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De-SPACtivism: How Post De-SPAC Public Companies Can Prepare for a Tidal Wave of Proxy Fights, Hostile M&A and Short Attacks
Vinson & Elkins – Post De-SPAC public companies saw an unprecedented number of shareholder activism campaigns during the 2021 and 2022 proxy seasons. The vast majority of these campaigns took the form of short attacks and proxy fights against post de-SPAC public companies to replace directors. As market capitalizations of these companies continue to plunge, we expect to see a rise in another form of activism – hostile M&A.
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