Digital assets and special purpose acquisition companies (“SPACs”) have been two of the hottest topics in the financial world over the past few years, and, unsurprisingly, the topics overlap with increasing frequency. We have set forth below a high-level overview of what SPACs are (including an explanation of the documentation involved in a crypto-related SPAC), guidance on what makes cryptocurrency-related SPACs unique and difficult to execute, a list of historical examples of such SPACs that have successfully completed an acquisition, a pipeline of potential crypto SPACs and some expectations for the future.
‘Enforcement 40’ for 2020
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