In the last two years, Special Purpose Acquisition Companies (SPACs) have overtaken the initial public offering (IPO) as the predominant route for private companies to go public, comprising
58% of total US IPOs{: target="_blank" rel="noopener noreferrer"} in the first half of 2021.
As the popularity of SPACs continues to sweep the investment world, it is important for potential SPAC stakeholders to understand the importance of prioritizing Sarbanes-Oxley (SOX) readiness when facing significantly accelerated SPAC timelines.
A typical SPAC lifecycle and timeline.
Differences between SPAC IPOs and Traditional IPOs.
Importance of considering SOX readiness ahead of a SPAC merger.
6 leading practices for SPAC targets to prepare for SOX.