell entities to raise capital through an initial public offering (IPO), followed by the acquisition of a privately held business, which merges with or acquires the SPAC and becomes publicly traded. According to SPACInsider, the average SPAC IPO size in 2020 increased by more than 50% from 2019. In 2020, we also saw Pershing Square Capital Management’s Bill Ackman price the largest-ever SPAC IPO, which raised $4 billion. Given the expectation for SPACs to continue to surge in 2021, now is an exciting time to get a primer on SPACs, learn how to structure a SPAC transaction, and know the trends to watch in 2021. Whether you are new to understanding SPACs or have an ongoing matter that utilizes a SPAC structure, Practical Guidance has you covered!
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