After a promising year 2020, the market of Special Purpose Acquisition Companies (SPACs) seems to be on the rise. Born in the United States of America, SPACs, companies without operational activity whose shares are listed on the stock exchange with the aim to acquiring or merging with a company operating in a predefined sector of activity sector, are very successful. Since the 1990s, three generations of SPACs have been created in the US with the view to make them compatible with the evolution of the securities law. As a result of this success, in 2020, 268 initial public offerings of SPACs have been completed in the United States, raising more than 80 billions USD. 1. In Europe and in…
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