This week, the SPACInsider Podcast delves into some of the tax and accounting issues that SPAC teams should be considering as we approach both the Presidential election and the end of 2024.
Mark Deters and Ryan Bixenman, partners at WithumSmith+Brown, join us to help break it all down.
For example, what does it mean for SPACs searching overseas if Trump enacts a wide range of tariffs? What about the excise tax on SPAC redemptions if Kamala Harris wins and raises it to 4%? Will this result in increased SPAC liquidations before the end of 2024?
Mark and Ryan discuss these considerations and more as we approach the end of the tax year and what further changes might be in store.
Give it a listen.
Horizon Space II (NASDAQ:HPSTU) has filed for a $60 million IPO to be the latest entry in the smaller tier of SPACs and underwriters to put a fresh try in motion. Since August 1, nine of the 17 new SPAC S-1’s have sought less than $200 million in their IPOs and smaller institutions like BTIG...
Flag Ship (NASDAQ:FSHP) has entered into a definitive agreement to combine with optoelectronics firm Great Rich Technologies (KOSDAQ:900290) for undisclosed terms. Great Rich manufacturers polypropylene products for consumer electronics including precision films and coatings for sensitive instruments. The combined company is expected to list American Depositary Shares (ADSs), which will trade on the Nasdaq once...
At the SPAC of Dawn With one new entry in each of the SPAC deal, IPO and new S-1 filing columns, there are revived hopes that the market will regain the pace it had set in August and September. Aldel Financial II Inc.‘s (NASDAQ:ALDFU) IPO slated for today is October’s fourth after September turned out...
Aldel Financial II Inc. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALDFU”, Tuesday, October 22, 2024. The new SPAC plans to combine with an established business of scale with prospects for positive cash flow and the infrastructure to handle being...
Investcorp AI (NASDAQ:IVCA) has advanced to a definitive agreement to combine with software firm Bigtincan (ASX:BTH) at an equity value of $275 million. Sydney, Australia-based Bigtincan provides a software platform for enterprise clients to onboard and optimize employee performance. The combined company is expected to trade on the Nasdaq once the deal is completed in...