How to Run a De-SPAC Transaction

Since Hong Kong’s SPAC regime became effective on 1 January 2022, 11 SPAC IPOs have been filed with the Stock Exchange of Hong Kong and more are expected to come. In addition, over 600 U.S. listed SPACs are still looking for targets with an increasing interest in high quality Asia-based companies. This, together with the new sweeping regulations proposed by the SEC on 30 March 2022 which may have a chilling effect on the US SPAC market, we predict that there will be more de-SPACs with Asia-based companies, while China-based targets may favor de-SPACs with Hong Kong listed SPACs.

At this webinar, Morrison & Foerster’s partners Vivian Yiu, Ruomu Li, and Marcia Ellis, as well as associate Yilong Luo will discuss what investors and companies need to know regarding de-SPAC involving US SPACs and HK SPACs.

The webinar will cover the following topics:

• De-SPAC vs. IPO
• De-SPAC: Key Steps/Illustrative Timeline
• Key Considerations for Targets of SPAC Acquirers
• Target’s Wish List for an Indicative Bid
• De-SPAC: Specific Considerations for Asia-Based Target Companies

To access the full recording of the webinar, please complete and submit the form below.