Mitchell Presser, partner and co-chair of Global Corporate department of Morrison & Foerster, was quoted in the article “Side Letter: SoftBank's $30bn; SPAC alignment boost; Coller's credit fund” by Private Equity International. According to Mitchell, given the scrutiny from the SEC and increasing competition in the market, investors are now willing to set hurdles for the stock price to clear before receiving their cut in return for sponsoring the SPAC.
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