SPACs: Disclosing Before Closing

Special Purpose Acquisition Companies (SPACs) continue to ride a wave of popularity as the capital raised in relation to SPAC transactions surpassed US$280 billion in the first nine months of 2021 alone. SPACs are publicly traded companies that hold nothing but cash. They exist for the purpose of acquiring a private company and facilitating what is marketed as a fast-tracked public listing process for such acquisition target.

BVI Offers International Arbit…