As I have noted in prior posts (most recently here), there has been a wave of Special Purpose Acquisition Company (SPAC) offerings this year. And as I have also noted, with all of the SPAC offerings have come problems and concerns. As discussed in the following guest post from Carrie O’Neil, Doru Gavril, and Boris Feldman, the D&O insurance marketplace has struggled to respond to these developments, and a number of different approaches to SPAC transactions have emerged. Carrie is a Senior Vice President at CAC Specialty and serves as a product development leader and claims advocate within its Legal and Claims Practice. Doru is a partner at the Freshfields law firm. Boris is a partner and head of the U.S. Technology practice at Freshfields. A version of this article was published on A Fresh Take, Freshfields’ blog on M&A, litigation, and corporate governance. The article also appeared on the CAC Specialty blog, CACConnect, here. I would like to thank the authors for allowing me to publish their article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this site’s readers. Please contact me directly if you would like to submit a guest post. Here is the authors’ article.
Continue Reading Guest Post: Mind the (SPAC) Gap