Dechert to Host Roundtable on SPACs on April 21
On April 21 at 1:00 pm EST, Dechert lawyers will host an event to discuss issues and concerns, including securities litigation, that fund managers should bear in mind when considering SPAC-related investments. In a recent presentation, Dechert lawyers discussed the resurgence of these special purpose acquisition companies and their operations within the securities laws, including investments in SPACs interact with Section 17 of the 1940 Act, particularly the rules around affiliated transactions and joint transactions. Dechert notes that both traditional and alternative fund managers are participating in SPACs at launch, trading their shares and warrants and investing in the final “de-SPAC” transactions via Private Investments In Public Equities (PIPE) structures. In the upcoming webinar, lawyers Joni Jacobsen, Neil Steiner and Curtis Weber will discuss the specific issues and concerns for private fund managers, the potential securities litigation that can arise at each stage of the SPAC life cycle – from the IPO to the de-SPAC transaction – as well as from issues arising from the post-transaction operating company.
Registration is available here.