Special purpose acquisition companies (SPACs) offer an alternative path to the IPO when taking a company public. Below, we’ll answer the question, “What is a special purpose entity?” along with covering the SPAC process and why more business leaders are choosing this option when taking their companies public in the present market.

Mergers and acquisitions promise to create value for the business, but they are only truly successful when there is an integration practice after the fact. Bringing together two distinct organisations often means there are cultural and operational differences that must be overcome to prevent friction and get the newly formed enterprise off on the right foot. With the right processes in place, companies undergoing a merger can ensure a smooth transition into the future, avoid unnecessary complications and maintain a high level of morale among the rank-and-file. 

A white paper on the European Single Electronic Format.

Beginning January 2020, the European Union regulated issuers will be required to prepare their annual reports in compliance with the European Single Electronic Format (ESEF). The European Securities and Markets Authority (ESMA) has determined that iXBRL is the most suitable technology to support ESEF reporting as it enables both machine and human readability in one document. This mandate will standardize the presentation of financial data in annual reports across the EU.

Whether you're a startup in search of capital to expand, a biotech in need of cash to advance their drugs through clinical development, or a portfolio company with investors looking to exit, you have choices. To determine what's best for your business and figure out how to choose an exit strategy, read on.

Business Exit Strategy Types

There are three common exit strategies available for private companies: an initial public offering or IPO, a direct listing, and a reverse merger with SPAC, commonly known as de-SPAC.

A medical device company that provides reconstructive and regenerative orthopedic and spine solutions makes the shift to iXBRL with ActiveDisclosure and discovers ease and efficiency.

The company was already using ActiveDisclosure for financial reporting, so naturally, they turned to DFIN when it came to making the shift to iXBRL. With guidance from the industry’s largest team of iXBRL and SEC experts—and a technology platform already optimized for iXBRL— the move to iXBRL was simple.

Seamless transition