
July 01, 2021
Special Purpose Acquisition Companies (“SPACs”): A Unique Challenge for Directors and Officers Liability Insurance Programs
What is a SPAC? A SPAC, or “blank-check company,” is a shell company formed with the intent of raising capital through an Initial Public Offering (“IPO”) for the sole purpose of acquiring an existing company. Upon completion of the transaction, the acquired company assumes the SPACs listing on the public exchange. SPACs are typically formed […]



