*Update* A Sober Look at SPACs with Professor Michael Klausner

In this episode, CII General Counsel Jeff Mahoney interviews Michael Klausner, the Nancy and Charles Munger Professor of Business and Professor of Law, at Stanford Law School. Last year, Professor Klausner co-authored a research paper entitled “A Sober Look at SPACs.” Based on research from January 2019 through June 2000, the paper found three disconcerting features of special purpose acquisitions companies: (1) SPAC shares were highly dilutive; (2) the post-merger performance of SPAC share...

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CII’s podcast is one of many platforms CII offers members to access timely information and perspectives and to increase public attention to critical issues and developments in corporate governance and capital markets. The target audience for our podcast is CII Members, other institutional investors, public companies, securities lawyers, proxy advisory firms and other institutional investor service providers.The podcast is free to the public and available on all major podcast listening platforms, and is not sponsored or paid for by advertisements.