SPAC and De-SPAC Transaction Solutions
DFIN’s end-to-end SPAC (Special Purpose Acquisition Companies) 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.
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 comprehensive SPAC transaction lifecycle support, with access to experienced professionals, flexibility to meet deal-specific demands and workflow enhancements through our proprietary platforms and global help capabilities. Our SPAC services come together to ensure deals get done faster, with more precision and with fewer compliance concerns.
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 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 organize, share, distribute, and safeguard documents to maximize 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 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 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 p the due diligence process. Streamline capital raising and stay ahead of deal making 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
Merge your SPAC with a private or public company carve-out while delivering 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 EDGARizing, SEC filing and post-merger integration tools.
Become a New Operating Entity
DFIN’s SPAC reporting solutions & expert support helps you stay ahead of SEC reporting requirements.
Let's talk about your
next SPAC Deal
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
Optimize efficiencies so you never miss out on opportunity – like a $230M auto sector SPAC formation See results
Knowledge Hub
How DFIN Transformed PropertyGuru’s Financial Reporting Processes to Enable Better Control and Drive Cost Efficiencies
From Private to Public: Expert Insights for Foreign Private Issuers Pursuing U.S. Public Listing in 2024 and Beyond
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 for full transparency and regulatory compliance.
IPO
Accelerate your IPO process with our leading-edge technology-based software and expertise. Our experts will help you successfully navigate deal execution intricacies, maximize value and prepare for life as a public company.
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.