FVC2126. Valuation implications related to Special Purpose Acquisition Companies (SPACs) - Non-traditional Public Offerings

This session will focus on unique challenges faced by practitioners in the valuation of equity securities, private warrants, forfeiture shares, earnout shares, forward purchase agreements, founders shares, and other financial instruments of privately held companies on a SPAC exit path.  We will discuss the salient features of these instruments and the appropriate methodologies to value these instruments.  We will also focus on the unique aspects of the common stock valuation preceding the SPAC exit.

Learning Objectives:

• Recognize unique challenges of SPAC related valuations.
• Recognize common financial instruments issued as part of the SPAC transaction.
• Recognize appropriate methodologies to be used in the valuation of private warrants, forfeiture shares, earnout shares, forward purchase agreements, and founders shares.