Okaty Quoted in Pacific Coast Business Times Discussing SPACs

23 April 2021 Pacific Coast Business Times News

Partner Mike Okaty was quoted in Pacific Coast Business Times discussing the difference between a typical IPO and a SPAC IPO in an article titled, “Santa Barbara County cannabis company to go public in $567M merger.”

Okaty told Pacific Coast Business Times, “You generally gain quicker access to the public markets at generally higher valuations and without some of the restraints that you have in a typical IPO.” He added, “If you do an IPO, you have your IPO day and if it’s a down day in the market, the price can go down, versus a SPAC which goes public when it wants, does the transaction to acquire the operating business more or less when it wants.”

Related Services

Insights

Foley Weekly Automotive Report
11 May 2021
Dashboard Insights
Podcast Episode 46: David Sanders, Partner
11 May 2021
Foley Career Perspectives
New USPTO COVID-19 Initiatives
11 May 2021
PharmaPatents
New California Law Requires Employers to Offer Jobs to Previously Laid-Off Employees
10 May 2021
Labor & Employment Law Perspectives
Home Care 100
27-30 June 2021
Marco Island, FL
Health Care Fraud Enforcement Trends: New or Different Challenges Ahead?
17 June 2021
Webinar
2021 AANP National Conference
15 June - 31 August 2021
Virtual Conference
HCCA Orange County Regional Healthcare Compliance Conference
11 June 2021
Virtual Conference