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Unraveling a SPAC Is Harder Than It Seems (Podcast)

Nov. 26, 2021, 9:45 AM

SPACs—special purpose acquisition companies or “blank check companies"—became a hot commodity in recent years.

The speculative nature and promise of large gains has turned the practice into a major boon for Wall Street—that is, until the SEC announced some rule changes earlier this year that made executing a SPAC a lot more complicated. We have now reached the point where some SPACs need to be unraveled, creating all kinds of unique tax considerations.

On this episode of our weekly podcast, Talking Tax, Jeff Leon speaks with Victor Hollender, a partner at Skadden in New York who has been advising clients on SPAC trends. He spoke about the “de-SPAC” process and where he sees the trend moving next.

Listen here.

Have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

To contact the reporters on this story: Jeffery Leon in Washington at; David Schultz in Washington at

To contact the editors responsible for this story: Patrick Ambrosio at; Meg Shreve at