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About 300 SPACs are under pressure to de-SPAC – merge with their target companies – this year, according to law firm Morrison & Foerster, or face the danger of being disbanded, given the 24-month time limit.

Blank-Cheque Company Craze That Has Taken Wall Street by Storm Spreads to Asia

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About 300 SPACs are under pressure to de-SPAC – merge with their target companies – this year, according to law firm Morrison & Foerster, or face the danger of being disbanded, given the 24-month time limit."If 2020 was the year of the SPAC, 2021 is the year of the de-SPAC," said Mr Mitchell Presser, co-chair of Morrison & Foerster's global corporate department. "A lot of these SPACs will be looking at Asia for de-SPAC-ing opportunities."Read the<a href="https://www.straitstimes.com/business/companies-markets/blank-cheque-company-craze-that-has-taken-wall-street-by-storm-spreads-to" target="_blank"> full article</a>.

Blank-Cheque Company Craze That Has Taken Wall Street by Storm Spreads to Asia