With more than 400 Special Purpose Acquisition Companies (SPACs) currently searching for an acquisition target, it is expected that many de-SPAC transactions will occur over the course of 2021 and 2022. These newly public companies will have many important considerations as they begin their transition to public company status. Among these important considerations are the approach, structure, and details related to the de-SPAC D&O program. Several complexities are inherent to the Directors’ & Officers’ Liability (D&O) Insurance placement. This Aon Client Alert provides a summary of key considerations for our clients.