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22 J. Corp. L. Stud. 1 (2022)

handle is hein.journals/corplstd22 and id is 1 raw text is: JOURNAL OF CORPORATE LAW STUDIES 2022, VOL. 22, NO. 1, 1-44 https://doi.org/1 0.1080/14735970.2022.2036413 Ta Routiedge Taylor & Francis Group a OPEN ACCESS Ch~k f~ ~pd~s Warning the UK on Special Purpose Acquisition Companies (SPACs): great for Wall Street but a nightmare on Main Street Bobby V. Reddy Faculty of Law, University of Cambridge, Cambridge, UK ARTICLE HISTORY Received 21 October 2021; Accepted 26 January 2022 KEYWORDS SPACs; Special Purpose Acquisition Companies; Listing Rules; IPO; retail investors; UK listing review Introduction What do Shaquille O'Neal, Paul Ryan, Serena Williams, Jay-Z, Andre Agassi and Colin Kaepernick have in common? Apart from being guests of a rather eclec- tic fantasy dinner party, they are all part of the recent trend in celebrity endor- sements of US special purpose acquisition companies (SPACs).' A SPAC is a company incorporated with the sole objective of identifying and acquiring CONTACT Bobby V. Reddy bvr20@cam.ac.uk Churchill College, Cambridge, CB3 ODS, UK 'A. Ramkumar, 'The Celebrities From Serena Williams to A-Rod Fueling the SPAC Boom' The Wall Street Journal (17 March 2021). https://www.wsj.com/articles/the-celebrities-from-serena-williams-to-a-rod- fueling-the-spac-boom-11615973578. Unless otherwise stated, all URLs were last accessed on 16 December 2021. © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDer- ivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distri- bution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.