Elliott Smith
Partner
Panelist
Perkins Coie
Elliott Smith advises clients on a wide range of corporate and securities transactions, including IPOs, follow-on offerings, ATMs, CMPOs, PIPEs, as well as spin-offs, subsidiary IPOs, and mergers and acquisitions. He also represents clients in SPAC-related transactions, including back-end business combinations.
Elliott helps companies prepare to go public and navigate corporate governance and compliance with federal securities laws, including the Sarbanes-Oxley Act and the Dodd-Frank Act.Elliott's experience enables him to support small, mid-cap, and large public companies in all aspects of transactional, litigation, and regulatory matters.
Topic
4:45pm - 5:25pm
June 18, 2025 June 18, 2025
The SPAC Advantage as an “Alternative IPO” Technique
- Faster to public market than traditional underwritten IPOs
- Ability to share forecasts with investors (with resulting potential for higher valuation)
- Satisfying public company governance standards, including board composition and reporting structures
- Reduced market volatility risks – SPAC mergers have a fixed valuation, offering more stability in unpredictable markets
- Flexibility in deal structures – custom deal terms such as earnouts and PIPE financing, to attract high-potential private companies into going public
- Lower barrier to IPO – SPACs help bypass a lengthy and costly traditional IPO process
- Attractive to institutional investors that may not typically invest in smaller, underserved market segments
- Less dependence on underwriting – how companies in overlooked sectors can bypass the challenges of securing traditional IPO underwriters
2:00 PM - 2:35 PM
Wednesday June 12, 2024
SPAC-tavism - When Shareholder Activism and SPACs Meet
- Discussion of the new wave of activism in SPACs
- Importance of board selection and other activist factors
- Using SPAC-tivism to fuel success
