In the first quarter of 2022, Loeb & Loeb served as a legal adviser to 15 SPAC initial public offerings with a total volume of $1.6 billion raised, making Loeb the most active legal adviser for SPAC IPOs so far in 2022, according to SPACInsider’s SPAC IPO Legal League Table. Specifically, the firm served as issuer’s counsel to nine IPOs (ranking No. 1 on the league table) and served as underwriter’s counsel to five IPOs (ranking No. 2 on the table).
In addition, Loeb was also the most active legal advisor in SPAC M&A deals in the first quarter of 2022, handling a total of 13 transactions with a total value of nearly $10 billion.
“I’m proud of the exponential growth and accomplishments our SPAC team has achieved recently and over the course of the past 20 years, and I look forward to the many future successes to come in 2022 and beyond,” said Mitch Nussbaum, vice chair of Loeb & Loeb and co-chair of the firm’s Capital Markets & Corporate department. “Because of our significant experience in both SPAC IPOs and M&A or business combination transactions, coupled with our work across a wide range of industries, our team is able to tackle the most complex business combinations, enabling us to work with a broad range of clients and on time-sensitive deals.”
In addition to SPACInsider’s SPAC IPO and M&A Legal League Table rankings, Loeb was named among the top 10 legal advisers representing U.S. IPO issuers by total value in the first quarter of 2022 by Bloomberg.
Loeb & Loeb’s Capital Markets team has been at the forefront of creative public offering structures for nearly two decades. The firm has represented issuers and underwriters in hundreds of SPAC offerings and business combinations. From some of the earliest deals on Wall Street to first-of-their-kind transactions that have contributed to the SPAC’s evolution, Loeb has guided clients through every generation of the SPAC product and are directly responsible for many structural features.