Having been an infrequently used option for companies to go public for decades, 2020 was a banner year for special purpose acquisition company (SPAC) IPOs. According to SPACInsider, there were 248 IPOs announced with gross proceeds totaling more than $80 billion in 2020. The trend also seems to be accelerating into 2021 with over $83 billion in gross proceeds raised and more than 250 IPOs announced as of March 15, 2021.
With recent success and the requisite attention that comes along with it, many private operating companies and investors are utilizing SPACs to raise capital as opposed to traditional IPOs or other financing tools. Companies considering a SPAC as a way to go public are not only determining which investment bank, legal team or auditing firm they will partner with, but the best teams are also aligning with an investor relations firm that will ensure the proper investment narrative is communicated to market stakeholders.
If you are looking for unparalleled investor relations expertise to develop and execute a SPAC strategy, or simply counsel on what your next step should be, Lambert & Co. stands ready to help. Additionally, our team is able to navigate the complex legal and regulatory framework along with your legal team thanks to our in-house General Counsel and former securities litigator Jordan Custer.
Contact us today.