Why & When SPAC?

A superior financial instrument

TIMING AND CERTAINTY

Fast timing
For most companies, public ownership through a SPAC can be  achieved multiple quarters earlier than through an IPO

Deal certainty
Raising PIPEs through TTW process provides closing certainty  and transaction endorsement by prominent public market  investors

FLEXIBLE DEAL STRUCTURING
Structural flexibility
SPAC cash and additional capital raised through PIPEs can be  allocated to balance sheet or upfront investor liquidity

Earnout features reduce dilution
Transactions can provide for significant additional shares to be  provided to initial company investors based on stock price  performance
INVESTOR MARKETING

Comprehensive company positioning
SPAC Mergers provide merger level disclosure, which is more  extensive than in IPOs and enables management to more  fully disclose financial projections and growth strategies

Extensive pre-marketing
Confidential “Testing the Waters” investor meetings validate  pricing and structure

PUBLIC MARKET SPONSORSHIP
Traditional public investor ownership
Data show number of research analysts and quality of institutional shareholder base are comparable to those of  IPO’d companies

Partnership with SPAC sponsor to deliver long-  term value
Partner with experienced SPAC management team that are operators to drive upside in the public markets

Want to Learn More?

Does your company fit a SPAC combination?