2020 has seen the rise of the special purpose acquisition company (or SPAC) in the US. SPACs have tended to search for national targets, but in this article, we look at the issues European boards and investors should consider as this asset class looks to Europe to satisfy its insatiable appetite. The recent announcement that UK electric vehicle maker Arrival Group is to merge with Nasdaq-listed CIIG could herald a new wave of SPACs looking at European acquisition targets in the coming years.
*This article was first published in the International Financial Law Review.
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