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D&O Insurance Initial Public Offering (IPO) Special Purpose Acquisition Companies (SPACs)

Woodruff Sawyer

SPACs Are Back: Takeaways from the 2025 SPAC Conference

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On June 17 and 18, DealFlow Events held its annual SPAC conference, a long-standing gathering of key players in the SPAC ecosystem. I was once again invited to speak at the event, which provided an opportunity to explore...more

Woodruff Sawyer

The 2025 Guide to D&O Insurance for SPAC IPOs

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As they go through their initial public offering (IPO) and the subsequent merger & acquisition (M&A) process, special purpose acquisition companies (SPACs) face many regulatory, legal, and business hurdles. Obtaining the...more

Woodruff Sawyer

Guide to D&O Insurance for De-SPAC Transactions, 2025 Edition [Report]

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There is significant complexity to the process of protecting a company and its directors and officers as they undertake the process of going public. This resource is your guide to the D&O insurance process for de-SPAC...more

Woodruff Sawyer

Guide to D&O Insurance for SPAC IPOs, 2024 Edition

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As they go through their initial public offering (IPO) and the subsequent merger & acquisition (M&A) process, special purpose acquisition companies (SPACs) face many regulatory, legal, and business hurdles. Obtaining the...more

Woodruff Sawyer

Guide to D&O Insurance for De-SPAC Transactions, 2024 Edition

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Woodruff Sawyer is the market leader when it comes to placing D&O insurance for companies going public, be it through an IPO, direct listing, or merger with a SPAC (a “de-SPAC” transaction). Experience matters in this arena....more

Woodruff Sawyer

Guide to D&O Insurance for SPAC IPOs, 2023 Edition

Woodruff Sawyer on

As they go through their initial public offering (IPO) and the subsequent merger & acquisition (M&A) process, special purpose acquisition companies (SPACs) face many regulatory, legal, and business hurdles. Obtaining the...more

Woodruff Sawyer

Guide to D&O Insurance for De-SPAC Transactions, 2023 Edition

Woodruff Sawyer on

While it’s true that the recent SPAC craze has significantly cooled, there are still more than 300 SPACs searching for a deal, according to SPAC Insider. The good news for those still searching for a deal is that there isn’t...more

Woodruff Sawyer

SPAC Litigation by the Numbers: Surprisingly Positive Trends in 2022

Woodruff Sawyer on

Tumultuous, exasperating, difficult, nerve-wracking, and frustrating are all apt descriptions of the 2022 SPAC market. We’ve summarized some of its ups and downs in our year in review blog post from October and have touched...more

Pillsbury - Policyholder Pulse blog

Closing Up the SPAC Shop: Insurance Consequences and Opportunities for Liquidating SPACs

In 2020 and 2021, Special Purpose Acquisition Companies (SPACs) were all the rage. A SPAC is a “blank check company,” publicly traded, and organized for the purpose of merging with a private company. It’s a mechanism for a...more

Woodruff Sawyer

Two Hot Button SPAC Issues as We Wrap Up 2022

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Over the past year, SPACs have been through market shifts, regulatory thrashing, economic issues, novel litigation theories, and SEC enforcement actions. I touched on all of these in my previous post, but for this month’s...more

Woodruff Sawyer

SPAC Notebook: A Year in Review

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It’s been a year since we launched the SPAC Notebook, our monthly column and podcast series, which helps our readers negotiate the risks and traps of the special purpose acquisition company (SPAC) market. Below, we look at...more

Woodruff Sawyer

SPAC Liquidations and Extensions Create D&O Insurance Riddles: Part 1

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Extend or liquidate? Those are the two options for a special purpose acquisition company (SPAC) that has not completed a business combination but is approaching its deadline for finding a suitable target. ...more

Vinson & Elkins LLP

D&O Insurance Considerations for Going Public via SPAC: Are You Covered?

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With more than 600 special purpose acquisition companies (“SPACs”) currently looking for merger partners, private companies are likely being courted by a number of SPAC suitors....more

Woodruff Sawyer

Taking Stock of SPACs: 2022 Trends in Review

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Plenty has changed since January 2022, when we last examined developing trends in the SPAC market. Since then, the macroeconomic environment shifted dramatically due to rising inflation, increasing interest rates, and the war...more

Lowenstein Sandler LLP

Has the SPAC Bubble Burst? Lessons Learned From the Early Days of SPAC Mania

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In this episode of “Don’t Take No for an Answer,” host Lynda A. Bennett is joined by Lowenstein Capital Markets & Securities partner Jared Kelly and Yelena Dunaevsky, Esq., Vice President, Transactional Insurance at Woodruff...more

Woodruff Sawyer

SPACs in Choppy Water: MultiPlan Litigation from the D&O Insurance Perspective

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SPACs are running into choppy water these days. Delaware Court of Chancery’s January 2022 opinion denying motions to dismiss in the MultiPlan Corp. litigation may be a significant source of concern for SPACs. Certainly, the...more

Woodruff Sawyer

Guide to D&O Insurance for De-SPAC Transactions

Woodruff Sawyer on

There is significant complexity to the process of protecting a company and its directors and officers as they undertake the process of going public. This resource is your guide to the D&O insurance process for de-SPAC...more

Woodruff Sawyer

Securities Class Actions Report: Filings Against Public Companies Down for Second Year in a Row

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In 2021, 182 securities class actions were filed against issuers of stock listed on US exchanges. This statistic means that the total number of annual filings in 2021 was down 13% compared to 2020. As highlighted in our...more

Woodruff Sawyer

Guide to D&O Insurance for SPAC IPOs (and How to Save Money on Your D&O Insurance Premium)

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SPACs (special purpose acquisition companies) had a volatile year in 2021, raising more funds in the public market and doing more business combinations than ever before. After an extremely busy first quarter the pace of SPAC...more

Woodruff Sawyer

SPAC Litigation Outlook: 2021 Trends Lead to 2022 Predictions

Woodruff Sawyer on

There was no shortage of excitement and drama in the world of SPACs in 2021. The year started with IPOs of hundreds of SPACs in numbers that eclipsed everyone’s expectations. The exuberance in the SPAC market in the first...more

Troutman Pepper Locke

SPACs and the Implications for D&O ‎Insurance

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Special Purpose Acquisition Companies or “SPACs” have emerged as a significant part of the ‎financial and transactional markets. A SPAC is a company with no commercial operations, formed ‎strictly for the purpose of publicly...more

Woodruff Sawyer

Take Personal Indemnification Agreements Seriously as D&O Insurance Rates Rise

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If you are serving as an officer or director of a public company (or a large private company), it has never been more important to make sure that you have an aggressively protective personal indemnification agreement. ...more

Woodruff Sawyer

SPAC Market Shifts Create Additional Insurance Concerns

Woodruff Sawyer on

The last few months have been difficult for SPACs. IPO activity slowed to a crawl. PIPEs became difficult to secure. Investors’ appetites waned. Redemptions soared. As a result, many SPAC teams put their IPO plans on hold and...more

Orrick, Herrington & Sutcliffe LLP

Top D&O Insurance Considerations for SPACs and SPAC Targets

Litigation stemming from the meteoric rise of Special Purpose Acquisition Company (SPAC) transactions means Directors and Officers (D&O) insurance coverage requires heighted attention. Unlike a traditional IPO, where the...more

Lowenstein Sandler LLP

In the Know: The Lowenstein Insurance Recovery Group’s Tip Of The Month - June 2021

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Companies should routinely assess their directors and officers (“D&O”) insurance policies to ensure they maximize coverage for business-specific and ever-evolving risks. This exercise is also important when the policyholder...more

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