Question: 1. what is a SPAC? How does an initial public offering (IPO) of a SPAC differ from a traditional IPO? 2. Most acquisitions of target

1. what is a SPAC? How does an initial public offering ("IPO") of a SPAC differ from a traditional IPO?

2. Most acquisitions of target corporations by SPACs are structured as reverse mergers or reverse triangular mergers. What are some of the risks to investors associated with privately-held companies merging with existing public "shell companies" (SPACs) inna reverse merger?

3. What do you think distinguishes a taxable acquisition of target corporation stock in a reverse subsidiary merger from a non-taxable Type A reorganization in a reverse triangular merger?

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