Coffee & Conversation - The SPAC Boom Through an Investigator's Lens, Part 2
This episode of Coffee & Conversation continues a two-part discussion of the rise of special purpose acquisition companies (SPACs). Partners Jessica Magee and Michael Stockham are joined by Todd Ranta, a partner at PwC, and Scott Mascianica, an assistant director in the U.S. Securities and Exchange Commission's (SEC) Division of Enforcement. Part two takes a closer look at some of the risks involved in SPAC transactions, including considerations related to disclosures, financial projections, target companies and "temporary insiders" like lawyers and brokers. The speakers also talk about recent SEC enforcement actions involving SPACs and offer key takeaways for anyone currently involved in or considering becoming involved in the SPAC process.
Click here to listen to part one.