Market Trends 2021/2022: De-SPAC Transaction Terminations


Summary

This practice note discusses recent market trends in the termination of business combinations involving special purpose acquisition companies (de-SPACs) announced in 2021 and 2022. The discussion includes the basis for termination, prevalence of termination fees, frequency of SPAC liquidation, and includes a list of representative deals with links to the deal summaries in Market Standards. The data analyzed in this practice note was obtained using Market Standards, the Practical Guidance database of publicly filed M&A deals that enables users to search, compare, and analyze transactions using 150+ M&A deal points to filter search results. For more detail on the deal points that can be searched in Market Standards, click here.