SPAC Resource Center

Special Purpose Acquisition Companies

 

As an alternative to a traditional IPO, a special purpose acquisition company (SPAC) can offer private businesses a compelling opportunity and an express path to go public. While SPAC IPOs are seeing tremendous growth, they require thoughtful preparation to meet strict public company reporting and controls requirements. MFA’s SPAC Resource Center contains helpful insights and recommendations for companies navigating the SPAC landscape and seeking strategic guidance in the disciplines of tax, audit, risk advisory and more.

 

 

SPAC Updates & Insights

 

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How We Can Help
Rushing through the SPAC process without the right expertise can put a successful outcome at risk, not to mention loss of funding and reputation among supportive investors. Companies should ensure they have trustworthy and experienced advisors in place for a smooth transaction.

MFA’s SPAC Advisory Team is comprised of leaders across tax, audit, accounting, valuation, risk advisory and other practices to ensure customers have access to comprehensive, seasoned expertise to support their objectives.
Tax Planning & Compliance
• Corporate Tax Planning & Compliance
• Partnership Tax Planning & Compliance
• Tax Provisions
• Individual Tax Planning & Compliance
Audit & Assurance
• Public Company Financial Statement Audit
• Quarterly Financial Statement Reviews
• Back Audits to PCAOB Standards
• Stock-based Compensation
• Purchase Price Allocation
• Goodwill/Intangible Asset Impairment
• Derivatives & Hedging
• Fair Value Measurement
• Pricing Analysis for Cash Flow Based Lending
• Personal and Enterprise Goodwill Allocation
• Shareholder Buy/Sell Arrangements
• Intangible Asset Acquisition
• Warrants Valuation
• Complex Accounting Assistance
• PCAOB Audit Readiness & Support
• Financial Statement Preparation (SEC & PCAOB)
• S-1 or S-4 Registration Filing Preparation Assistance
• Proxy Statement Preparation Assistance
• 8-K Filing(s) Preparation Assistance
• Pre-Transaction Internal Controls Documentation and Assessment
• Sarbanes-Oxley (SOX) 404a Readiness and Compliance
• IT Control Assessment
• Entity-Level Control Assessment
• Internal Audit
• Enterprise Risk Management
• Cybersecurity
• Financial Statement Preparation & Review
• Accounting Services (e.g. bank and payroll reconciliations, point-of-sale activity, etc.)
• Outsourced CFO Services
• Financial and Retirement Planning
• Wealth Risk Management
• Estate Planning
• C-Suite Wealth Advisory
Other Advisory Services
• Succession Planning
• Buy- and Sell-Side Advisory
• Litigation Support

MFA's SPAC Advisory Team

 

Whitepaper:

Business, Accounting & Tax Considerations for Special Purpose Acquisition Companies

Although the COVID-19 pandemic has caused significant economic hardship for many businesses, SPAC deals have seen a resurgence and are accelerating at a record-breaking pace. For investors, the potential for returns are higher than ever given the access to capital, low interest rates, and the ability to move quickly to close an acquisition. This provides target companies with the potential to grow exponentially despite the economic downturn as companies seek access to additional capital.

Although SPACs provide several advantages to going public, notably in terms of timing and cost, they are not without risk.

In this whitepaper, we’ll examine the SPAC trend and its advantages as well as relevant accounting and tax considerations for SPACs to bear in mind as they navigate this express path.

 

Complete the form below to download our whitepaper:

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Let’s Connect

MFA can assist both SPAC sponsors and target companies in tackling accounting complexities, complying with regulatory requirements and addressing other matters critical to your SPAC’s success. Please connect with our team to discuss your unique needs and goals.

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