How to Achieve SPAC Success?
Special Purpose Acquisition Companies, or SPACs, have seen a resurgence in popularity since becoming all but extinct after the 2007-2008 financial crisis. These publicly-traded companies are formed with the sole purpose of raising capital to acquire one or more unspecified businesses. The management team that forms the SPAC (the “sponsor”) forms the entity and funds the offering expenses in exchange for founder’s shares.
Although the COVID-19 pandemic has caused significant economic hardship for most, SPAC deals have accelerated at record-breaking pace. For investors, SPACs are low risk as they can recoup finances, and the potential for returns are higher than ever given the access to capital, low interest rates, and the ability to move quickly to close an acquisition. This provides target companies with the potential to grow exponentially despite the economic downturn as companies seek access to additional capital.
BDO is dedicated to helping both sponsors and target companies navigate going public through Special Purpose Acquisition Companies. In the webinar, we will touch on the following topics and also discuss any questions the audience may have.
- What is a SPAC (special purpose acquisition company) and why are SPACs so popular?
- How are SPACs different from a traditional IPO?
- SPAC Readiness Assessment – Why is it important?
- What is PIPE (private investment in public entity) and why is it usually part of a SPAC
4:00 PM – 5:00 PM Greeting and Presentation
5:00 pm – 5:30 PM Networking
Registration closes April 20th at 2:00 PM
One (1.0) CPE credit available. Field of Study: TBA
FEI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Questions regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website, www.NASBARegistry.org.