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September 2, 2020
2020-2165

Wednesday, September 23 | Special purpose acquisition companies (SPACs): A popular alternative path to the public markets (11 am ET)

Over the last several years, and particularly over the last several months, the market for SPACs has grown and matured significantly. This has opened a viable alternative and expedited path for private companies to access the public markets. SPAC initial public offerings (IPOs) have generated more than $10 billion of proceeds each year since 2017, a milestone not seen since before the financial crisis of 2007 and 2008.

During this webcast, we will review the latest trends driving this rise in SPAC transactions. We'll also cover the basics of executing a SPAC, with key perspectives from our experienced financial accounting, tax and capital markets professionals. Topics will include:

  • SPAC history and latest trends: why now?
    • Challenges to accessing capital in today's landscape
    • Overview and benefits of a SPAC
  • How to get it done: critical success factors
    • Key concepts and typical corporate structure options
    • Pre- and post-SPAC IPO considerations
    • SPAC IPO timing and preparation
  • Initial business combination or de-SPAC basics
    • Financial accounting and tax considerations
    • Proxy statement process
  • Key takeaways for private companies considering a SPAC

Date: Wednesday, 23 September 2020

Time: 11:00 a.m.-12:00 p.m. EDT New York; 8:00-9:00 a.m. PDT Los Angeles

Registration: View archive here.

Panelists

Karim Anani, EY Americas Financial Accounting Advisory Services Transactions Leader; SPAC Co-Leader

Alex Zuluaga, Partner, Financial Accounting Advisory Services Transactions, Ernst & Young LLP; SPAC Co-Leader

Mark Schwartz, Managing Director, Capital Markets Advisory, Ernst & Young Capital Advisors, LLC

Christopher Lallo, Partner, International Tax and Transaction Services, Ernst & Young LLP

Moderator

Jackie Kelley, EY Americas IPOs and Strategic Transactions Leader

CPE credit offered: 1.2. Recommended field of study: Taxes. Learning objective: Discuss special purpose acquisition companies (SPACs), including relevant market trends and basics of execution. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

Learn about and register for Thought Center webcasts

You can learn about and register for any Thought Center webcast here.

 

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