SPACs - Redemption Rights

Am trying to learn more about SPACs, would appreciate some help with the below questions: 

 

Are redemption rights granted to investors who purchase a SPAC on the open market as opposed to the IPO?

Can you redeem at any time or only after a de-SPAC and the shareholder vote?

Can you keep your warrants if you redeem?

Do the answers to the questions above depend on the idiosyncratic structure of the SPAC or are they uniform across all / most SPACs?

Comments (3)

 
  • Associate 2 in PE - Other
Feb 23, 2021 - 9:01am

1) They are afforded to both primary and secondary market purchased shares. Sometimes subject to being holder as of a record date. 

2) You can only redeem at specified events such as a de-SPAC shareholder vote or an extension shareholder vote. 

3) Yes. 

4) The three specific questions above are uniform across all SPACs. 

Start Discussion

Popular Content See all

LETS FKING GO BOYS
+133IBby Intern in Corporate Finance">Intern in CorpFin
You Did it Citi
+120OFFby 2nd Year Analyst in Investment Banking - Industry/Coverage">Analyst 2 in IB - Ind
HELP: Sticky Situation with Boss
+110OFFby 2nd Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 2 in IB-M&A
Idgaf anymore
+31IBby 1st Year Analyst in Investment Banking - Industry/Coverage">Analyst 1 in IB - Ind
Anyone else just want out of this shit?
+29IBby 2nd Year Analyst in Investment Banking - Generalist">Analyst 2 in IB - Gen
Evercore Target Schools?
+26BSCHby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
To Snitch or not to Snitch?
+20OFFby 2nd Year Analyst in Investment Banking - Industry/Coverage">Analyst 2 in IB - Ind

Total Avg Compensation

March 2021 Hedge Fund

  • Vice President (18) $520
  • Director/MD (10) $359
  • Portfolio Manager (7) $297
  • Manager (4) $282
  • 3rd+ Year Associate (18) $269
  • 2nd Year Associate (26) $251
  • Engineer/Quant (48) $234
  • 1st Year Associate (63) $188
  • Analysts (180) $168
  • Intern/Summer Associate (15) $125
  • Junior Trader (5) $102
  • Intern/Summer Analyst (200) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.8
5
redever's picture
redever
97.7
6
frgna's picture
frgna
97.6
7
Addinator's picture
Addinator
97.6
8
NuckFuts's picture
NuckFuts
97.5
9
Edifice's picture
Edifice
97.5
10
bolo up's picture
bolo up
97.5