The Deal: Taking SPACs Private, The Next New Thing

Numerous de-SPAC companies are finding public markets to be challenging due to rising interest rates and investors backing out. O’Melveny partner Noah Kornblith said take-private candidates usually have one thing in common: They are running out of runway financially. Nate Gallon, who is also a partner at O’Melveny, noted that insiders looking to take companies private often include preferred shareholders who see value in the company and are in it for the long haul.

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