The SPAC Report - February 2008

Exchanges Look to SPACs in Otherwise Dismal Market

The American Stock Exchange, now the dominant exchange for SPACs, could face a lot more competition during the next year. Full Story

Enticing Fundamental Investors Key to Success

A SPAC can be a highly lucrative endeavor for its management resulting in a stake in a highly profitable and rapidly expanding company. Or, it can equate to two-plus years devoted to a failed acquisition and the loss of millions of dollars. The difference all comes down to the proxy process. Full Story

A number of stagnant SPAC IPOs, many of which have gone a year or more without any amended filing or formal withdrawal, continue to linger in registration despite a renewed vigor and interest in the SPAC market. Attorneys familiar with blank checks believe the offerings are unlikely to be revived. Full Story

• Rough Seas for Shipping SPACs?
• Harbor, JK Have Yet to Liquidate
• New SPAC Merger Deals Valued at $826M
• HD Partners to Liquidate
• Marathon Escapes Deadline with Last Minute LOI
• Aldabra 2 Makes Concessions to Close Merger
• Chinese Regulators Stymie Shanghai Century Deal
• Energy Services Changes Acquisition Plans
• Clark Holdings Faces Delisting
• Hirings & Firings

• SPAC Tracker
• SPAC IPOs in Registration