SPAC and De-SPAC Transaction Solutions

DFIN's end-to-end SPAC transaction solutions assist companies through the entire process, from launching a SPAC to finalizing the De-SPAC process by merging with a private company. Accelerate your speed-to-success with the powerful, financial ecosystem your team needs to collaborate in real time, avoid regulatory risk, raise capital, and go public faster thanks to our SPAC reporting software.

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SPAC Stages SPAC IPOs De-SPACs Why DFIN? Insights
SPAC/DE-Spac Platform

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 minimize risk and reduce overhead at every turn of the transaction. DFIN gives you a single secure ecosystem with comprehensive SPAC transaction lifecycle support. You’ll gain access to experienced professionals, flexibility to meet deal-specific demands and workflow enhancements including real-time deal collaboration as well as AI-enabled diligence and financial reporting. Our services help you file SPAC with the SEC, ensuring deals get done faster, with more precision and with fewer compliance concerns.   

See DFIN's SPAC to De-SPAC Platform Solution.

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SPAC Formation: Power More Efficient Workflows

As you begin your IPO journey, effortlessly benchmark against peer disclosures, while easily raising capital via secure, streamlined workflows, on-demand SPAC analytics, and 24/7/365 expert support. DFIN makes it easier to collaborate across legal teams, bankers, and sponsors with virtual deal rooms that support compliance and audit readiness. 

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 organize, share, distribute, and safeguard documents to maximize fundraising.

Execute the IPO

Leverage our purpose-built SEC reporting platform to drive collaboration and enhance speed to filing across all stakeholders — legal, finance and third-party advisors. Draft, review and finalize your IPO documents to 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 SPAC IPO and beyond. Backed by the unparalleled support of DFIN experts, your business will be ready to operate as a public company, including efficiently submitting regular SEC filings.

Execute the IPO

Rely on our industry-leading experts to provide one-on-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 analyze 50 files in less than a minute, significantly speeding up the due diligence process. Streamline capital raising and stay ahead of deal making with real-time insights on potential investors. Integrating investor communications and data room collaboration leads to faster diligence and reduced deal risk. 

File the Proxy Statement

Our proxy advisors help you solicit shareholder approval to seal the deal.

Navigate the De-SPAC Transaction & Become a New Operating Entity

Merge your SPAC with a private or public company carve-out while delivering value to your investors. DFIN’s SPAC solutions provide you with the post-merger transition support you need, including enhanced synergy between diligence, reporting, and integration. 

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 EDGARizing, SEC filing and post-merger integration tools.

Become a New Operating Entity

DFIN’s SPAC SEC reporting solutions & expert support helps you stay ahead of SEC reporting requirements.

Let’s talk about your
next SPAC Deal

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These companies relied on DFIN to seamlessly navigate and deliver results at every stage of the SPAC process.

SPAC IPO
$4B

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
SPAC IPO
$900M

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
SPAC IPO
$870M

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
SPAC IPO
$300M

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
SPAC IPO
$240M

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
SPAC IPO
$700M

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
SPAC IPO
$600M

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
SPAC IPO
$312M

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
SPAC IPO
$350M

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

Business Combinations Serviced by DFIN

Eliminate vendor management headaches by partnering with the leader for the De-SPACing process.

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ARYA Sciences & Cerevel Therapeutics

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.

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Fortress Value Acquisition & MP Materials

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.

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Gores Metropolus & Luminar Technologies

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.

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Gores Holdings IV & United Wholesale Mortgage

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.

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Conyers Park II & Advantage

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.

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:

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Leading-edge SPAC software solutions and analytics for every stage of the deal.

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A dedicated project manager and service team.

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Experts to give guidance on pre-and post-IPO activities.

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Domain experts including EDGAR and iXBRL — ready to help 24/7/365.

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DFIN provides the latest technology, insightful SPAC data and industry expertise to clients throughout the world. We’re an industry leader in SPAC consulting insights, leadership and guidance.

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Continue building your perfect tech stack

Virtual Data Room

Safeguard and share your most sensitive documents with all your shareholders. Easy-to-use, secure software includes privacy scans, contract analytics and multi-file redaction.

Safeguard and share your most sensitive documents with all your shareholders. Easy-to-use, secure software includes privacy scans, contract analytics and multi-file redaction.

Learn more

IPO

Accelerate your IPO process with leading-edge technology-based software and expertise. Successfully navigate deal execution intricacies, maximize value and prepare for life as a public company.

Accelerate your IPO process with leading-edge technology-based software and expertise. Successfully navigate deal execution intricacies, maximize value and prepare for life as a public company.

Learn more

Financial Reporting

Take the complexities out of regulatory reporting. Seamless integration, simple onboarding, Microsoft Office compatibility and all the tools you need for fast, secure filings.

Take the complexities out of regulatory reporting. Seamless integration, simple onboarding, Microsoft Office compatibility and all the tools you need for fast, secure filings.

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Guides, Reports & White Papers

DFIN's IPO & Public Listing Report - Q1 2026 Edition

April 01, 2026

IPO Public Listing Report Thumbnail
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Guides, Reports & White Papers

What is Investor Relations And What is Its Significance?

October 22, 2025 | Priya Modi

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What is a Special Purpose Acquisition Company (SPAC)?

September 18, 2025

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Deals, Diligence, and Dry Powder: What to Watch in the Second Half of 2025

July 31, 2025

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Blogs

SEC’s New SPAC Rule Requires iXBRL Tagging by June 30, 2025 — Are You Ready?

June 09, 2025 | Marcie Clark

SEC’s New SPAC Rule Requires iXBRL Tagging by June 30, 2025 — Are You Ready?
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Videos

How DFIN Transformed PropertyGuru’s Financial Reporting Processes to Enable Better Control and Drive Cost Efficiencies

April 18, 2025

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Blogs

SEC Issues New Guidance Accommodating Nonpublic Draft Submissions—What it Means for You

March 10, 2025

SEC Issues New Guidance Accommodating Nonpublic Draft Submissions—What it Means for You
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Five SEC Rules to Watch in 2024

April 02, 2024

Five SEC Rules to Watch in 2024 - Card
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From Private to Public: Expert Insights for Foreign Private Issuers Pursuing U.S. Public Listing in 2024 and Beyond

March 19, 2024

From Private to Public: Expert Insights for Foreign Private Issuers Pursuing U.S. - Card
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Guides, Reports & White Papers

Driving Fundraising Readiness – A Practical Guide by Experienced Investors

November 01, 2023

Driving Fundraising Readiness – A Practical Guide by Experienced Investors
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Blogs

Listing in America. Why More European Companies May List in the U.S.

May 03, 2023 | Craig Clay

Listing in America - Social
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Videos

DFIN and Force Management Command Center

April 17, 2023 | Craig Clay

Force Management Command Center - Social
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Videos

DFIN's Digital Transformation and How Force Management Platform Assists with Sales

April 14, 2023 | Craig Clay

Digital Transformation and how Force Management Platform Assists with Sales - Social
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Blogs

Breaking Down Hong Kong’s New Specialist Technology Company Listing Rules

March 28, 2023 | David Birch

Breaking Down Hong Kong’s - Card
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Guides, Reports & White Papers

How to Take a Company Public

October 26, 2022

How To Take A Company Public Card
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Articles

Luke Marshall Quoted in "Does The SPAC Have a Future in Biopharma?"

August 26, 2022

Luke Marshall Quoted in "Does The SPAC Have a Future in Biopharma?"
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Videos

DFIN Road to Transformation with Dan Leib, DFIN’s President and CEO

June 16, 2022

DFIN Road to Transformation with Dan Leib, DFIN’s President and CEO
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Videos

The Impact of Current Events on Public and Private Markets with Craig Clay, DFIN’s President of Global Capital Markets

June 10, 2022

The Impact of Current Events on Public and Private Markets with Craig Clay, DFIN’s President of Global Capital Markets
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Blogs

Calibrate SPACs…or Stop in Their Tracks? SEC Proposes Rules to Enhance Disclosure Relating to SPACs

March 31, 2022 | Craig Clay

Calibrate SPACs…or Stop in Their Tracks? SEC Proposes Rules to Enhance Disclosure Relating to SPACs
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Blogs

The Road to Private

March 16, 2022 | Craig Clay

The Road to Private
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