1. Special Purpose Acquisition Companies (SPACs) – We anticipate approximately 2-4 new SPAC IPOs a month. SPACs will continue to be a viable vehicle to access the U.S. public markets but, given the difficult PIPE market, de-SPAC transactions will likely be limited to companies not looking for additional funding or where new funding comes from existing
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Under new guidance from the Small Business Administration (SBA) issued through a Procedural Notice (Notice) on Oct. 2, 2020, certain PPP borrowers may be required to seek prior consent from the SBA for a change in ownership of equity or sale of assets. Notably, the Notice addresses a change in ownership interest of the PPP…