2020 was the year of the SPAC, at least in the United States. The rapid increase in the number of IPOs via special purpose acquisition companies also led to an increase in lawsuits in the area from the third quarter of 2020. In January 2021 alone, there were seven lawsuits compared with 13 in the previous three months. This mirrors the timeline of the rise in the number of SPAC IPOs.
Volume of SPAC litigation before and after de-SPAC process in the United States from Q1 2020 to January 2021
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Statista. (March 31, 2021). Volume of SPAC litigation before and after de-SPAC process in the United States from Q1 2020 to January 2021 [Graph]. In Statista. Retrieved December 02, 2024, from https://www.statista.com/statistics/787787/spac-litigation-despac-usa/
Statista. "Volume of SPAC litigation before and after de-SPAC process in the United States from Q1 2020 to January 2021." Chart. March 31, 2021. Statista. Accessed December 02, 2024. https://www.statista.com/statistics/787787/spac-litigation-despac-usa/
Statista. (2021). Volume of SPAC litigation before and after de-SPAC process in the United States from Q1 2020 to January 2021. Statista. Statista Inc.. Accessed: December 02, 2024. https://www.statista.com/statistics/787787/spac-litigation-despac-usa/
Statista. "Volume of Spac Litigation before and after De-spac Process in The United States from Q1 2020 to January 2021." Statista, Statista Inc., 31 Mar 2021, https://www.statista.com/statistics/787787/spac-litigation-despac-usa/
Statista, Volume of SPAC litigation before and after de-SPAC process in the United States from Q1 2020 to January 2021 Statista, https://www.statista.com/statistics/787787/spac-litigation-despac-usa/ (last visited December 02, 2024)
Volume of SPAC litigation before and after de-SPAC process in the United States from Q1 2020 to January 2021 [Graph], Statista, March 31, 2021. [Online]. Available: https://www.statista.com/statistics/787787/spac-litigation-despac-usa/