Special Purpose Acquisition Companies (SPACs) have become an increasingly popular and effective alternative to the traditional IPO for privately held companies to go public.
With this increased popularity of SPACs, administrators have had to evolve to include admin services for these vehicles. Many administrators are now offering products specifically tailored to SPACs to include services like SPAC and management team set up, preparing and filing the certificate of formation/incorporation, helping set up a trust or escrow account for the company to ultimately go public, and preparing audits and financial statements.
Very generally, SPACs raise . . .
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