The King of SPACs
Doug Ellenoff, the founder of one of America’s leading SPAC law firms, explains the wildly popular investment vehicle.
To understand the substantial value of SPACs, or special-purpose acquisition companies, Luckbox ignored the noise and went straight to the source—the law firm of Ellenoff Grossman & Schole. For 25 years, the attorneys there have specialized in SPACs, initial public offerings (IPOs), registered direct/private investment public equity (PIPEs) and reverse mergers.
In the last decade, the firm has engaged in nearly 40% of all new SPACs. It led the SPAC IPO Legal League Tables for 2020 and ranked No. 1 of 17 firms in terms of deal flow. In 2020 alone, the firm worked on 70 SPACs. It has completed at least 325 SPACs...
