From idea to De-SPAC, drive your deal forward with our innovative solutions and expertise. End-to-end software solutions help SPACs (Special Purpose Acquisition Companies) go from startup to business combination. Accelerate your speed-to-success with the powerful, financial ecosystem your team needs to collaborate in real time, avoid risk, raise capital and go public faster. Request a Consultation Select one... SPAC Stages SPAC IPOs De-SPACs De-SPAC Case Study Why DFIN? Insights Experience the ease of working with the proven partner to execute your SPAC with confidence Work the way you want. Discover flexible options and on-demand expertise to minimise risk and reduce overhead at every turn of the transaction. See DFIN's SPAC to De-SPAC Platform Solution. Download PDF Stage 1 Stage 2 Stage 3 Stage 4 SPAC Formation: Power More Efficient Workflows During the lead up to the IPO, effortlessly benchmark against peer disclosures and easily capital raise with secure, streamlined workflows, on-demand analytics and 24/7/365 expert support. EDGAR Pro Leverage the SEC filing data you need to help you make informed decisions. Virtual Data Room to show IPO readiness Quickly and easily set up your virtual data room. Securely organise, share, distribute and safeguard documents to maximise fundraising. Execute the IPO Leverage our purpose-built SEC reporting platform to drive collaboration and speed across all stakeholders — legal, finance and third-party advisors. Draft, review and finalise your IPO documents, successfully list and kick off your road show. SEC Reporting Platform Harness the robust set of streamlined features for quick, real-time collaboration and accurate financial reporting to prepare for your IPO and beyond. Backed by the unparalleled support of DFIN experts, your business will be ready to operate as a public company, including the efficient submission of regular SEC filings. Execute the IPO Rely on our industry-leading experts to provide one-to-one support to accelerate the transaction. We handle the details so you can focus on the future. File16 Allows you to easily prepare and submit your Section 16 filings, Forms 3, 4 and 5. Identify SPAC Targets & Raise Additional Financing Conduct a target search and pursue acquisition opportunities. Perform due diligence, commence negotiation, draft agreements and access additional (PIPE) capital. Virtual Data Room + AI-Driven Due Diligence Built-in AI contract review lets you analyse 50 files in less than a minute, significantly speeding due diligence. Streamline your capital raise and stay ahead of your deal with real-time insights on potential investors. File the Proxy Our proxy advisors help you solicit shareholder approval to seal the deal. Navigate the De-SPAC Transaction & Become a New Operating Entity Leverage our experts and solutions to merge your SPAC with a private, or public company carve-out, and ultimately deliver value to your investors. Complete the Merger Simplify your transaction. DFIN's dedicated specialists assist with every aspect — from providing artificial intelligence used during the diligence process, delivering regulatory expertise and managing the documents to EDGARising, SEC filing and post-merger integration tools. Become a New Operating Entity Rely on DFIN software solutions & expert support to get in front of SEC reporting requirements. Let's talk about your next SPAC Deal Request a Consultation These companies relied on DFIN to seamlessly navigate and deliver results at every stage of the SPAC process. These companies relied on DFIN to seamlessly navigate and deliver results at every stage of the SPAC process. These companies relied on DFIN to seamlessly navigate and deliver results at every stage of the SPAC process. These companies relied on DFIN to seamlessly navigate and deliver results at every stage of the SPAC process. These companies relied on DFIN to seamlessly navigate and deliver results at every stage of the SPAC process. These companies relied on DFIN to seamlessly navigate and deliver results at every stage of the SPAC process. These companies relied on DFIN to seamlessly navigate and deliver results at every stage of the SPAC process. These companies relied on DFIN to seamlessly navigate and deliver results at every stage of the SPAC process. These companies relied on DFIN to seamlessly navigate and deliver results at every stage of the SPAC process. Largest SPAC ever raised! The SPAC was formed by Bill Ackman of Pershing Square targeting "Mature Unicorns." It raised $4 billion in its IPO by offering 200 million units at $20 each in 2020. Listed on the NYSE under ticker PSTH. SPAC IPO $4B Raised $900 million by offering 90 million shares at $10 each in 2021. The SPAC was formed by PE firm Thoma Bravo targeting a software business. Listed on the NYSE under ticker TBA. SPAC IPO $900M Raised $870 million by offering 87 million units at $10 each in 2021. The SPAC was formed by Ares Management targeting a sustainable business. Listed on the NYSE under ticker AAC'U. SPAC IPO $870M Sixth blank check company formed by The Gores Group raised $300 million by offering 30 million units at $10 each in 2020. Listed on the Nasdaq under ticker GHVI. SPAC IPO $300M Beijing-based SPAC formed by CITIC Capital raised $240 million by offering an upsized 24 million units at $10 each in 2020. The SPAC is targeting energy efficiency and technology businesses in China. Listed on the NYSE under ticker CCAC. SPAC IPO $240M Second blank check company formed by Goldman Sachs, raised $700 million by offering 70 million units at $10 each in 2020. Listed on the NYSE under ticker GSAH. SPAC IPO $700M Formed by Starwood Capital founder Barry Sternlicht, raised $600 million by offering 60 million units at $10 each in 2020. Listed on the NYSE under ticker JWS. SPAC IPO $600M The fourth blank check company led by semiconductor veteran Avi Katz, raised $312 million by offering 31.2 million units at $10 each in 2021. The SPAC plans to target businesses in the TMT and sustainable industries with enterprise values larger than $750 million. Listed on the Nasdaq under ticker GIGG. SPAC IPO $312M Formed by UK-based PE firm Investindustrial, raised $350 million by offering 35 million units at $10 each in 2020. The SPAC is targeting the consumer, healthcare, industrial, and tech sectors. Listed on the NYSE under ticker IIAC. SPAC IPO $350M Business Combinations Serviced by DFIN Eliminate vendor management headaches by partnering with the leader for the De-SPACing process. De-SPAC Deal ARYA Sciences Acquisition II sponsored by Perceptive Advisors was acquired by Bain Capital-backed Cerevel Therapeutics in a reverse merger with an enterprise value of $847 million. The Boston, MA-based company dedicated to treating neuroscience diseases is trading on the Nasdaq under ticker CERE. Fortress Value Acquisition sponsored by Fortress Investment Group was acquired by MP Materials in a reverse merger with an enterprise value of $1 billion. The Las Vegas, NV-backed owner and operator of Mountain Pass is trading on NYSE under ticker MP. Gores Metropoulos sponsored by The Gores Group was acquired by Luminar Technologiesin a reverse merger with an enterprise value $2.9 billion. The Orlando, FL-based autonomous vehicle sensor and software company is trading on the Nasdaq under ticker LAZR. Gores Holdings IV sponsored by The Gores Group combined with United Wholesale Mortgage in a reverse merger that valued it at $16.1 billion. This is the largest de-SPAC transaction to date. The Pontiac, MI-based wholesale mortgage lender started trading on the Nasdaq in 2021 under ticker UWMC. Conyers Park II Acquisition was acquired by Leonard Green & Partners and CVC-Capital backed Advantage Solutions in a reverse merger with an enterprise value of $5.2 billion. The Irvine, CA-based provider of outsourced sales and marketing services to consumer goods manufacturers and retailers is trading on the Nasdaq under ticker ADV. + ARYA Sciences & Cerevel Therapeutics + Fortress Value Acquisition & MP Materials + Gores Metropolus & Luminar Technologies + Gores Holdings IV & United Wholesale Mortgage + Conyers Park II & Advantage Solutions De-SPAC Deal ARYA Sciences Acquisition II sponsored by Perceptive Advisors was acquired by Bain Capital-backed Cerevel Therapeutics in a reverse merger with an enterprise value of $847 million. The Boston, MA-based company dedicated to treating neuroscience diseases is trading on the Nasdaq under ticker CERE. Fortress Value Acquisition sponsored by Fortress Investment Group was acquired by MP Materials in a reverse merger with an enterprise value of $1 billion. The Las Vegas, NV-backed owner and operator of Mountain Pass is trading on NYSE under ticker MP. Gores Metropoulos sponsored by The Gores Group was acquired by Luminar Technologiesin a reverse merger with an enterprise value $2.9 billion. The Orlando, FL-based autonomous vehicle sensor and software company is trading on the Nasdaq under ticker LAZR. Gores Holdings IV sponsored by The Gores Group combined with United Wholesale Mortgage in a reverse merger that valued it at $16.1 billion. This is the largest de-SPAC transaction to date. The Pontiac, MI-based wholesale mortgage lender started trading on the Nasdaq in 2021 under ticker UWMC. Conyers Park II Acquisition was acquired by Leonard Green & Partners and CVC-Capital backed Advantage Solutions in a reverse merger with an enterprise value of $5.2 billion. The Irvine, CA-based provider of outsourced sales and marketing services to consumer goods manufacturers and retailers is trading on the Nasdaq under ticker ADV. Case Study Optimise efficiencies so you never miss out on opportunity – like a $230M auto sector SPAC formation See results Get the streamlined efficiency of partnering with one provider. Gain the freedom to focus on what you love: driving growth. When you work with DFIN, you get: Leading-edge software solutions and analytics for every stage of the deal. A dedicated project manager and service team across the globe. Experts to give guidance on pre and post-IPO activities. Domain experts including EDGAR, iXBRL, data room efficiencies — ready to help 24/7/365. Request a Consultation Knowledge Hub Guide From Private to Public: Expert Insights for Foreign Private Issuers Pursuing U.S. Public Listing in 2024 and Beyond March 2024 View guide Blog Third-Quarter Earnings Results Highlight DFIN’s Software Strengths November 2023 | Craig Clay View blog Blog DFIN’s 2Q Earnings Demonstrate Software’s Continued Strength August 2023 | Craig Clay View blog Blog DFIN Software Excels Amid Economic Headwinds May 2023 | Craig Clay View blog Blog DFIN’s Earnings Report Spotlights Software Transformation February 2023 | Craig Clay View blog Knowledge Resources How to Take a Company Public February 2023 View resource Video Podcast Mergers & Acquisitions: The Bedroom vs. the Bullpen by Justin Nowicki, Director of Business Intelligence, DFIN September 2022 Watch Podcast Article Luke Marshall Quoted in "Does The SPAC Have a Future in Biopharma?" August 2022 | Luke Marshall Read article Blog Software Success Leads DFIN’s Excellent Quarter August 2022 | Craig Clay View blog Video Podcast EMEA and Key Opportunities Around VDR with Anthony Sharratt, DFIN's Head of Venue, EMEA July 2022 Watch Podcast Video Podcast The State of SPACs with Craig Clay, DFIN's President of Global Capital Markets July 2022 Watch Podcast Video Podcast DFIN Road to Transformation with Dan Leib, DFIN’s President and CEO June 2022 Watch Podcast Video Podcast The Impact of Current Events on Public and Private Markets with Craig Clay, DFIN’s President of Global Capital Markets June 2022 Watch Podcast Blog Calibrate SPACs…or Stop in Their Tracks? SEC Proposes Rules to Enhance Disclosure Relating to SPACs April 2022 | Craig Clay View blog Blog The Road to Private March 2022 | Craig Clay View blog Blog Asia Market Update: Hong Kong’s and Singapore’s New Listing Regime for SPACs March 2022 | Peter McMillan View blog Press Release Winter Edition of DFIN DealMaker Meter Forecasts Robust Acquisition Activity in Telecom, Media, and Technology Sectors January 2022 Read press release Blog After a Record-Setting Year, DFIN Optimistic for 2022 January 2022 | Craig Clay View blog Video Podcast Life Sciences in the Century of Biosciences | The Insider December 2021 | Gregg Beloff Watch Podcast Blog FCA Announces Changes to the Listing Rules October 2021 View blog