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Special Purpose Acquisition Corporations (SPACs)

In recent years, special purpose acquisition corporations (SPACs) have become a popular investment vehicle among financial sponsors, private equity investors and business owners looking to access public markets. Blakes is at the forefront of the Canadian SPAC market and has intimate knowledge and expertise obtained through its role as counsel to SPACs, underwriters and targets. Blakes was closely involved in the recent amendments to the TSX and NEO SPAC rules and has advised on innovative SPAC structures at each stage of the SPAC life cycle, including:

  • Strategic planning and formation of sponsors

  • Initial public offering of SPACs

  • Transaction financings including PIPEs (private investment in public equity)

  • Qualifying transactions

  • Ongoing capital markets requirements as a public company

Our SPAC team draws on Blakes leading practices in capital markets, M&A, private equity, corporate governance, continuous disclosure and compliance and tax to provide full-service advice to SPACs, sponsors, underwriters, investors and their targets.

Where the SPAC is focused on targets in Canada, we also draw on deep market knowledge and industry experience in key sectors across the country.