SPAC lawsuits: pre- and post-reverse mergers in the U.S. 2020-2021
2020 was the year of the SPAC, at least in the United States. The rapid increase in the number of IPOs via special purpose acquisition companies also led to an increase in lawsuits in the area from the third quarter of 2020. In January 2021 alone, there were seven lawsuits compared with 13 in the previous three months. This mirrors the timeline of the rise in the number of SPAC IPOs.
