“Shareholder Vote & Redemption Window”
Welcome back to The SPAC Podcast. We’re almost at the final stage of our SPECIAL series.
So far, we’ve covered:
Now we’re at A: Approval Process.
After marketing and regulatory filings, the deal goes to a shareholder vote. Public shareholders can choose to redeem their shares for their portion of the trust — with interest — regardless of whether they vote for or against the deal.
Because of this, redemption risk is a key concern. PIPEs, backstop agreements, and minimum cash conditions all play a role in ensuring deal certainty.
Once the vote is passed and redemptions are handled, the deal is nearly complete.
Disclaimers:
The views, opinions, and statements expressed by the guest are solely their own and do not necessarily reflect the views of The SPAC Podcast, its hosts, or affiliated organizations. This content is for informational purposes only and should not be construed as investment, legal, tax, or accounting advice.
Michael J. Blankenship is a licensed attorney and is a partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is intended for informational and educational purposes only and should not be interpreted as legal, financial, or compliance advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the official policies or positions of any regulatory agency, law firm, employer, or organization.
Listeners are encouraged to consult their own legal counsel, compliance professionals, or financial advisors to ensure adherence to applicable laws and regulations, including those enforced by the SEC, FINRA, and other regulatory bodies. This podcast does not constitute a solicitation, offer, or recommendation of any financial products, securities transactions, or legal services.
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