SPAC Transactions: The Players and the Paper: Part I

2020 was a record-breaking year for Special Purpose Acquisition Company (SPAC) transactions, with over 240 completed SPAC IPOs, raising total gross proceeds of approximately $75 billion. The trend has continued into 2021 with over 350 IPOs completed so far this year, with no apparent let-up in sight.In this episode of the Drawdown, hosted by Cherry Bekaert’s Cameron Smith, Business Development Director of Private Equity, Cameron is joined by Cherry Bekaert’s Accounting Advisory Leader, Chase Wright, in Part I of a four-part series discussing the ins and outs of SPAC transactions and the material parties involved. In Part I, Chase introduces us to the role of the accountant and why selecting the right accountant for your transaction matters.