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“Given that the Reit market is relatively hot and Reit IPOs are getting done, it makes more sense to convert to a Reit than to acquire a business that would have to have all its financials reviewed by the SEC” Brian Hoffmann, Clifford Chance |
Spacs (special purpose acquisition companies), which gained momentum in the bull market, were never very popular at the best of times. With very little in the way of special purposes to invest in and time almost up on their investment deadlines, they look even less appealing.
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