Navigating the enforcement and risks of SPACs

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Virtual Roundtable

Wednesday, September 15th, 16:00 CT

Legal executives in North America are invited to join this virtual roundtable on “Navigating the enforcement and risks of SPACs”. It is a great opportunity to learn more about the exponential, high-profile growth in special purpose acquisition companies, how the SEC has responded, and what it means for the industry at large.

The session will start with key takeaways from experts in the field, understanding shifts in liability. Participants will also examine recommended steps to take in response to these changes, particularly a review of accounting for warrants and an evaluation of whether a restatement is required.

An expert moderator will guide the knowledge-sharing event, stimulating discussion between attendees in a closed, confidential environment. Attendance is by invitation only and complimentary, and registration is limited to a certain number of guests per event.

THE TOPIC

Navigating the enforcement and risks of SPACs

Despite its initial caution toward special purpose acquisition companies (SPACs), the Securities and Exchange Commission (SEC) has shifted gears in recent weeks. Various sectors now look to SPACs as an emerging enforcement priority, tackling their associated risks with newfound interest.

SPAC growth has been aggressive. Reports have shown they raised $83 billion throughout 2020 and $26 billion in January 2021 alone. Coupled with the SEC’s change of tone, these developments mark heightened enforcement and litigation risks for the future of these shell corporations.

  • How do SPACs fare in terms of disclosure risks under federal securities laws compared to a traditional IPO?
  • What role does the Private Securities Litigation Reform Act (PSLRA) play in a de-SPAC transaction?
  • How can organizations determine whether corrective measures are necessary to adapt?

Attended by:

Partner, Business & Commercial Litigation at Albright Yee & Schmitt
Partner, International Arbitration at Fox Rothschild
Partner, Business Litigation at Schulte Roth & Zabel LLP
Partner, Corporate Restructuring at Akerman LLP
Partner, Litigation at Ellenoff Grossman & Schole LLP
Partner, Litigation at Fox Rothschild
Partner, Corporate and M&A at Baker McKenzie
Partner, Securities Litigation at Steptoe & Johnson LLP
Partner, Public Policy & State Attorneys General at Squire Patton Boggs

For insight on this event, photos and guest interactions, see our post on LinkedIn.

3:50 pm: Guests to check-in online
4:00 pm: Welcome by The Ortus Club
4:10 pm: Introduction of participants
4:20 pm: Short address from Kira Systems
4:30 pm: Discussion instigated by the moderator and continued by the group
5:15 pm: End of session

Hosted by Kira Systems

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Event Detail

September 15, 2021 16:00
Virtual
North America

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