Started a SPAC and wanting to sleep soundly? D&O policy is a certainty
Shaquille O’Neal has his own SPAC, as do Serena Williams and Colin Kaepernick. And along with them, every year hundreds of entrepreneurial types of SPAC are launched in America which shareholders readily subscribe to. The result is a tide of capital-rich companies that, with their stock exchange listing, look for possible acquisition targets.
SPACs are gradually becoming more popular in the Netherlands. And not simply as a game for the rich and famous, but as a tried and tested investment vehicle for serious entrepreneurs, often with a great track record. They use the SPAC as an entity to get a stock exchange listing, primarily because of the speed at which the regulator can give the green light.
Did you just start a Spac? read more