Since the original conceptualized design, the special purpose acquisition company (SPAC) vehicle has undergone several structural evolutions in an effort to provide SPAC operators with the best possible opportunity for achieving a successful business combination. These efforts have been tremendously successful, and can be credited with the massive resurgence, utilization and success we witness today.
It is important to keep in mind, however, that as the SPAC structural design has been evolving, so too has the M&A landscape in which it operates. Management teams have not only been launched into a hyper-competitive deal arena, but they are additionally tasked with the unique challenges associated with new and emerging cyber-related threats to the M&A process that are being ushered in by the digital age.
The purpose of this paper is to identify and explain the associated basis of the potential liability for SPAC operators, discuss how the adoption of proactive and robust risk management frameworks can be a key strategy for success, and set forth what you can expect from us as your broker in the process.
It is important to keep in mind, however, that as the SPAC structural design has been evolving, so too has the M&A landscape in which it operates. Management teams have not only been launched into a hyper-competitive deal arena, but they are additionally tasked with the unique challenges associated with new and emerging cyber-related threats to the M&A process that are being ushered in by the digital age.
The purpose of this paper is to identify and explain the associated basis of the potential liability for SPAC operators, discuss how the adoption of proactive and robust risk management frameworks can be a key strategy for success, and set forth what you can expect from us as your broker in the process.
