What is a SPAC? Examining Why They Have Become So Popular in the Food and Ag Sector

The food and ag sector saw a considerable increase in interest in Special Purpose Acquisition Companies (SPACs) over the last year, with billions raised or announced for SPAC IPOs looking for targets in the sector, and numerous food and ag companies becoming public companies through SPAC mergers.

Mitchell S. Presser, co-chair of Morrison & Foerster’s Global Corporate Department who also co-leads the global SPAC team, illustrated the market’s trends during a presentation for the 2021 Global AgInvesting on the Green conference in New York, including:

• Current trends in relation to SPAC IPOs, SPAC-related PIPEs, and de-SPAC transactions;
• Raising a SPAC and de-SPACing;
• Regulatory headwinds; and
• Economics for investors and potential company targets.

Watch the video and contact us to learn more.