1-Day Program

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This program provides a comprehensive examination and review of current developments for special purpose acquisition companies (SPACs) and the various business, legal, SEC reporting and accounting considerations that must be addressed in each phase of the SPAC’s finite, but fast paced and complex life cycle.  Discussion will begin with an overview of current developments in how SPAC transactions are used as a vehicle for private companies to raise capital and become publicly traded.  Current challenges in the SPAC process, including recent SEC focus areas and rulemaking as well as the pros and cons of a SPAC transaction versus a traditional IPO will be reviewed.  Discussion will then proceed through the life cycle of a SPAC, starting with the SPAC’s sponsors and their formation of the SPAC legal entity, which is essentially a shell corporation with no operations. This shell corporation becomes a public company via the SEC registration process.  It then searches for and merges with a private company acquisition target, resulting in the acquisition target becoming a publicly traded company.  Our expert faculty will address the various legal, accounting and SEC reporting challenges in each phase of this unique life cycle.

What You Will Learn

After completing this Workshop, participants will be able to:

  • Understand each phase in the SPAC life cycle
  • Deal with current developments in the SPAC process, including SEC rulemaking and guidance
  • Review legal and financial reporting issues in SPAC formation
  • Address the issues in the process of liquidating a SPAC that does not find a target
  • Enumerate accounting and SEC reporting considerations throughout the SPAC life cycle
  • Understand the issues in identification of an acquisition target and a de-SPACing transaction
  • Discuss litigation and SEC enforcement developments for SPACs

Credit Details

Schedule & Location