BAN2110. Merging with a Special Purpose Acquisition Company (SPAC), presented by Grant Thornton

Private companies are increasingly going public through an acquisition by a public special purpose acquisition company (SPAC), rather than through the traditional initial public offering (IPO) route. SPAC transactions can give rise to unique financial reporting and accounting issues.

Learning Objectives:

• Identify risks and benefits to this transaction alternative
• Determine information required in SEC filings for a private operating company being acquired by a SPAC
• Recognize key accounting considerations for the U.S. GAAP financial statements of the combined entity following a SPAC transaction