1720004 Informal Interpretation
… (“A Corp”). Person A intends to sell A Corp to “SPAC,” a publicly traded special purpose acquisition company … As a result, A Corp will be a wholly-owned subsidiary of the SPAC (the “First Merger”). As consideration for the … the closing, LLC A will receive cash and approximately 40% of the voting securities of the SPAC (subject to adjustment …
Date
Rule
801.1
We view this as an acquisition followed by a backside transaction. As such, the entities are viewed as they exist going into the transaction. Thus, SPAC’s acquisition of A Corp is reportable. If SPAC...
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