White Papers

Understanding the Inner Dynamics of SPACs from IPO through Acquisition

SPACs can be very lucrative business models for their sponsors. SP ACs also present an attractive alternative IPO route particularly for the owners of smaller companies, often private equity funds or smaller businesses, looking to go public. The SPAC option represents a less onerous method to go public both in terms of speed (it is faster) and risk (there is less market risk and less regulatory burden). For public equity investors, SPAC stocks can be interesting private equity type investments with changing option components.

What is Bitcoin? It's FOMO. (Fear of Missing Out)

The answer involves concepts around trust, blockchain technology, public distributed ledger system secured by cryptography on a peer-to-peer network. Huh? Not to be outdone, there are “mining” and “wallets” though not the kind that come to mind, taxed as property by the IRS, tool of choice for criminal activity like ransomware, and an inventor with the nom de plume Satoshi Nakamoto.

Corporate America, China and Washington DC

As the Biden Administration further develops its China strategy, it is increasingly going to encounter into an increasingly difficult contradiction. Unlike the case of the Great Japan Debate of the late 1980s, much of American business does not want to see any U.S. government policies that might hurt its ability to make money in China.

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