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What is your opinion on SPAC in today's market? (Special Purpose Acquisition Company)
Just got an job offer from a boutique SPAC firm. (Special Purpose Acquisition Company) Also, what are the exit ops for SPAC employees?
Finders fee for SPAC
Hi SPAC gurus, have a question on SPAC for the veterans – what is the industry standard finders fee and how is it structured for securing an acquisition target for a SPAC? Is it % of transaction value (similar to M&A or Equity raise)? Is it cash or stock? what is the appropriate %? Does the SPAC...
determining de-spac prices
Hi all, As the use of SPACs has become more common, I was wondering if anyone has also done a de-spac as a means of cashing out/exiting an investment. How did you determine the prices & what were the considerations you had before executing it. Would appreciate any insights on this. Cheers! Daniel
Do redeeming shareholders in a SPAC get a free lunch?
Consider this situation: A SPAC investor receives 1 warrant and a one unit of common stock in exchange for a $10 investment. The SPAC investor later decides to exercise his redemption option on the unit of common stock, recouping his original $10 investment. However, he gets to keep the 1 warrant....
Will micro spacs ever be a thing?
Some of you might cringe reading this so apologies ahead of time. https://www.bvp.com/news/microacquire-helps-start… Saw this article, basically TLDR Bessemer invested a mint into an online market place for purchasing whole startups, (100% equity). Are we going to start seeing people raising like...
Can a SPAC merge with an already listed company?
Hi Monkeys - I am wondering if it is possible for a SPAC to merge with a company that is already public. The purpose of such a transaction could be a couple of things: existing public company doesn't want to go through the process of a share issuance to raise new cash foreign public company wants to...
How is the de-SPAC post-merger share price determined?
The way I understand it, when a SPAC goes public, it has a certain number of shares outstanding and trades around $10/share until it finds a company to merge with. Once a target company is selected, the SPAC mergers with the target and the target becomes a public company. Similar to an IPO, the...
Understanding SPAC
The extent of my knowledge is that SPACs are useful tools to get a company to go public. I know that they look for "targets" to take public, and they deal with all the outreach and financial structuring. What I don't know is how the deals are actually structured, how they are valued, and what the...
SPAC merger
Is it possible to merge with SPAC for the company, that is just registered? If yes, how to make it happen?
Getting hired at a SPAC
I got a job at a SPAC a few weeks/months ago and thought I'd share a few reflections. It is really lean/light. SPACs have limited working capital that they have to pay for everything (lights, market data, salaries, D&O insurance, etc.) for their search period. So you won't get the Bloomberg...
PWP is Looking to go Public through a SPAC
' Perella Weinberg Partners , the investment bank founded by Joe Perella and Peter Weinberg, is seeking to pursue a long-awaited public listing through merging with a blank-check firm ' (via Bloomberg) Thoughts?
SPACs vs Strategic Buyer
In an acquisition process with a SPAC and a strategic buyer, what do you see as the key differentiators that a strategic buyer can offer a start-up target that a SPAC can't and vice versa? For example - Strategic buyer offers a full cash out at completion vs lock-ins under SPAC process. - More risk...
SPACs
Do most banks have a dedicated SPAC team within IB? Do SPAC teams usually work in tandem with ECM and M&A or do they handle the modeling themselves? What type of exit opps do junior bankers on these teams usually have? Looking at the league tables this year, it seems the BBs have stepped up their...
Which bank has the best SPAC franchise?
SPACs seem to be the hot topic of the month. Which banks have the strongest SPAC franchises and who do you see maintaining that lead moving forward
How do I learn the process of conducting an IPO / SPAC / raising whatever financial vehicle by myself
Hey guys, My question is, say I want to conduct an IPO or a listing through a SPAC and I want to do this by myself without paying an investment bank, how would I go about this and where can I / how should I learn more about the entire process? This is more out of curiosity since I don't really work...
Who actually works at a SPAC?
Just curious, does anyone know of any junior or mid level employees who currently work or have previously worked at an "independent" SPAC like CF Corporation? I'm wondering how people land such gigs and what happens once a deal is in hand. It seems like it would be an interesting experience, but I...
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