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  "documentTitle": "Merging with SPAC",
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  "authorName": "Mayer Brown, PwC",
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  "notes": "The slide uses a simple equation-style diagram to explain the SPAC merger process.",
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      "kind": "diagram",
      "text": "LISTED SPAC + TARGET COMPANY = LISTED 'SUCCESSOR' COMPANY",
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      "text": "Value generation through highly incentivized management structure",
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      "text": "Blind pool of cash raised by financial sponsor through IPO to acquire a private operating company",
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      "kind": "source-note",
      "text": "Source: Nasdaq, \"SPACs: Special Purpose Acquisition Companies Listing a SPAC on Nasdaq\" (June 2020)",
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      "kind": "title",
      "text": "How does a SPAC work?",
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