(Online Via Zoom) Hong Kong Special Purpose Acquisition Companies (SPACs) Regime

Special purpose acquisition companies (“SPACs”) have become an attractive listing alternative, luring many investors and investments into the US capital market. Known as a “blank check companies”, SPACs have no commercial operations and are formed to raise capital through IPOs with the purpose of acquiring or merging with an existing company.
Due to the structure of SPACs, the HKEx previously prohibited the listing of SPACs. However, the HKEx published a consultation paper on SPACs on 17 September 2021 and, after much anticipation from the market, announced the implementation of new rules to create a listing regime for SPACs that took effect from 1 January 2022.
This course will provide an in-depth look at SPACs, including the critical features of the Hong Kong SPAC Listing Regime, some recent trends of SPACs around the world and the potential impact of the growth of the SPAC market on Hong Kong.