In this episode, host Dara Albright and guest, Doug Ellenoff, Member of Ellenoff Grossman & Schole LLP, discuss the spectacular rise of SPACs (Special Purpose Acquisition Companies) and how this 25 year-old financing mechanism is on the cusp of solving some of the macroeconomic problems caused by the dearth of public companies. Discussion highlights include:
How SPACs have evolved and why it has taken over two decades for the SPAC to become a mainstream financing instrument;
How SPACs are responding to concerns over companies staying private for far too long;
How new regulatory efforts to rein in on SPAC enthusiasm could end up frustrating capital formation;
The symbiotic relationship between fintech and SPACs;
How crowdfunding is becoming today’s venture capital round as SPACs become the modern IPO;
Sneak peek into what to expect at Dealflow’s upcoming annual SPAC Conference, the industry’s leading SPAC event since 2008.
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