{"id":8435,"date":"2022-08-19T08:52:08","date_gmt":"2022-08-19T13:52:08","guid":{"rendered":"https:\/\/www.bbrown.com\/insight\/1st-half-2022-spac-and-de-spac-litigation-update\/"},"modified":"2022-08-19T08:52:08","modified_gmt":"2022-08-19T13:52:08","slug":"1st-half-2022-spac-and-de-spac-litigation-update","status":"publish","type":"insight","link":"https:\/\/www.bbrown.com\/ca\/insight\/1st-half-2022-spac-and-de-spac-litigation-update\/","title":{"rendered":"1st Half 2022 SPAC and De-SPAC Litigation Update"},"content":{"rendered":"

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White Paper<\/p>\n

\n 1st Half 2022 SPAC and De-SPAC Litigation Update\n <\/h1>\n\t\n <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row][vc_column width=”2\/3″]\n
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\n 1st Half 2022 SPAC and De-SPAC Litigation Update\n <\/h1>\n\t\n <\/div>[vc_column_text]If 2020 was the year of the Special Acquisition Companies (SPACs), and 2021 the year of SPAC litigation, 2022 is off to a slow start in terms of de-SPACs and related litigation. The number of traditional IPO filings and SPAC IPO filings fell to their lowest levels in the past seven quarters. As of March 31st, there was $183.5 billion in SPAC dry powder available to be invested. After Q1 of 2022, there were 604 priced SPAC IPOs actively seeking a target, representing $144.7B in gross proceeds, the highest number and dollar value on record at the end of any quarter.<\/p>\n

The numbers speak for themselves as SPAC IPO and de-SPAC M&A activity dropped significantly in 2022.<\/p>\n