We are in the midst of what some analysts are calling the SPAC frenzy. The year 2020 and the first quarter of 2021 have seen the most SPAC activity in a decade. More than $83B was raised in 248 initial public offering SPACs, with the SPAC IPO market accounting for over half of all IPO’s in the U.S. in 2020. SPACs have been used to raise capital to buy cannabis businesses, sports teams, electric vehicle manufacturers, education companies, fintech businesses, biotech and health care companies, space companies, as well as oil and gas, and manufacturers. Many of these SPACs are being formed here in the DC Metro region.
What is driving this boom, and what impact will it have on the middle market and competition? Our panel will help you understand the SPAC instrument and the surrounding excitement, address benefits and considerations, share insights on what is ahead for SPACs, and answer your questions on the implications to the middle-market, industry sectors, and local business.
After the panel, join us for an hour of virtual networking!
