In the first three quarters of 2022, Loeb & Loeb served as a legal advisor to 20 SPAC initial public offerings with a total volume of $2.2 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 13 IPOs (ranking No. 1 on the league table) and served as underwriter’s counsel to seven IPOs (ranking No. 2 on the table).
In addition, Loeb was also the most active legal advisor in SPAC M&A deals through the third quarter of 2022, handling a total of 20 transactions with a total value of nearly $10.5 billion.
“We are proud to maintain our spot as the leading legal advisor for the SPAC industry, in both SPAC IPOs and M&A or business combination transactions,” said Mitch Nussbaum, vice chair of Loeb & Loeb and co-chair of the firm’s Capital Markets & Corporate department. “Even with the recent market declines, our SPAC team continues to persevere and help clients navigate through turbulent market conditions towards successful closings.”
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.