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End-of-Life Options for Ex-SPACS  


Author:  Jenny Hochenberg.; Madlyn Gleich Primoff.; Aashim Usgaonkar.


Source: Volume 56, Number 12, June 15 2023 , pp.175-181(7)




Review of Securities & Commodities Regulation

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Abstract: 

In this article, the authors discuss the challenges faced by ex-SPACs as well as the implications for their future. They explore “end of life” considerations faced by ex-SPACs, including potential delisting from stock exchanges, liquidity constraints, and limited financing options. Next, they provide insights into the growing number of ex-SPACs contemplating going private or seeking bankruptcy protection. They close with reflections on the legal considerations surrounding these choices and the potential surge in distressed M&A activities involving ex-SPACs.

Keywords: Starry Group Holdings; Exchange De-Listing; Reverse Stock Splits; Chapter 11 Section 363 Sale

Affiliations:  1: Freshfields, Bruckhaus Deringer US LLP; 2: Freshfields; 3: Freshfields.

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