What is the SPAC environment in Japan, especially in relation to
food and agriculture? Tokyo Corporate Partners Jeremy White and
Mitsutoshi Uchida, along with Mitchell Presser, Global Corporate
Co-Chair and Co-Chair of the Food and Agriculture Industry Group,
who also co-leads the SPAC practice, delved into this topic at the
Global AgInvesting Asia conference.
Despite Japan not having a SPAC listing system or active de-SPAC
market to date, Japanese regulators have recognized the potential
benefits of SPACs and have started discussing introducing SPACs in
Japan as a tool to promote and expand start-up ventures.
They illustrated the potential demand in the de-SPAC market, of
which agriculture investments could be target candidates, outlining
local hurdles for U.S. SPACs to merge with Japanese companies and
how the benefits of a de-SPAC transaction could outweigh the
related costs.
