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.
At the SPAC of Dawn The commercial space race has been heating up on a number of fronts in 2024. SpaceX successfully landed its reusable Starship heavy booster rocket this week in an advancement that could open the door to more frequent and much cheaper large space missions. Already, SpaceX’s market share of launches had...
At the SPAC of Dawn With just weeks to go before the US presidential elections, SPACInsider will be examining many of the potential shifts in policy that could have implications for SPACs depending on the results. Another potential post-election shift could come at the SEC, where current Chairman Garry Gensler appears likely to stay on...
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...
At the SPAC of Dawn Trump Media (NASDAQ:DJT) is back on a tear, rising +18.5% in yesterday’s trading and a further +8% in the pre-market. This brings it above $32 for the first time since July and could reflect optimism about Donald Trump’s presidential bid, enthusiasm for the company’s new web-streaming Truth+ TV service (see...
At the SPAC of Dawn Today kicks off with an SEC holiday that may cool activity until Tuesday, but SPACs have still scheduled a pair of extension votes and completion votes this week, most of which are scheduled for tomorrow. Tuesday is also to play host to a vote for Investcorp India (NASDAQ:IVCA) shareholders to...