Monday, May 23, 2011
Registration and Breakfast
8:00 - 9:00 AM
8:00 - 9:00 AM
Conference Welcome - DOUG ELLENOFF, Ellenoff Grossman & Schole LLP
9:00 - 9:15 AM
9:00 - 9:15 AM
The Structure of 'New' Special Purpose Acquisition Companies
9:15 - 10:10 AM
This discussion focuses on the recent changes in the SPAC structure, including the sponsor's promote shares, the sponsor's warrant investment, the public warrant exercise price, and the tender offer to redeem the public shares in connection with a business combination
MODERATOR: STEVE KAPLAN, Ladenburg Thalmann
PANELISTS: ANDREW GARCIA, Pine River Capital Management; STUART NEUHAUSER, Ellenoff Grossman & Schole; JOEL RUBINSTEIN, McDermott Will & Emery; JEFF SOMERS Rothstein Kass
9:15 - 10:10 AM
This discussion focuses on the recent changes in the SPAC structure, including the sponsor's promote shares, the sponsor's warrant investment, the public warrant exercise price, and the tender offer to redeem the public shares in connection with a business combination
MODERATOR: STEVE KAPLAN, Ladenburg Thalmann
PANELISTS: ANDREW GARCIA, Pine River Capital Management; STUART NEUHAUSER, Ellenoff Grossman & Schole; JOEL RUBINSTEIN, McDermott Will & Emery; JEFF SOMERS Rothstein Kass
The State of the SPAC Market
10:15 - 11:05 AM
This discussion provides a 360 degree perspective on the overall size of the market, the sustainability of the SPAC product, and highlights the recent changes in deal structure that are contributing to the resurgence in popularity of these offerings.
MODERATOR: ANDY LASZLO, Lazard
PANELISTS: PHIL GOLDSTEIN, Bulldog Investors; STEVE NELSON, Continental Stock Transfer; MITCH NUSSBAUM, Loeb & Loeb; ADAM SCHEER, Vantage Investment Advisors
10:15 - 11:05 AM
This discussion provides a 360 degree perspective on the overall size of the market, the sustainability of the SPAC product, and highlights the recent changes in deal structure that are contributing to the resurgence in popularity of these offerings.
MODERATOR: ANDY LASZLO, Lazard
PANELISTS: PHIL GOLDSTEIN, Bulldog Investors; STEVE NELSON, Continental Stock Transfer; MITCH NUSSBAUM, Loeb & Loeb; ADAM SCHEER, Vantage Investment Advisors
Networking Break
11:00 - 11:20 AM
11:00 - 11:20 AM
Foreign Listed Investment Vehicles & Cross Border Transactions: Recent Trends and Predictions
11:25 - 11:45 AM
This presentation explores recent trends with respect to foreign listed vehicles including the recent listing on the London Stock Exchange by Justice Holdings Limited as well as deal structure issues that come up in cross border business combinations.
SPEAKER: KENNETH GERASIMOVICH and BRIAN GAVSIE, Greenberg Traurig
11:25 - 11:45 AM
This presentation explores recent trends with respect to foreign listed vehicles including the recent listing on the London Stock Exchange by Justice Holdings Limited as well as deal structure issues that come up in cross border business combinations.
SPEAKER: KENNETH GERASIMOVICH and BRIAN GAVSIE, Greenberg Traurig
Back to Basics: Targeting Smaller, High-Growth Companies
11:50 - 12:40 PM
With all the recent changes made to SPACs, and more combinations considered likely going forward, this panel addresses how looking toward smaller, high-growth companies may still be your best option.
MODERATOR: RICK MOSELEY, LLM Capital Partners LLC
PANELISTS: STEVE COHEN, Alta Partners; STEVE LEVINE, EarlyBird Capital; TINA PAPPAS, Morgan Joseph
11:50 - 12:40 PM
With all the recent changes made to SPACs, and more combinations considered likely going forward, this panel addresses how looking toward smaller, high-growth companies may still be your best option.
MODERATOR: RICK MOSELEY, LLM Capital Partners LLC
PANELISTS: STEVE COHEN, Alta Partners; STEVE LEVINE, EarlyBird Capital; TINA PAPPAS, Morgan Joseph
Networking Luncheon
12:45 - 1:45 PM
12:45 - 1:45 PM
Why SPACs Continue to be Attractive to Private Equity Firms & Their Portfolio Companies
1:50 - 2:40 PM
With the new structure now gaining market traction, many PE firms and their portfolio companies are looking at this as another viable route to liquidity. This panel examines how changes to the SPAC product can benefit PE firms and portfolio companies going forward.
MODERATOR: DAVID BUKZIN, Marcum
PANELISTS: DAVID BATALION, Cohen & Company; KEVIN KELLY, Morrow & Co.
1:50 - 2:40 PM
With the new structure now gaining market traction, many PE firms and their portfolio companies are looking at this as another viable route to liquidity. This panel examines how changes to the SPAC product can benefit PE firms and portfolio companies going forward.
MODERATOR: DAVID BUKZIN, Marcum
PANELISTS: DAVID BATALION, Cohen & Company; KEVIN KELLY, Morrow & Co.
The SPAC Sponsor's Roundtable
2:45 - 3:35 PM
This roundtable discussion brings together recent sponsors of SPAC transactions as they look at how the marketplace has changed, specifically for deal sponsors, and how they plan to go about getting a merger combination completed.
MODERATOR: DOUG ELLENOFF, Ellenoff Grossman & Schole
PANELISTS: MARK KLEIN, 57th Street Acquisition Corp.; CHRISTINA VEST, Hicks Acquisition Corp.
2:45 - 3:35 PM
This roundtable discussion brings together recent sponsors of SPAC transactions as they look at how the marketplace has changed, specifically for deal sponsors, and how they plan to go about getting a merger combination completed.
MODERATOR: DOUG ELLENOFF, Ellenoff Grossman & Schole
PANELISTS: MARK KLEIN, 57th Street Acquisition Corp.; CHRISTINA VEST, Hicks Acquisition Corp.
Investment Banks and the Marketing of IPOs
3:40 - 4:30 PM
This group of investment bankers looks at their ideal transaction targets, the impact of IPO roadshows, issues relating to distribution to retail vs. institutional investors, and how much investor risk is needed to boost the chances of launching a solid deal.
MODERATOR: ANTHONY THALMAN, BNY Mellon
PANELISTS: ROB BERGER, Iron Hills Advisors; ARNIE URSANER, CJS Securities
3:40 - 4:30 PM
This group of investment bankers looks at their ideal transaction targets, the impact of IPO roadshows, issues relating to distribution to retail vs. institutional investors, and how much investor risk is needed to boost the chances of launching a solid deal.
MODERATOR: ANTHONY THALMAN, BNY Mellon
PANELISTS: ROB BERGER, Iron Hills Advisors; ARNIE URSANER, CJS Securities
Closing Remarks
4:30 PM
4:30 PM
Cocktail Reception - Sponsored by Rothstein Kass
4:45 - 6:15 PM
4:45 - 6:15 PM
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