2020: The Year of the SPACs – An Interview with Jonas Grossman
Tuesday, September 29, 2020
For our September M&A Circle, Craig Lilly of Reed Smith will be interviewing Jonas Grossman, President of Chardan. While at Chardan, Jonas and his team have underwritten, acted as M&A advisor, and self-sponsored more than 80 special purpose acquisition corporations or “SPACs”. During 2020, seventy SPACs have accounted for approximately 40% of US IPO filings and raised over $31 billion.
This M&A Circle will take a deeper dive into SPACs and the current M&A environment including SPAC economics, trends, advantages and lessons learned.
Jonas Grossman is Partner and President of Chardan, where he oversees the firm’s banking and capital markets activities. He has broad transactional experience having led or managed more than 400 transactions since joining Chardan in 2003. Under Mr. Grossman’s leadership, Chardan has become one of the most notable underwriters, advisors and sponsors of SPACs, having underwritten 79 transactions raising $10.4 billion with zero liquidations. Chardan has also served as advisor to 18 SPAC transactions.
Craig Lilly is a leading legal advisor for strategics and private equity clients on domestic and cross-border technology acquisitions, mergers, divestitures, SPACs, recapitalizations, leveraged buyouts, and minority investments. Craig’s practice includes advising emerging technology companies on venture capital financings, corporate governance matters and public offerings. He also represents fund sponsors in connection with structuring and organizing investment funds, parallel investment vehicles, and offshore funds.