SPACs have become an increasingly common method of going public for many companies. If the SEC’s proposed rules were to be adopted, firms being acquired through a SPAC would have to meet the same standards as a traditional initial public offering. This could deter brands from pursuing SPAC deals, although Lamm notes that “Good deals usually do get done regardless of the framework in which it’s pursued.”
Bob Lamm chairs the Gunster’s Securities Law & Corporate Governance practice. Bob previously served as assistant general counsel and assistant secretary of Pfizer. His prior experience includes senior legal positions at W. R. Grace, CA Technologies, and Financial Guaranty Insurance Company. He also has extensive experience with small and mid-cap companies, as well as nonprofit entities. In addition to his role at Gunster, Bob is an independent senior advisor to the Deloitte Center for Board Effectiveness.