Practice Areas & Industries: Loeb & Loeb LLP

 




Special Purpose Acquisitions Companies (SPACS) Return to Practice Areas & Industries

Group Profile Lawyers in this Group Offices Locations for this Group
 

Practice/Industry Group Overview

Special Purpose Acquisition Companies (SPACs) have obtained such credibility in the capital markets arena based upon market performance and completion of successful business combinations in short order. With its wider acceptance in the market among investment banks, prospective management groups and investors, blank check companies raised $12.1 billion in public offerings, accounting for about a quarter of the entire initial public offering market in 20071.

Loeb & Loeb is actively involved in these transactions and several of the deals which we have worked on have been instrumental in the evolution of the structures of these transactions.

The SPAC Report, DealFlow Media’s news and analysis of blank check companies, ranked Loeb & Loeb #2 for the total number of SPAC IPOs the firm advised during 2007. In 2006, Loeb & Loeb tied for 1st place in the U.S. based on the number of issuer clients that consummated SPAC offerings according to IPO Vital Signs. Securities Practice Group Chair, Mitch Nussbaum, was ranked 1st as IPO Issuer Lawyer based on the number of completed IPOs for 2006 according to IPO Vital Signs Corporate Scorecard.

Clients and Industries

Our representation in the following issuer industries is diverse and growing. It includes minerals, shipping, paper products and packaging, securities, information technology, energy, media and advertising, chemical and oil tankers.

Our recent representative experience working with issuers include:

 

Issuer

Offering Amount

Effective Date

Underwriter(s)

Hambrecht Asia Acquisition Corp.
(OTC BB: HMAUF.OB)

$32,000,000

March 2008

BroadbandCapital/
Chardan Capital

Spring Creek Acquisition Corp.
(OTC BB: SCRUF.OB)

$36,000,000

February 2008

EarlyBirdCapital Inc.

China Mineral Acquisition Corp.
(AMEX: HOL.U)

$120,000,000

November 2007

Citigroup

Stone Tan China Acquisition Corp.
(OTC BB: STTAU)

$240,000,000

October 2007

Morgan Joseph

Seanergy Maritime Corp.
(AMEX: SRG.U)

$220,000,000

September 2007

Maxim Group

Arcade Acquisition Corp.
(OTC BB: ACDQ)

$50,000,000

May 2007

Morgan Joseph/
Legend Merchant

Vector Intersect Security
Acquisition Corp.
(OTC BB: VTRQ)

$60,000,000

April 2007

Rodman & Renshaw

Alpha Security Acquisition Corp.
(AMEX: HDS)

$60,000,000

March 2007

Maxim Group/
I-Bankers

Accelerated Global Technology Corp. (AMEX: Pending)

$300,000,000

In Registration

Citigroup/Lazard/
Jefferies & Co.

ASM Holdings
(AMEX: Pending)

$150,000,000

In Registration

UBS


Our recent representative experience working with underwriters include:

 

Issuer

Offering Amount

Effective Date

Underwriter(s)

China Fundamental Acquisition Corp.
(OTC BB: CFQUF.OB)

$30,000,000

May 2008

Chardan Capital Markets/
Maxim Group

InterAmerican Acquisition Group, Inc.
(OTC BB: IAGU-OB)

$60,000,000

September 2007

Chardan Capital/
Maxim Group

China Discovery Corp.
(OTC BB: CADQF)

$30,0000,000

June 2007

EarlyBirdCapital/
Legend Merchant

Consumer Partners
(AMEX: Pending)

$125,000,000

In Registration

Broadband Capital

China Aviation
(OTC BB: Pending)

$30,000,000

In Registration

Maxim Group


Leadership in Law

Loeb & Loeb is at the forefront on SPAC transactions. We frequently speak at industry events on the latest SPAC deal structures, as well as serve as a source for the media who cover the securities market and trends.


1  As reported in The SPAC Report, Vol. II, No. 1, January 24, 2008, published by DealFlow Media