Use this button to switch between dark and light mode.

From Boom to Doom: An Increase in De-SPACed Companies Seeking Chapter 11 Protection

September 05, 2023 (3 min read)

The boom in special purpose acquisition company (SPAC) IPOs in 2020 and 2021 led to hundreds of de-SPAC mergers, many of which are trading below the SPAC’s IPO price. Now, attention is shifting to the increasing number of de-SPAC companies seeking bankruptcy protection to restructure their obligations and preserve the values of their businesses as going concerns. Find out more about how distressed de-SPAC companies may be strategically using Chapter 11 as a rehabilitation option.    

Read now »

Related Content

  • Conducting Section 363 Sales
    Get familiar with the requirements for a sale under Section 363 of the Bankruptcy Code, the different methods of selling assets in a bankruptcy proceeding, and the differences between a Section 363 sale and a sale outside of bankruptcy.
  • De-SPAC Transaction Tracker: 2023
    Stay current on de-SPAC transactions announced or described in public company filings from January 1, 2023, to May 21, 2023, and stay tuned for Q3 updates.

Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account. 

  • Practical Guidance Journal Third Edition 2023 features Generative AI cautions and benefits, new trends in lending, environmental law considerations, market intelligence, and an offer to participate in our annual Private Market Data Surveys.
  • Interested in private M&A deal terms? If you have recently negotiated M&A transactions, including representations and warranties insurance and regulatory matters, consider participating in the annual Private Market Data Corporate and Mergers & Acquisitions Survey. Qualified survey participants will receive a $25 gift card.*
  • Generative Artificial Intelligence (AI) Resource Kit is a collection of current guidance on generative AI, ChatGPT, and similar tools.
  • Check out the new Practical Guidance Author Center! Learn about the 1750+ leading attorney authors contributing to our 24 practice areas, and find out how you can Become a Practical Guidance Author. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
  • Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
  • Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
  • Public Interest, Pro Bono, and Non-Profit Resource Kit offers valuable guidance for those providing pro bono legal services and assisting non-profit organizations and public interest groups. It includes useful content on topics including tenant's rights, fair housing and lending, discrimination, immigration, and general non-profit resources.
  • Click here to review the robust and growing collection of more than 150+ data points from publicly filed transactions available in Market Standards.

* Offer is void where prohibited by law or by your employer’s policies. Individual must complete the survey in its entirety and in accordance with all instructions by September 30, 2023, to be eligible for gift card offer. Only one gift card, valued at $25, will be given per individual, while supplies last. Employees of any governmental entity are not eligible to participate in this offer. No returns or exchanges. Offer is valid through September 30, 2023. The questionnaire responses will be reviewed for accuracy and relevancy prior to delivery of the gift card. Other restrictions may apply.

PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB

Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+

Tags: