ME CPA Advocacy & Action published a primer on special purpose acquisition companies by Assurance Partner Dan Roach.
ME CPA Advocacy & Action
By Daniel Roach, CPA, Partner, Assurance Services
Implications for SPAC investors depend on the occurrence of a transaction. If no SPAC deal is closed, investors’ capital is returned after two years. If a SPAC deal is closed, performance of the resulting operating company’s stock determines investors’ returns.