Over the past three decades, special purpose acquisition companies (SPACs) have been an investment vehicle that has flown generally under the radar. However, from the second half of 2020, through early April of 2021, the number of new SPAC IPOs and related acquisitions increased at a frenzied pace, with more proceeds raised in SPAC IPO’s during this period than the preceding 10 years combined. On April 12, 2021 the SEC issued a statement highlighting that the accounting for SPAC warrants as equity rather than debt may need to be reconsidered. In response, the entire SPAC market was shut down for a period of time. While new SPAC IPOs are raising capital again and existing SPACs are working to close on target acquisitions, will the SPAC market continue with the same accelerated growth?
Schedule: 12:00 p.m. – 01:15 p.m. EDT
Please join us for a discussion of key issues surrounding the SPAC warrant accounting and valuation question, a broader discussion of SPAC valuation issues important to alternative investors, and a view on the future of SPACs as a vehicle for private investors to exit portfolio company investments.
Topics
Speakers
CPE Credit: CPE credit will be provided
Kroll provides valuation and asset appraisal for financial reporting, income tax, investment and risk management purposes.
Heightened regulatory concerns and vigilance, together with increased investor scrutiny, have led to increased demand for independent expert advice.
Kroll specializes in assisting clients with the valuation of alternative investments, specifically securities and positions for which there are no "active market" quotations.
Over the past three decades, special purpose acquisition companies (SPACs) have been an investment vehicle that has flown generally under the radar. However, from the second half of 2020, through early April of 2021, the number of new SPAC IPOs and related acquisitions increased at a frenzied pace, with more proceeds raised in SPAC IPO’s during this period than the preceding 10 years combined. On April 12, 2021 the SEC issued a statement highlighting that the accounting for SPAC warrants as equity rather than debt may need to be reconsidered. In response, the entire SPAC market was shut down for a period of time. While new SPAC IPOs are raising capital again and existing SPACs are working to close on target acquisitions, will the SPAC market continue with the same accelerated growth?
Schedule: 12:00 p.m. – 01:15 p.m. EDT
Please join us for a discussion of key issues surrounding the SPAC warrant accounting and valuation question, a broader discussion of SPAC valuation issues important to alternative investors, and a view on the future of SPACs as a vehicle for private investors to exit portfolio company investments.
Topics
Speakers
CPE Credit: CPE credit will be provided
Kroll provides valuation and asset appraisal for financial reporting, income tax, investment and risk management purposes.
Heightened regulatory concerns and vigilance, together with increased investor scrutiny, have led to increased demand for independent expert advice.
Kroll specializes in assisting clients with the valuation of alternative investments, specifically securities and positions for which there are no "active market" quotations.