Public Offerings of Special Purpose Acquisition Corporations (SPACs)
The firm enjoys a national reputation in the area of public offerings of special purpose acquisition corporations (SPACs). These publicly traded entities, created for the specific purposes of effecting a merger or other similar business combination, constitute a significant percentage of the SEC’s docket of initial public offerings in 2005. Littman Krooks LLP has represented underwriters in approximately $250 million in current or pending SPAC transactions since March 2004. In addition, the firm served as underwriter’s counsel for the first SPAC ever approved for listing on the American Stock Exchange.