Michelle Bai represents public and private companies, private investment funds and other financial institutions in domestic and cross-border transactions across a variety of industries. Michelle has experience in a broad range of corporate and capital markets transactions, including mergers and acquisitions, debt and equity financings, public and private securities offerings, restructurings and corporate governance. She has counseled clients across various stages of the business cycle, from incorporation and initial public offerings through sales, divestitures and business combinations, as well as on general corporate and securities law matters.



Columbia Law School (J.D., 2017)

Harlan Fiske Stone Scholar

Wellesley College (B.A., magna cum laude, 2014)

Bar Admissions

2018, New York


Mandarin (Conversational)


SEC Enforcement Action Against SPAC, Sponsor, Merger Target, and CEOs for Misleading Statements

July 23, 2021

Background On July 13, 2021, the U.S. Securities and Exchange Commission (the “SEC”) filed an administrative enforcement action and announced a settlement with Stable Road Acquisition Corp. (“Stable Road”), a special purpose acquisition company (“SPAC”); SRC-NI Holdings, LLC, Stable Road’s sponsor (the “Sponsor”); Brian Kabot, Stable Road’s Chief Executive Officer and the Sponsor’s managing member (“Kabot”);…