[Webinar] SPACs – Current Trends in the US and Singapore
Special Purpose Acquisition Companies (SPACs) have been one of the hottest asset classes in the United States equity market, with record numbers launched in the first quarter of 2021. The boom in SPACs has attracted a tremendous amount of attention. Last year, SGX announced that SPACs can be listed on the Mainboard of the SGX-ST.
This webinar explores how SPACs and business combinations are structured in the United States, and a comparison between the SGX SPAC listing framework and the regulations applying to SPACs and market trends in the United States.
Participants log in to webinar
· SPAC overview
· Lifespan of SPAC
· Singapore SPAC framework and key considerations
Question & Answer
End of webinar
Speakers / Panellists
Ms Chong Ying Chiang
Counsel, Clifford Chance Singapore
Chong Ying Chiang specialises in debt and equity capital markets transactions for companies and real estate investment trusts in Singapore and across South East Asia, and is a member of the Global Financial Markets group. Ying Chiang is an active supporter of diversity and inclusion, and is a founding member of the Clifford Chance Singapore women's network.
Ying Chiang joined Clifford Chance in 2011 and is admitted in Singapore and England and Wales.
Mr Jeff LeMaster
Partner, Clifford Chance New York
Based in New York, Jeff is a Capital Markets partner with 15 years of experience advising on US securities laws. Jeff has advised on several US SPAC listings and de-SPAC transactions, including advising HH&L Acquisition (SPAC sponsored by Fang Fenglei, Chairman of Chinese PE firm HOPU Investments, Kenneth Hitchner and Richard Li) on its NYSE-listed IPO.
His other notable SPAC experience includes advising:
- a Hong Kong-based hedge fund manager with respect to a forward purchase agreement entered into in connection with the combination of United Family Healthcare with SPAC New Frontier Corporation
- a European venture capital fund, as a minority investor in Genius Sports Group, with respect to its combination with SPAC dMY Technology Group, Inc. II
- a Singapore-based sovereign wealth fund, as a minority investor in a proposed SPAC target
- a US-based sponsor on an innovative SPAC funding structure
- Bank of America, Morgan Stanley, Wells Fargo and UBS on the initial public offering of over 35 NYSE-listed, registered closed-end funds
Mr Matthew Warner
Counsel, Clifford Chance New York
Matthew Warner is a Counsel in the Mergers and Acquisitions group of Clifford Chance New York. Since joining the firm in 2010, Matthew has worked on both public and private mergers and acquisition in a variety of sectors.
Matthew has worked on numerous de-SPAC transactions for a variety of market participants including targets, SPACs, target shareholders, sponsors, sponsor investors, PIPE investors, other de-SPAC investors and financial advisors. He has worked on a number of domestic de-SPAC matters but primarily focuses on de-SPACs of foreign targets seeking a listing in the US.
Matthew is a magna cum laude graduate from the University of Colorado and a graduate of the New York University School of Law (J.D. 2009), where he was a member of the NYU Journal of International Law and Politics.
Number of Public CPD point: 1.0 (TBC)
Practice Area: Banking and Finance
Training Level: General
SILE Attendance Policy
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