Starting a new business is exhilarating. It can also be filled with several common startup legal mistakes. From the outset, there are three critical items to attend to. Each of them feels like revisiting the old chicken-and-the-egg problem. Which should come first? Forming a legal structure. Fundraising, including the amount, the instrument, the terms, and (of course) finding the investor. Putting a financial function in place to watch…
Are Special Purpose Acquisition Companies Dying Off? A Few Points to Consider.
by / ⠀Funding / June 1, 2021SPACs have had a fantastic run in the last year through the end of Q1 2021, rising from a total IPO count of 59 in 2019 to 248 in 2020 and a whopping 311 in just the first quarter of 2021. The number of SPAC IPOs in the first quarter of this year exceeded the total of all of 2020. However, the number of new IPOs fell off…