Remove Definition Remove Going Concern Value Remove Marketability
article thumbnail

Skadden Discusses De-SPACed Companies Seeking Chapter 11 Protection

Reynolds Holding

The contraction of the market for special purpose acquisition companies (SPACs) and the recent challenges de-SPACed companies have encountered have attracted considerable press attention. An unprecedented 34% of all 2021 going-public transactions took the form of de-SPAC mergers. But some broad trends are evident.

article thumbnail

Breaking Down the Delaware Supreme Court’s DFC Global Decision**

Appraisal Rights

In resolving the “record-specific argument” about the role of the deal price in this case, the Supreme Court directed the chancery court to reconsider its approach and disagreed with chancery that regulatory headwinds facing DFC Global undermined the reliability of market prices in this case.