Special purpose acquisition companies, or “SPACs,” offer an alternative to the traditional IPO. They were all the rage through 2021, with more than 600 public offerings relying on SPAC vehicles. Since that time, the number of SPAC transactions has fallen drastically.

Partner Rajat Shah co-leader of our Corporate Practice Group offered some thoughts on how the SPAC market is transitioning in an interview with Lauren Ohnesorge, a senior staff writer at the Triangle Business Journal. Lauren looked at the challenges of SPACs in the context of NET Power, a Durham, N.C. renewable energy company.

Rajat advises public and private clients on matters relating to finance, mergers & acquisitions, general corporate law, organizational structuring, securities law compliance and other matters. Read more on his thoughts on SPACs: https://bizj.us/1qils1