June 15, 2021
LTSE
Recent SPAC activity is raising concerns and questions around what constitutes a good merger. To unpack the issues, LTSE and Reid Hoffman of Reinvent Technology Partners facilitated an executive roundtable discussion to define the future of SPACs.We convened experts spanning SPAC sponsors and founders to former leadership at the SEC and capital markets counsel came together for an honest debate on the pitfalls and merits of SPACs, and the path forward for designing a long-term, company-focused SPAC. Here are some of the key takeaways.
In the weeks following this roundtable discussion, new developments signal a new era of SPAC is already on its way. Consumer brand-focused SPAC, Iron Spark announced last week they would operate without warrants, instead offering a dividend to investors. To get all of the insights from the discussion on the long-term future of SPACs, download our summary here.