In this timely academic piece by Maria Lucia Passador, “In Vogue Again: The Re-Rise of SPACs in the IPO Market,” the case is made that SPACs in the US will continue their growth in the capital markets and should “update and evolve for good” despite the recent increase in litigation and resultant increase in D&O insurance costs. The article also examines the use of PIPEs as guarantors of SPAC transactions. In other words, as Passador wryly suggests, SPACs are more than a simple fad utilized during the pandemic – as if they were “Charon ferrying markets through the darkest of waters” (you know, the ferryman of Hades who transported the souls of the dead across the river Styx) – but based on pre-pandemic trendlines they are here to stay.