This book is based on the author's dissertation submitted in 2017 as part of his LLM degree in Commercial and Corporate Law at Queen Mary University of London. Special Purpose Acquisition Companies, typically known in the marketplace as 'SPACs', are innovative investment vehicles providing financial resources for M&A transactions from capital markets. The past two years have seen the US SPACs explode in popularity to such a degree that they substantially surpass traditional IPOs in 2021 representing almost