You have been hearing a lot about special-purpose acquisition companies (SPACs). And you have probably started to consider whether a merger with a SPAC might be the best next move for your private company. But there is also a lot of hype; understanding all of the benefits—and the unexpected risks and complexities—will be critical.
In this edition of Privately Speaking, we take a private company view of the SPAC markets to help identify some of the key opportunities and challenges of this rapidly evolving route to public markets.
From Day One, you will need the systems to support timely SEC filings, internal management reporting (which is the basis of the MD&A and earnings calls), operational metrics (e.g., key performance indicators), and data analytics.
Privately Speaking Series
Privately Speaking tackles the issues that privately-held entities, including private equity- and venture capital-backed companies, care about most. In each edition, we share insights, as well as practical, actionable tips to help boards and executive management grow, strengthen, and transition their privately-held businesses.
Whether your company is starting out and growing or strengthening and transitioning, this series promises to explore ways to help companies be successful at any stage of the business lifecycle.