SPACs

The proposed regulations would require additional disclosures about SPAC sponsors, conflicts of interest and sources of dilution.

Experts at the PLUS D&O symposium took a deep dive into the issues and uncertainties affecting SPAC deals.

The start-up said its survey shows that SPAC and de-SPAC claims would drive increasing litigation throughout 2022.

Investors are taking a second look at private valuations, as they realize that an IPO or a SPAC exit is no longer an attractive option in the short term.

Harper’s comments follow Kin and Omnichannel mutually agreeing to terminate their previously announced SPAC merger deal due to 'unfavorable market conditions'.

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The next generation must stay private longer, employ a partnership approach to capital and take the complexities of insurance more seriously.

The parties decided to terminate the business combination agreement due to “current unfavorable market conditions”.

Woodruff Sawyer noted that the SEC, Finra, and the DoJ are likely to continue focusing on the SPAC market in 2022.

Aggregate settlements during 2021 amounted to $1.8bn, falling 18.2% from the $2.2bn aggregate amount in 2020, Nera data showed.

For the SPAC market, sources said that prices should continue to harden, while D&O rates are expected to stabilize amid a capacity flush.

If the vote is successful and all closing requirements are satisfied, the combined company will be named Kin insurance and is expected to be listed on the NYSE under the ticker symbol “KI”.