SPAC Chat Ep. 4: Litigation Update: Preparing for the Next Wave of Suits Against SPACs

By Jeffrey P. Schultz, Sahir Surmeli

It seems that everyone is taking a second look at SPACs as the number of lawsuits against these alternative IPOs continues to increase by the day. The SEC has recently commented on the liability risks of SPACs under the securities laws following the agency’s heightened scrutiny of these blank-check companies. What exactly is happening, and how can SPAC actors mitigate the ever-increasing risk of litigation?

This latest episode of SPAC Chat features your two favorite corporate attorneys in the forefront of SPACs, Jeff Schultz and Sahir Surmeli, along with two of Mintz’s leading litigators, Doug Baumstein and Sean Prosser, as they discuss this latest SPAC trend.

The Mintz team has handled numerous multibillion-dollar SPAC transactions in recent months, including for XL Fleet and Butterfly Network, as well as the recently announced deals involving Quantum-SI, DeepGreen Metals, and Vicarious Surgical. Mintz’s SPAC practice draws from decades of experience guiding clients in a broad spectrum of industries through the intricacies of SPAC financings. The firm handled the first New York Stock Exchange SPAC transaction and has completed over 35 SPAC transactions, including SPAC IPOs and de-SPAC mergers.

Have a SPAC topic in mind? We're always looking for great ideas for an upcoming episode. Submit your SPAC Chat suggestions to [email protected].

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Published

    • Viewpoint Topics

  • Venture Capital & Emerging Companies
  • Special Purpose Acquisition Company (SPACs)

    • Professionals

  • Jeffrey P. Schultz
  • Sahir Surmeli
  • Douglas P. Baumstein
  • Sean T. Prosser

    • Related Practices

  • Venture Capital & Emerging Companies

    • Authors

    Jeffrey P. Schultz

    Member

    Jeffrey P. Schultz is a Mintz Member who handles corporate and securities law, steering clients through critical transactions. Jeff's practice includes debt and equity security financings, public offerings, PIPE transactions, mergers and acquisitions, and strategic deals and agreements.

    Sahir Surmeli

    Member / Co-chair, Energy & Sustainability Practice

    Sahir Surmeli is a Mintz business counselor who advises companies, boards, entrepreneurs, investment banks, and venture and private equity investors as they build and grow companies. He handles public offerings, 144A and private financings, acquisitions, joint ventures, and strategic partnerships.