Financial Securities Attorney to Present on SPACs

Financial Securities Attorney to Present on SPACs

On Tuesday, June 8th, 2021, Scarinci Hollenbeck Counsel, Dan Brecher, will be speaking on a panel as part of a Strafford CLE Webinar entitled, “SPACs, de-SPACs, and Sponsor Liability: Conflicts of Interest, Mismanagement Claims, Disclosure Obligations”. The CLE webinar will examine the liability risks for sponsors of special purpose acquisition companies (SPACs) and explain how a de-SPAC transaction should be structured to avoid conflicts of interest, SEC disclosure violations, and mismanagement claims.

Mr. Brecher will be joined by fellow panelist and attorney Mitchell S. Nussbaum to examine the liability risks for sponsors of SPACs and explain how a de-SPAC transaction should be structured to avoid conflicts of interest, SEC disclosure violations, and mismanagement claims.

They will review several issues and examine questions like:

• What are the reasons behind the surge in the formation of SPACs, and what are the risks in an overcrowded market?
• How do the incentives created under SPACs differ for the sponsor and the investors?
• What are the sponsor’s disclosure obligations at the SPAC and de-SPAC stage?
• How has the recent SEC pronouncement on SPAC warrants changed matters?
• How can mismanagement claims arise against the sponsor post-closing?
• What special concerns should sponsors have concerning acquisitions of portfolio companies affiliated with or controlled by the sponsor?
• What businesses are Sponsors looking for as merger partners?

Attendees of the 90-minute webinar are eligible for 1.5 CLE credits. To learn more about the event and register to attend, you can head over to the Strafford event page: 

https://www.straffordpub.com/products/spacs-de-spacs-and-sponsor-liability-conflicts-of-interest-mismanagement-claims-disclosure-obligations-2021-06-08