NightDragon launches $300M SPAC with stakeholder structure
March 3, 2021
Venture capital firm NightDragon has raised $300 million for a blank-check company that will target the cybersecurity sector. NightDragon Acquisition has adopted a structure called "stakeholder-centered aligned listed equity," which ties the SPAC sponsor's compensation to the performance of the target company it will acquire. The blank-check company's chairman is David DeWalt, the former CEO of cybersecurity companies FireEye and McAfee.