Skadden Discusses De-SPACed Companies Seeking Chapter 11 Protection
Reynolds Holding
MAY 10, 2023
Some press reports frame these bankruptcies as evidence that the 2020-21 SPAC boom was a “fad” driven by “hype” and “speculati[on],” 1 but the reality is more complicated. But these transactions demonstrate that troubled de-SPACed companies may retain significant going-concern value even in today’s challenging environment.
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