Transactions involving the disposition of partnership property or partnership interests can trigger rules that limit business interest expense deductions. Section 163(j) of the Internal Revenue Code generally...
Interested in knowing what other partners are saying about how commercial lease agreements are evolving? Access exclusive market intelligence about private commercial lease agreements, as only told by...
The seller usually wants assurances that a buyer will be able to fund an acquisition at the closing, particularly if the closing is subject to a lengthy interim period between signing and closing. If a...
A company that receives a warning letter from the Food and Drug Administration (FDA) is on FDA's radar screen. In addition to responding appropriately to any actual or potential violations indicated...
We just added Arbitration Q&A content to Practical Guidance’s State Law Comparison Tool! Compare state laws on arbitration both pre-dispute and once a dispute arises across five key arbitration...
Now that the special purpose acquisition company (SPAC) boom has subsided, more than 500 SPACs are actively seeking private acquisition targets for de-SPAC transactions before the expiration of business combination deadlines. At the same time, supply chain issues, inflation, acts of war and political conflict, heightened regulatory scrutiny, and increased SPAC litigation have all impacted SPAC market conditions. The number of terminations of announced de-SPAC transactions indicates that the SPAC market is reactive to the changes and uncertainties in market conditions.
According to Market Standards, out of 219 de-SPAC transactions announced between January 1, 2021 and September 30, 2022:
Of the 29 terminated deals, nearly half of those were terminated in Q1 2022 due to market conditions, and it is anticipated that many of the 105 pending deals will reach their outside date or be terminated by mutual agreement due to market conditions (see these transactions in in Market Standards). Note: Market Standards is continuously updated. As a result, deal numbers may have changed since the publication of this newsletter.
Market Standards is a powerful tool for researching and comparing over 38,000 M&A transactions from 2008 to the present. Leverage Market Standards to find on-point precedent language on the most highly-negotiated transactions with over 150+ M&A deal points. To learn more about how it can help M&A attorneys work more efficiently, click here.
Discover Emerging Trends in M&A Transactions
Take a closer look at de-SPAC transaction terminations in the latest Market Trends practice note.
Read now »
Related Content
Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.Experience Lexis+