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SPACs Under SEC Scrutiny: Mitigating Potential Liability for Offering Participants

By Melissa Pfeuffer on May 7, 2021

May 19, 2021 Webinar
12:00pm – 1:00pm EDT
Register here.

Please join Mayer Brown partners, Christopher Houpt, Brian Massengill, and Anna Pinedo, for the third session in the Banking & Financial Services Litigation webinar series.

This panel will discuss special purpose acquisition companies (SPACs), including:

  • An overview of the SPAC market and the SPAC and de-SPAC transaction structure
  • The use of forecasts in connection with marketing the de-SPAC PIPE transaction
  • The availability of the PSLRA for public companies, like SPACs; comparison to IPOs; and recent SEC Staff statements
  • Cautionary language and diligence with respect to forecasts
  • Conflicts of interest in the context of SPAC transactions: SPAC board duties, diligence obligations, SEC Staff comments
  • Bringing claims for breach of fiduciary duty
  • Securities disclosure cases and proxy (14A) versus prospectus (S-4) standards
  • PIPE-related claims
  • Posted in:
    Corporate & Commercial, Securities
  • Blog:
    Free Writings + Perspectives
  • Organization:
    Mayer Brown
  • Article: View Original Source

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