SPACS as an instrument of beneficial change in corporate governance, aimed at company growth: The first Italian insurtech-based insurance company

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Abstact

The paper begins with the definition of the concept of SPAC (“Special Purpose Acquisition Companies”), as a corporate vehicles constituted with the objective to carry out after raising capital an investment in one or more existing operating companies (“target company”). We focus on the peculiar aspects of the SPAC as an instrument of beneficial change in corporate governance, aimed at company growth. Therefore, a summary picture of the situation of the SPACs in the Italian context is provided, proceeding, finally, to the analysis of the case of NET SPA, the first insurtech based Italian insurance company, created through the SPAC tool.

Keywords: SPAC (Special Purpose Acquisition Company), Corporate Governance, Target Company, Insurtech

JEL Classification: G32, G34

Received: 26.07.2019
Accepted: 05.08.2019

How to cite: Sanguigni, V. (2019). SPACS as an instrument of beneficial change in corporate governance, aimed at company growth: The first Italian insurtech-based insurance company. In S. Esposito De Falco, F. Alvino, & A. Kostyuk (Eds.), New challenges in corporate governance: Theory and practice (pp. 180-189). https://doi.org/10.22495/ncpr_34