This practice note will discuss the current state of the special purpose acquisition company (SPAC) market and provide practical guidance for formation and initial public offering (IPO) of the SPAC as well as the SPAC's follow-on acquisition. SPACs are experiencing a resurgence in the current turbulent economic climate. According to data from Bloomberg Law, IPOs of SPACs accounted for 23.6% of the 250 U.S. IPOs that priced in 2019, raising a total of $13.6 billion. And despite the ongoing COVID19 pandemic, 2020 has seen a remarkable uptick in SPAC activity. Click here to see recent examples of publicly filed de-SPAC agreements in Market Standards - M&A, 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. You can customize any search to your needs by adding filters or modifying the search criteria.