This article by Louis Lehot originally appeared on today.westlaw.com on Sept 2, 2021: Meet the New SPAC Circus Ringleader: The PIPE Investor
Since late 2019, when the special purpose acquisition corporation, or SPAC, returned to the public markets with a new twist, a circus of activity has breathed new life into the markets for privately-held emerging growth companies, forcing open a large window for public exits not seen in decades