David Ni serves as co-leader of Sidley’s Special Purpose Acquisition Companies (SPACs) global group. David represents issuers, underwriters and selling securityholders in a variety of public and private offerings, including SPAC initial public offerings and “de-SPACings,” initial public offerings, follow-on offerings, acquisition and leveraged finance transactions, debt restructurings, liability management transactions, remarketings, at-the-market offerings, bank note offerings, and medium-term notes offerings. He counsels companies on a variety of products, including debt (investment grade and high-yield), common stock, preferred stock, depositary shares, warrants, trust preferreds, regulatory capital, Eurobonds, convertible notes and other hybrid securities. He works across a diverse range of industries, including energy, technology, media and telecommunications, life sciences and financial services. David regularly advises public companies regarding corporate governance matters, ongoing reporting obligations and exchange listing requirements.
Thursday June 16, 2022
Navigating a Challenging PIPE Market and Alternative De-SPAC Financing Structures
- Trends in De-SPAC PIPEs, including increased use of convertible debt and convertible preferred equity
- Forward purchases
- Backstop agreements
- Sponsor participation in PIPEs and backstop