Merger transactions involving a SPAC vehicle and a private target company have a mixed track record. Many of the post-merger companies have performed poorly. However, certain post-merger companies have experienced spectacular success. Oklo, a nuclear power company at the forefront of small modular reactor (SMR) technology, is one such example. While a multitude of factors have led to its post-merger success, one key factor was the strong alignment between Oklo's founders and the SPAC sponsor.

Transactions involving special purpose acquisition vehicles, or SPACs, are on the rise again. Once a SPAC entity goes public, it is required to combine with a privately held target company within 18-24 months of the SPAC IPO. Once a target company is identified, the parties enter into a business combination agreement. This article highlights the key provisions in the business combination agreement.

The quality of air in indoor spaces has real-world impacts on productivity, health, and business performance. Madison Air, a company that provides advanced air purification solutions, had the biggest IPO of 2026 so far. Data center facilities, manufacturing plants, schools, and residential complexes are just a few examples of the customers that rely on Madison Air's services.