Davis Polk partner Pedro Bermeo was quoted in Law360 on SPACs and companies preparing to go public. Pedro noted, “A lot of the perceived benefits of a SPAC have gone away given new regulatory developments and market conditions in the PIPE market.” He also explained that companies preparing to go public with a SPAC may be ready to switch to a traditional IPO when markets recover, whereas companies less driven to go public may simply stay private until they are prepared for a traditional offering.

The SPAC Crash Forces Merger Targets To Rethink StrategiesLaw360 (July 22, 2022) (subscription required)