“As markets bought powerful final yr, offers took longer to get executed and SPACs began nearing the top of their lives,” stated Alan Annex, co-chair of regulation agency Greenberg Traurig’s international company observe. “The requirement within the constitution, designed to guard the shareholders’ cash, says you’ll be able to’t lengthen the lifetime of the SPAC with out providing individuals the choice to get their a reimbursement on the time you provide that extension.”
