Bill Gorman and Stephen Pincus quoted in "Special Purpose Acquisition Company Investment (SPAC) vehicle expected to grow in Canada: Goodmans", Canadian Lawyer Magazine
|Lawyer||William (Bill) Gorman, Stephen Pincus|
|Area||Mergers and Acquisitions|
Excerpt from "Special Purpose Acquisition Company Investment (SPAC) vehicle expected to grow in Canada: Goodmans", Canadian Lawyer Magazine:
"In uncertain times such as these, investors have been looking to the Special Purpose Acquisition Company (SPAC) vehicle as a smart way to park money while waiting for an opportunity, say Stephen Pincus and Bill Gorman at Goodmans LLP, a leading law firm in Canada on getting SPACS going in Canada... “I think we’re on the cusp of a new wave of SPACs in Canada,” Pincus says, noting that the U.S. SPAC market is at an all-time high, raising more than US$30 billion so far in 2020, up from US$13 billion in all of 2019. Gorman agrees, saying the pandemic, the macroeconomic situation and even the uncertainty surrounding the U.S. election make the opportunistic nature of a SPAC an interesting investment vehicle."