PODCAST · business
The DESPAC Podcast
by Chaz Churchwell
The DESPAC Podcast gives private company leaders the guidance, structure, and truth they need to approach SPAC and DESPAC transactions with confidence. Hosted by Chaz Churchwell, the owner of Churchwell Insurance Agency. The show focuses on the real work required to become a disciplined public company. Each episode cuts through confusion and delivers practical insight from operators, CFOs, auditors, attorneys, bankers, SPAC sponsors, PIPE investors, and advisors who understand the process end to end. Chaz started this show out of frustration. He has seen too many companies rush into the public markets without the systems, controls, and governance needed to survive. His commitment is simple. Help leaders avoid preventable mistakes and build the internal discipline required to thrive after the deal closes. As he says, he is tired of seeing companies go public only to be crushed in the courts because they were not prepared. The vision of the show is to be th
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27
What Attorneys and Bankers Won't Tell You About DESPAC Filings — Brian Cavalli
Attorneys and bankers rarely say this part out loud: your SEC filing doesn't move without a printer, and waiting too long to bring one in is one of the biggest reasons DESPAC filings blow their deadlines.Brian Cavalli, Director of Sales at EdgarAgents and a 17-year veteran of the financial printing industry, joins host Chaz Churchwell to unpack the piece of the DESPAC process most sponsors overlook. Brian explains what EDGARizing a document means, why typesetting exists, how XBRL tagging fits into an S-4 or F-4 filing, and why CCC and CIK codes trip up first-time filers, plus why bringing the printer in early can cut both filing time and legal costs in half.What We Cover:What a financial printer actually does in an SEC filingWhat "EDGARizing" a document meansEDGAR-only filings versus Typeset, and why most DESPACs choose TypesetHow XBRL tagging works and why it's finalized lastWhy S-4 and F-4 filings are the biggest documents a printer handlesTypical turnaround time and how to speed it upCCC and CIK codes: the identification most companies apply for too lateWhy an experienced deal team avoids the biggest points of delayWhy bringing in the printer early can cut filing time in halfConnect with Brian Cavalli: Website: https://try.edgaragents.com/ LinkedIn: https://www.linkedin.com/in/briancavalli/Connect with Chaz Churchwell: LinkedIn: https://www.linkedin.com/in/chazchurchwell/Protect Your Transaction: Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies. https://www.churchwellagency.com/Follow The DESPAC Podcast: Website https://www.thedespacpodcast.com/ · LinkedIn https://www.linkedin.com/company/thedespacpodcast/ · YouTube https://www.youtube.com/@thedespacpodcast · Apple https://podcasts.apple.com/podcast/id1855942535?mt=2&ls=1 · Spotify https://open.spotify.com/show/1pA3EuEU656ZsEEx1Te4C2A One Iron Network production: Executive Producer Joshua WilsonThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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26
What Institutional Investors Actually Look For in a DESPAC Candidate — Christine McNerney
One DESPAC CEO took his freshly raised public capital and vanished for a month to golf across Japan. Christine McNerney, Portfolio Manager at Periscope Capital, has seen why that ego sinks a DESPAC - and what makes an institutional investor say yes instead.Christine McNerney is Portfolio Manager at Periscope Capital, a Toronto-based fund active in SPACs for over a decade. She joins host Chaz Churchwell on what institutional investors look for before backing a DESPAC: real capital needs vs. ego-driven listings, governance and board readiness, consistent valuations, how to vet a SPAC sponsor's track record, and why redemption pressure makes institutional backstop capital essential to a DESPAC's success.What We Cover:- "We don't need the capital": the line that's an instant red flag- Ego vs. real use of proceeds: what gets a DESPAC passed over- How Periscope Capital vets management teams before backing a deal- Governance readiness: audited financials, IR, and board certifications- Why shifting valuations across meetings kill investor confidence- Pricing at the "absolute peak": why it tells shareholders to sell- What to vet in a SPAC sponsor team beyond deal count- Redemptions above 80% and the case for institutional backstopsConnect with Christine McNerney:Website: https://www.periscopecap.com/LinkedIn: https://www.linkedin.com/in/christine-mcnerney-cfa-7ab47540/Connect with Chaz Churchwell:LinkedIn: https://www.linkedin.com/in/chazchurchwell/Protect Your Transaction:Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies. https://www.churchwellagency.com/Follow The DESPAC Podcast:Website https://www.thedespacpodcast.com/ · LinkedIn https://www.linkedin.com/company/thedespacpodcast/ · YouTube https://www.youtube.com/@thedespacpodcast · Apple https://podcasts.apple.com/podcast/id1855942535?mt=2&ls=1 · Spotify https://open.spotify.com/show/1pA3EuEU656ZsEEx1Te4C2A One Iron Network production: Executive Producer Joshua WilsonThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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25
The Early Signals That Tell You Retail Trusts Your DESPAC — Mo Abdi, RetailVolts
Six months before a DESPAC closes, retail investors have already decided if they trust the deal — and Mo Abdi says that excitement is measurable, and it tracks against redemption rates.EPISODE SUMMARYMo Abdi, Chief Executive Officer of RetailVolts and creator of the GateWatch AI sentiment platform, joins host Chaz Churchwell on The DESPAC Podcast. A physician by training turned founder, Mo built RetailVolts out of a decade moderating 120+ subreddits into a retail investor activation agency working across Reddit, X, StockTwits, and Discord. He breaks down the early signals telling a SPAC sponsor or DESPAC target whether retail trusts the transaction, how coordinated bot networks manufacture sentiment, and why legacy PR is failing the retail channel.What We Cover- The measurable excitement signal three to six months pre-close- Why sentiment tracks against DESPAC redemption rates- Three layers of retail analysis: buzz, product, deal structure- How GateWatch AI scores posts against EDGAR and newswire data- Why SPACs demand more retail education than IPOs- How bot networks spin up accounts to move a narrative- Spotting coordinated posts by timestamp and IP clustering- What RetailVolts client onboarding actually includes- Why retail now drives a reported 36% of equity flow- From oncology and physics to a market intelligence platformConnect with Mo AbdiRetailVolts: https://www.retailvolts.com/GateWatch AI: https://www.gatewatch.ai/Connect with Chaz ChurchwellLinkedIn: https://www.linkedin.com/in/chazchurchwell/Protect Your TransactionChurchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies. https://www.churchwellagency.com/Follow The DESPAC PodcastWebsite https://www.thedespacpodcast.com/ · LinkedIn https://www.linkedin.com/company/thedespacpodcast/ · YouTube https://www.youtube.com/@thedespacpodcast · Apple https://podcasts.apple.com/podcast/id1855942535?mt=2&ls=1 · Spotify https://open.spotify.com/show/1pA3EuEU656ZsEEx1Te4C2The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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24
The Four Ways to Go Public, and Why Most Companies Only Have One — Brandon Sun
There are four ways to take a company public. Brandon Sun says 95% of companies realistically have access to one.Brandon Sun, Managing Director and Head of SPAC Investment Banking at Cohen & Company, has closed more than 130 DESPAC and M&A transactions representing over $210 billion in enterprise value, plus 120+ IPOs raising over $45 billion. He walks host Chaz Churchwell through the decision facing private companies today: an IPO backlog roughly 1,000 companies deep, bulge-bracket banks acting as gatekeepers, and a market where sponsor quality separates deals that work from ones that don't. Brandon also explains why the regret he hears most isn't from companies that went public — it's from the ones that waited.What We Cover:- The four paths to public markets, and why most companies have one- Why the IPO backlog leaves companies waiting quarters or years- How investment banks function as gatekeepers to the traditional IPO- Public-private arbitrage and why it drives sector selection- Where capital is going: quantum, nuclear, rare earths, defense, space- Why valuation is a point-in-time consideration, not a finish line- Sponsor quality and the halo effect in biotech DESPACs- What separates companies that follow through from ones that back out- Cross-border listings: why Asia and Europe turn to SPACs- The regret that actually shows up: missing the windowConnect with Brandon Sun:https://www.cohencm.com/brandon-sunhttps://www.linkedin.com/in/brandonsun/Connect with Chaz Churchwell:https://www.linkedin.com/in/chazchurchwell/Protect Your Transaction:Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies. https://www.churchwellagency.com/Follow The DESPAC Podcast:https://www.thedespacpodcast.com/https://www.linkedin.com/company/thedespacpodcast/https://www.youtube.com/@thedespacpodcastApple https://podcasts.apple.com/podcast/id1855942535?mt=2&ls=1Spotify https://open.spotify.com/show/1pA3EuEU656ZsEEx1Te4C2The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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23
Do You Actually Need the Capital? Before You Choose a SPAC with Michael Strauss
Most founders ask what a SPAC is worth before they ask whether they need it at all. Michael Strauss of Boardroom Alpha flips that: the first question is whether you need the capital now, or can afford to optimize price and stay private longer.Michael Strauss, Director at Boardroom Alpha, joins host Chaz Churchwell for a data-driven look at the SPAC and DESPAC decision. Boardroom Alpha rates public-company CEOs, CFOs, and board directors, and tracks the sponsor teams behind SPAC vehicles. Michael unpacks why capital-intensive businesses face a different calculus than software, how near-total redemptions and PIPE backstops reshape real proceeds, what separates durable post-DESPAC companies, and the readiness a company needs before going public.What We Cover:The first question: do you actually need the capital now?Why hard-tech names outlasted software in the SPAC eraHow Boardroom Alpha grades directors, officers, and sponsorsPublic-company readiness: audit committees, PCAOB, closeRedemptions, sponsor promote, warrants, and real dilutionHow PIPEs backstop near-total redemptionsVetting sponsor track records before signing an LOILife after the DESPAC: governance, IR, and strategySPAC vs. IPO vs. staying private longerWhat founders should watch over the next 12 to 24 monthsConnect with Michael Strauss: Website https://www.boardroomalpha.com/ LinkedIn https://www.linkedin.com/in/michael-strauss-00a961aa/Connect with Chaz Churchwell: LinkedIn https://www.linkedin.com/in/chazchurchwell/Protect Your Transaction: Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies. https://www.churchwellagency.com/Follow The DESPAC Podcast: Website https://www.thedespacpodcast.com/ · LinkedIn https://www.linkedin.com/company/thedespacpodcast/ · YouTube https://www.youtube.com/@thedespacpodcast · Apple https://podcasts.apple.com/podcast/id1855942535?mt=2&ls=1 · Spotify https://open.spotify.com/show/1pA3EuEU656ZsEEx1Te4C2The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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22
Preparing for a DESPAC: Audit Readiness, Valuation & Public-Company Reporting with Jonathan Grubbs and Jeffrey Duncan
Most private companies treat a DESPAC as the finish line. Jeffrey Duncan and Jonathan Grubbs of Aprio explain why day one as a public company is where the real work begins — and why targets that wait until the BCA is signed are already behind.In this episode, host Chaz Churchwell sits down with Jeffrey Duncan, Partner and leader of Technical Accounting Consulting Services at Aprio, and Jonathan Grubbs, Director and Complex Financial Instrument Leader in Aprio's Valuation & Investigation Services practice. Together they walk through what it actually takes to prepare a private company for a DESPAC transaction: PCAOB audit readiness, document gathering, internal controls, valuation strategy across competing stakeholders, the role of PIPE capital, and the ongoing SEC reporting obligations that start the moment a deal closes. A practical, practitioner-level roadmap for founders, CFOs, and boards weighing the public-company path.What We Cover:Why "start early" means 12 to 18 months ahead of the BCA closeThe three keys to a successful DESPAC transactionPreparing for a PCAOB audit when you've never been auditedGap assessments, internal controls, and getting off spreadsheetsNegotiating legacy debt and equity before it derails a dealWhy valuation is the common language of every DESPAC stakeholderHow PIPE capital validates a deal and funds the balance sheetTreating valuation as an ongoing compliance function, not a one-time eventLife as a public-company CFO after the transaction closesThe quarterly vs. semi-annual reporting debateConnect with Jonathan Grubbs and Jeffrey Duncan: Website: aprio.com Jonathan Grubbs LinkedIn: linkedin.com/in/jonathan-grubbs-761a94161 Jeffrey Duncan LinkedIn: linkedin.com/in/jeffduncancpaConnect with Chaz Churchwell: LinkedIn: linkedin.com/in/chazchurchwellProtect Your Transaction: Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies. churchwellagency.comFollow The DESPAC Podcast: Website thedespacpodcast.com · LinkedIn linkedin.com/company/thedespacpodcast · YouTube youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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21
What Makes a Good SPAC Target (and What Disqualifies One)
What actually disqualifies a private company from a SPAC deal? Patrick Sturgeon says the answer is often the same thing that would sink a traditional IPO — size. A single-asset biotech at Phase 1B with a sub-$100M valuation "just should not be a public company," and the exchanges are taking a harder look at microcaps trying to list.In this episode, Chaz Churchwell sits down with Dimitre Genov, Managing Director, and Patrick Sturgeon, Managing Partner at Brookline Capital Markets, for a practitioner's breakdown of what separates a strong SPAC target from a costly mistake. They unpack why SPACs win where IPOs can't — complex corporate transactions, international uplistings, and hard tech that needs a longer investor-education runway — plus the rights-versus-warrants trade-off, overhang, transaction deadlines, and why public-company readiness (PCAOB audits, board, service providers) determines whether a deal closes or dies on the calendar.What We Cover: 🎯 The size and stage thresholds that disqualify a target 🧬 Why single-asset early-stage biotech struggles — and where GLP-1s change the math 🌍 SPACs for spinoffs, post-reorg equity, and international uplistings ⚡ Hard tech and the investor-education runway IPOs can't offer 📊 Rights vs. warrants: dilution, liquidity, and overhang explained ⏱️ Transaction deadlines and the cost of blowing a timeline ✅ Public-company readiness before you ever talk to a SPAC 💡 What the best sponsors bring beyond capital, post-closeConnect with Dimitre Genov: LinkedIn linkedin.com/in/dimitre-genov-6136182 SPAC & Forth newsletter linkedin.com/newsletters/spac-forth-7395846241579847680Connect with Patrick Sturgeon: Website brooklinecapmkts.com LinkedIn linkedin.com/in/patrickasturgeonConnect with Chaz Churchwell: LinkedIn linkedin.com/in/chazchurchwellProtect Your Transaction: Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies. https://www.churchwellagency.com/The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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20
Why DESPAC Votes Fail: A Proxy Solicitor's Playbook with Desiree Carlo
Most DESPAC votes don't fail at the ballot box. They fail months earlier, in silence — when no one is communicating with the shareholder base and the redemptions are already climbing. By the time the panicked calls go out to redeeming holders, it's already far too late to change the outcome.In this episode of The DESPAC Podcast, host Chaz Churchwell sits down with Desiree Carlo, Senior Vice President of Client Services at Laurel Hill Advisory Group, for a practitioner's breakdown of the proxy machinery behind every SPAC and DESPAC vote. Drawing on 16 years that began on the transfer agent side, Desiree walks through shareholder identification, the broker search, NOBO lists and DTC omnibus reports, ISS recommendations, and the redemption dynamics that can quietly deplete a trust account. It's a clear-eyed look at why deals stall at the finish line — and the specific habits that separate disciplined teams from the ones scrambling at the deadline.What We Cover:Why high, early redemptions are the first warning sign a vote is in troubleThe proxy timeline: preliminary vs. definitive proxy statements and SEC reviewShareholder identification, NOBO lists, and tracking activist positionsHow ISS recommendations move institutional votes across the boardWhy a credible PIPE is now central to getting a DESPAC doneRound-lot holders, rights vs. warrants, and meeting exchange listing requirementsRed flags boards ignore — and how they become litigation roadmapsWhy the best teams "pretend to be public" for 6–12 months pre-closeCommunication gaps between the SPAC and the target company that derail dealsConnect with Desiree Carlo: Website laurelhill.com/desiree-carlo LinkedIn linkedin.com/in/desiree-carlo-08016711bConnect with Chaz Churchwell: LinkedIn linkedin.com/in/chazchurchwellProtect Your Transaction: Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies. https://www.churchwellagency.com/Follow The DESPAC Podcast: Website thedespacpodcast.com LinkedIn linkedin.com/company/thedespacpodcast YouTube youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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19
What Founders Aren't Told Before a DESPAC with Roshan Pujari CEO Stardust Power
What no one tells founders before a DESPAC: the deal itself is the easy part. Roshan Pujari took Stardust Power from a 2023 startup to a shovel-ready national lithium project in roughly three years — and he is refreshingly candid about the volatility, the hidden costs, and the discipline it took to survive year one as a newly public company.EPISODE SUMMARY Roshan Pujari, Founder, Chairman, and CEO of Stardust Power Inc. (NASDAQ: SDST) and Founder of VIKASA Capital, joins host Chaz Churchwell for a practitioner-level breakdown of what really happens after the bell rings. Roshan walks through sponsor alignment, deferred fees and transaction costs, the S-1 "danger zone," Rule 144 and shelf eligibility, redemption risk, and the balancing act between retail and institutional shareholders. A clear-eyed conversation for any private company weighing a DESPAC, plus the macro case for U.S. lithium refining and onshoring critical-mineral processing for the EV and energy-storage economy. Essential listening for founders, CFOs, and capital-markets counsel.What We CoverWhy preparing for public-company life matters more than the transaction itselfSponsor alignment and who really controls the DESPAC processManaging deferred fees, dual legal bills, and the D&O tail policyThe S-1 "danger zone" and warrant-redemption exposureWhy capitalization, not share price, should drive your first yearNavigating Rule 144, S-3 eligibility, and ELOC structuresManaging redemption risk and tapping trust-account capitalBalancing retail, day-trader, and institutional shareholdersLeveraging volatility and price spikes to raise capitalThe U.S. lithium bottleneck and Stardust Power's Oklahoma refineryConnect with Roshan Pujari Website stardust-power.com LinkedIn linkedin.com/company/stardust-power YouTube youtube.com/@Stardust-PowerProtect Your Transaction Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies. churchwellagency.comConnect with Chaz ChurchwellLinkedIn linkedin.com/in/chazchurchwellFollow The DESPAC Podcast Website thedespacpodcast.com LinkedIn linkedin.com/company/thedespacpodcast YouTube youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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18
What Actually Kills DESPAC Deals, With 25-Year SPAC Attorney Doug Ellenoff
Why do so many DESPAC deals look great on day one and collapse months later? In this episode of The DESPAC Podcast, host Chaz Churchwell sits down with Douglas Ellenoff of Ellenoff Grossman & Schole, one of the most prolific securities attorneys in the SPAC ecosystem with 25 years and over 1,000 SPAC IPOs behind him.Doug pulls back the curtain on what actually separates DESPAC deals that thrive from the ones that crater. The conversation moves from regulatory tailwinds under the current SEC to the unit economics targets miss when comparing offers, the warrant overhang and promote math hiding under the hood, and why a validating PIPE is so often the difference between a deal that holds and a deal that breaks.If you are a CFO, GC, board member, or founder weighing a SPAC, this is a practitioner-level look at the decisions that determine whether your company survives its first year public.What We Cover:Why the next SPAC wave may be stronger than the 2021 boomRegulatory changes under the current SEC and why SPACs were carved out of S-3 benefitsReading deal structure beyond the headline promote and unit termsWarrant overhang, dilution, and how targets renegotiate the promote pre-closeWhy a validating institutional PIPE de-risks the closeThe two real reasons DESPAC deals fail: undercapitalization and overvaluationWhy public-company readiness catches up with you even when it is not the first thing to breakHow to choose SPAC-specialist counsel and why your 15-year general attorney is the wrong callConnect with Douglas Ellenoff: Ellenoff Grossman & Schole: https://www.egsllp.com LinkedIn: https://www.linkedin.com/in/douglas-ellenoff-588b682/Protect Your Transaction: Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies. https://www.churchwellagency.com/Follow The DESPAC Podcast: https://www.thedespacpodcast.com/ https://www.linkedin.com/in/chazchurchwell/ https://www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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17
What Misclassified Warrants and Earnouts Really Cost a DESPAC — Sam Salty & Mark Stoller
Misclassify warrants or earnouts and you can blow up your DESPAC valuation, delay closing by months, and stack millions in advisory, audit, and legal fees on a deal that was supposed to be ready.Sam Salty (Managing Partner, GuzmanGray) and Mark Stoller (CMO, GuzmanGray) join Chaz Churchwell on The DESPAC Podcast to break down what real PCAOB readiness looks like, why AICPA-grade audit evidence rarely survives PCAOB scrutiny, and how the post-inspection shakeup created a vacuum that disciplined audit firms are now stepping into. They unpack the technical traps that wreck DESPAC timelines, the fee-structure tricks private companies miss, and why early auditor involvement is the biggest predictor of a clean close.What We Cover:- Why misclassified warrants and earnouts trigger restatements, SEC scrutiny, and PIPE-confidence damage- When private companies must shift from AICPA to PCAOB standards before going public- The independence rule that forces some companies to fire their existing auditor on day one- ASC 606 revenue recognition gaps that quietly distort financials before a deal- Why fair-value valuations require a separate independent expert from the SPAC valuation- Internal controls, carve-outs, and proformas that look fine until PCAOB inspects them- The pre-audit advisory step almost every private company underestimates- Flat-fee vs. range pricing, and the back-end fees that surprise newly public CFOs- The audit firm shutdown that forced public companies into expensive re-audits- How GuzmanGray bakes quality control in to prevent fire drillsConnect with Sam Salty:LinkedIn: https://www.linkedin.com/in/sam-salty-0a36741/Website: https://guzmangray.com/Connect with Mark Stoller:LinkedIn: https://www.linkedin.com/in/mark-stoller-secaudit312/Website: https://guzmangray.com/Protect Your Transaction:Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies.https://www.churchwellagency.com/Follow The DESPAC Podcast:https://www.thedespacpodcast.com/https://www.linkedin.com/in/chazchurchwell/https://www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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16
The 3 Non-Negotiables Every DESPAC Target Must Show Today with Alex Weniger-Araujo & Shahrooz Shahnavaz
"You can't be a SPAC and a DESPAC at the same time." That's the line from McGuireWoods partner Alex Weniger-Araujo that captures everything wrong with how most private companies approach going public.In this episode, Chaz sits down with Alex Weniger-Araujo (Capital Markets & Securities Partner) and Shahrooz Shahnavaz (Tax Partner & Co-Leader) of McGuireWoods — two attorneys with over 100 SPAC and DESPAC transactions between them. They unpack the SPAC 4.0 era: the institutional discipline, regulatory reset, and three non-negotiables every target must show today. A practitioner-grade conversation for SPAC sponsors, target CEOs and CFOs, securities counsel, and institutional investors.What We Cover:- The 3 non-negotiable traits every DESPAC target must show in 2026- Why audit readiness and PCAOB-qualified financials cannot be an afterthought- The "why public" thesis that separates serious targets from liquidity-event founders- Tax structuring: why "tax-free" is a myth and how deferral actually works- Cross-border deal complexity and US/foreign tax treaty implications- Co-registrants on the S-4 and F-4 — what target executives are signing up for- Fairness opinions, exchange listing requirements, and legal pre-work that prevents delays- Earnouts, forward purchase agreements, and backstops to manage redemptions- Hot sectors right now: AI infrastructure, data centers, energy, space, and health tech- Why the third or fourth earnings call matters more than DESPAC closingConnect with Alex Weniger-Araujo:McGuireWoods: https://www.mcguirewoods.com/people/w/g-alex-weniger-araujo/LinkedIn: https://www.linkedin.com/in/galexaraujo/Connect with Shahrooz Shahnavaz:McGuireWoods: https://www.mcguirewoods.com/people/s/shahrooz-r-shahnavaz/LinkedIn: https://www.linkedin.com/in/shahroozshahnavaz/Protect Your Transaction:Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, DESPAC targets, and post-merger companies.https://www.churchwellagency.com/Follow The DESPAC Podcast:https://www.thedespacpodcast.com/https://www.linkedin.com/in/chazchurchwell/https://www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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15
From Fraud Investigations to DESPAC Due Diligence — James Tunkey
A Certified Fraud Examiner who ran undercover investigations for Kroll is now one of the most valuable assets a private company can have heading into a de-SPAC. James Tunkey has worked 50+ de-SPAC transactions — and he says most private companies have no idea what's coming at them in executive due diligence, or how to use it strategically.James Tunkey, CFE and Managing Director of I on Asia, brings three decades of fraud investigation and background check expertise to the de-SPAC world. He breaks down what executive due diligence really involves, why undisclosed litigation is the weapon short sellers wait for, how one bad director can blow up a deal at the two-yard line, and why completing due diligence early directly lowers your cost of capital.Whether you're a private company preparing to go public, a SPAC sponsor evaluating a target, or a securities attorney managing diligence, this is a practitioner-level view of what rigorous due diligence looks like — and what happens when it's skipped, rushed, or bought on the cheap.🎯 What We Cover:Core pillars of executive due diligence in a de-SPAC transactionInternational vs. domestic: GDPR, local privacy law, and public records availabilityHow one undisclosed director can collapse a deal at the two-yard lineThe six-month expiry window: what to refresh vs. what's already locked inWhy early due diligence signals public-readiness to SPAC sponsorsHow fraud investigation experience drives pattern-based, red-flag-first screeningHow short seller campaigns exploit pre-merger disclosure gapsWhere due diligence vendors oversell and where going cheap creates exposureCrime insurance as an overlooked financial protection layer post-de-SPAC🤝 Connect with James Tunkey: Website: https://www.ionasia.com/ LinkedIn: https://www.linkedin.com/in/jamestunkey/🛡️ Protect Your Transaction: Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, de-SPAC targets, and post-merger companies. https://www.churchwellagency.com/🎙️ Follow The DESPAC Podcast: https://www.thedespacpodcast.com/ https://www.linkedin.com/in/chazchurchwell/ https://www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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14
How Fairness Opinions Actually Work in a DESPAC Transaction — Michael Moscarelli
Valuation disputes are the #1 source of litigation, infighting, and blown DESPAC deals. Michael Moscarelli of Houlihan Capital has personally delivered up to 15 DESPAC fairness opinions and breaks down exactly how the process works, what targets consistently get wrong, and why the financial projections you share today could become your single biggest post-close liability.Michael Moscarelli is a Vice President in Houlihan Capital's Valuation and Financial Advisory practice and leads the firm's SPAC fairness opinion practice. With 27 opinions completed firm-wide across biotech, SaaS, cryptoassets, telecom, and CPG, he covers fair pricing vs. fair process, per-share fairness analysis, dilution mechanics, projection disclosure risk, and what target management teams must do to prepare before the opinion process kicks off.What We Cover:What a fairness opinion delivers and why SPAC boards require third-party validationFair pricing vs. fair process: the two components every target needs to understandWhy DESPAC fairness opinions are conducted on a per-share basis, not just enterprise valueHow sponsor shares, warrants, rights, and PIPE terms erode target shareholder valueWhy your last private round valuation is irrelevant to a public marketProjection disclosure risk and why numbers shared with the opinion team enter public filingsRed flags in fairness opinion fee structures, including contingent compensation arrangementsHow to build credible, defensible financial forecasts before the BCA is announcedWhat slows the process: unresponsive targets, shifting deal terms, and unaudited financialsThe litigation defense role a rigorous fairness opinion plays in a DESPAC transactionConnect with Michael Moscarelli: LinkedIn: https://www.linkedin.com/in/michaelmoscarelliProtect Your Transaction: Churchwell Insurance Agency specializes in D&O, E&O, representations and warranties, and public company liability for SPAC sponsors, de-SPAC targets, and post-merger companies. https://www.churchwellagency.com/Follow The DESPAC Podcast: https://www.thedespacpodcast.com/ https://www.linkedin.com/in/chazchurchwell/ https://www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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13
The SPAC Market Reset: Why the Next Wave May Be Stronger
This episode provides a quick market update on the SPAC ecosystem and discusses how legal trends and governance practices are shaping the next cycle of deals.Chaz Churchwell explains why securities litigation has dropped dramatically since the peak SPAC boom and outlines steps SPAC sponsors and targets can take to protect themselves moving forward.The episode also explores why governance, valuation discipline, and strong advisory teams are becoming critical components of successful DESPAC transactions.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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12
Inside the DESPAC Process: What Investment Bankers Actually Do
Investment bankers play a critical role in the SPAC and DESPAC process, yet their work often happens behind the scenes.In this interview, host Chaz Churchwell sits down with Jesse Busch of iBankers to unpack the mechanics of taking a company public through a SPAC merger. Jesse shares insights from two decades of SPAC market experience, explaining how boutique investment banks help guide private companies through deal structuring, capital raising, exchange approvals, and ultimately the transition to becoming a publicly traded company.The conversation covers the evolution of the SPAC market since the boom years of 2020–2021, what healthy deals look like today, how investment bankers help companies navigate redemptions and capital raises, and why investor relations and transparency are essential for long-term public market success.Jesse also explains the differences between IPOs, direct listings, and SPAC mergers, and why not every company should pursue the public markets.For founders, sponsors, and investors looking to understand how deals actually get done, this episode provides a practical look at the strategy, execution, and discipline required to close successful transactions.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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11
CFO Advisory Secrets: What Private Companies Must Fix Before a DESPAC
In this episode, host Chaz Churchwell speaks with Mohammad Hasham, Partner at Cohn Reznick, about the critical role CFO advisory teams play in helping private companies prepare to become public.Mohammad specializes in capital markets advisory and works with companies navigating IPOs, SPAC mergers, and public company readiness.The conversation explores how accounting advisory teams support CFOs throughout the public company transition by helping companies prepare financial statements, manage audit readiness, and coordinate with auditors, legal teams, and investors.Topics discussed in this episode include:• The role of CFO advisory services during SPAC transactions• Why PCAOB audit preparation is critical before going public• The operational challenges private companies face during the transition to public markets• Differences between audit firm expectations and methodologies• Why investor relations becomes a key responsibility for CFOs• Infrastructure changes companies must make before becoming public• The advantages of SPAC transactions compared to traditional IPOsMohammad also discusses the growing importance of executive networks and communities in helping founders and finance leaders connect with investors, advisors, and strategic partners.For executives evaluating a SPAC merger or IPO, this episode provides practical insight into the financial and operational preparation required for a successful transition to the public markets.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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10
The Gatekeepers of Your Shares: What Every DESPAC Company Must Know About Transfer Agents
In this episode, host Chaz Churchwell interviews Caitlyn Van Valin, Head of U.S. Sales at Odyssey Trust Company, to discuss the role transfer agents play in helping companies transition into the public markets.Caitlyn explains how transfer agents serve as the gatekeepers of shareholder records, issuing and tracking shares while supporting companies during corporate action events like DESPAC transactions.The conversation explores the operational side of becoming a public company and highlights the importance of strong communication, modern technology, and experienced advisory support throughout the process.Topics covered include:• What transfer agents and trust companies do in the public markets• Why the DESPAC is considered a major corporate action event• How shareholder records are reconciled prior to closing a transaction• When private companies should engage with transfer agents• Key contract provisions to evaluate in transfer agent agreements• How technology improvements are removing operational bottlenecks• The role of transfer agents in helping companies navigate their first year as a public companyCaitlyn also shares her outlook on the SPAC market and why the next cycle of DESPAC transactions may produce stronger outcomes as more experienced sponsors and better-prepared private companies enter the public markets.For founders, executives, and advisors exploring the path to a DESPAC, this episode provides a practical look at the infrastructure that supports companies after they go public.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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9
Why 90% of SPACs Are Formed in the Cayman Islands (And What Targets Must Know)
In this episode, host Chaz Churchwell interviews Alexandra Low, Cayman counsel at Appleby and one of the leading advisors supporting SPAC IPOs and DESPAC transactions.Alexandra shares her perspective from working with international deal teams, U.S. law firms, and SPAC sponsors executing public listings through Cayman-structured entities.The conversation explores:Why the Cayman Islands dominate SPAC incorporationHow private companies structure cross-border DESPAC transactionsThe importance of sponsor relationships and deal visibilityGovernance considerations when forming a Cayman entityCharter provisions and director responsibilities in public companiesHow advisors coordinate across jurisdictions during a transactionThe timeline from LOI to closing and the regulatory filings involvedAlexandra also discusses the role of market cycles, sector trends, and investor sentiment in determining which private companies successfully enter the public markets.For founders, executives, and advisors exploring SPAC transactions, this episode provides an inside look at the international legal infrastructure behind DESPAC deals and the preparation required for success.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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8
What Smart Targets Look For in a SPAC (And What Most Miss)
In this episode of The DESPAC Podcast, host Chaz Churchwell interviews Chris Cottone, Vice President at Greentree Financial, a family office active in IPO and SPAC advisory since 1999.Chris shares practical insight from years of experience advising companies through both IPOs and DESPAC transactions.Topics covered include:What types of SPACs targets should evaluateHow promote structure and dilution impact outcomesThe importance of having PCAOB audits completed earlyValuation discipline and post-close market correction riskUnderstanding redemption variabilityCapital recycling strategies: PIPEs, non-redemption agreements, follow-on financingBoard composition and long-term sponsor alignmentChris also discusses how integrity, long-term thinking, and preparation shape successful public transitions.For private companies exploring a DESPAC, this episode delivers a grounded, operator-focused perspective on how to approach the process strategically and defensibly.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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7
IPO or DESPAC? The real answer is more nuanced than most founders realize.
In this episode, host Chaz Churchwell interviews Peter Goldstein, founder of Exchange Listing and sponsor of Emmis Acquisition Corp.With over 25 years in capital markets, Peter shares a candid comparison between IPOs and DESPAC transactions. He explains why 80% of the preparation process is the same, but the engines driving each path are fundamentally different.Topics covered include:Market-driven price discovery versus negotiated valuationWhy redemption risk is real and often misunderstoodStructural dilution and sponsor disciplineHow to avoid inflated valuations that lead to post-close collapseWhat foreign filers must understand before listing in the U.S.Why public readiness should begin 12–24 months in advanceThe importance of shareholder communication and long-term visionPeter emphasizes that going public is not about how you list. It’s about how you perform after the bell rings.For founders, executives, and boards evaluating a DESPAC or IPO, this episode offers practical insight grounded in real market cycles.If you want to understand the capital markets beyond headlines and hype, this conversation is essential listening.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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6
Is Your DESPAC Built on Governance or Just Hype?
In this international episode, Chaz Churchwell interviews Daniele D’Alvia, Director of the Banking and Finance Law Institute at Queen Mary University of London and founder of SPACs Consultancy.Daniele offers a global perspective on SPACs, examining the boom and bust cycle of 2020–2022 and what it revealed about governance, sponsor incentives, valuation discipline, and investor confidence.Key discussion points include:Why redemptions are a vote of confidenceThe role of governance in preventing litigationHow sponsor promotes should align with value creationThe structural evolution of SPAC regulation in the U.S.Why cultural alignment between SPAC and target is criticalHow crypto, stablecoins, and financial innovation are influencing the next phase of SPACsDaniele explains that SPACs are not inherently flawed. They are contractual instruments that reward discipline and punish overpromising.For private companies evaluating a DESPAC, this episode provides clarity on how to approach valuation, governance, sponsor selection, and long-term public-market readiness.If you want to understand SPACs beyond headlines and hype, this conversation delivers both academic depth and practical insight.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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5
When Should IR Enter the DESPAC Process? The Answer Most CEOs Miss
In this episode of The DESPAC Podcast, Chaz Churchwell interviews Jordan Darrow, founder of Darrow IR, to discuss the strategic role of Investor Relations in the DESPAC process.Jordan shares insight from representing SPAC sponsors and operating companies across multiple market cycles. He explains why IR should be engaged early, how investor positioning influences valuation, and why small-cap public companies require disciplined communication strategies to survive volatile markets.Topics include:Timing IR engagement in a DESPACIR vs. PR: understanding the differenceCEO mindset and ego in public marketsInterest rate environments and small-cap performanceCapital access through SPAC vs. traditional IPOHow IR protects and enhances shareholder valueThis episode delivers a practical framework for leadership teams who want to transition from private to public with clarity and discipline.If you are evaluating a DESPAC or planning to go public, this conversation provides tactical insight you can apply immediately.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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4
Why DESPACs Attract Litigation and How Leaders Defend Themselves
Going public through a DESPAC puts companies under a spotlight most leaders underestimate.In this episode, we sit down with Jon Uretzky, founding partner of PULP Law Firm, one of the most recognized securities litigation firms in the microcap and small-cap markets.Jon explains why DESPAC transactions attract disproportionate regulatory and shareholder scrutiny, how SEC actions trigger cascading class-action lawsuits, and why FINRA’s Corporate Actions department can quietly derail post-DESPAC plans. This conversation gives leaders an unfiltered look at what actually happens after the deal closes.Key topics include:Why DESPACs face elevated litigation riskHow SEC inquiries turn into shareholder lawsuitsThe danger of “obey the law” injunctions without waiversFINRA Corporate Actions and post-DESPAC delaysWhy cap table cleanup matters before going publicHow D&O insurance protects directors and officersWhat strong legal defense really looks like in public marketsIf you are a founder, executive, or board member considering a DESPAC, this episode delivers critical insight you cannot afford to ignore.Subscribe for more conversations on public-company discipline and DESPAC readiness.YouTube Channel: https://www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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3
What Transfer Agents Really Do and Why Communication Decides Outcomes
In this episode, host Chaz Churchwell is joined by Seth Farbman, CEO of VStock Transfer, for a deep, practical discussion on the role transfer agents play in DESPAC transactions and ongoing public-company operations.Seth shares insight from decades in capital markets, explaining how transfer agents serve both issuers and shareholders, why communication failures create real financial risk, and how early preparation changes outcomes. From shareholder education and cap table management to visibility, trust, and long-term credibility, this episode highlights issues most private companies overlook.Topics include:The real responsibilities of transfer agentsWhy communication protects valuation and trustHow operational gaps surface after DESPACsWhen companies should engage transfer agentsThe importance of education and visibility in public marketsThis is a practical conversation for leaders who want fewer surprises and stronger execution as they enter the public markets.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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2
What Private Companies Don’t Understand About SEC Filings
In this episode, host Chaz Churchwell is joined by Elliot Goldstein of Federal Filings, a veteran EDGAR agent and capital markets operator, for a detailed conversation on the realities of SEC filings during DESPAC transactions.Elliot explains how filings are prepared, why formatting and XBRL tagging create risk, and where private companies consistently fall short when transitioning to public-company standards. From version control breakdowns to unrealistic timelines and surprise costs, this episode highlights the operational blind spots that derail deals and frustrate regulators.Topics include:The true role of EDGAR agents and filing firmsWhy timing and accuracy drive deal outcomesHow poor coordination leads to SEC scrutinyThe hidden costs private companies don’t plan forWhere AI helps and where it cannot replace human reviewWhy experienced partners matter before the deal closesThis is a practical, experience-driven conversation for leaders who want fewer surprises and stronger execution as they prepare for the public markets.If you are evaluating a DESPAC or preparing for life as a public company, this episode delivers clarity you can use immediately.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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1
Inside the Mind of a SPAC Sponsor: How Good Deals Get Done
In this episode, we are joined by Long Long, a veteran SPAC sponsor and capital markets operator, for a deep discussion on what truly drives successful DESPAC transactions.Long shares his journey from corporate finance to leading SPACs and explains why many deals fail long before they ever reach the market. From lack of internal coordination and unrealistic expectations to poor governance and weak readiness, this episode breaks down the issues most private companies underestimate.Key topics include:Why SPACs are not just deals but public companies in motionThe importance of internal ownership, cadence, and coordinationWhat SPAC teams look for in strong targetsHow promote structures, warrants, and rights affect long-term valueWhy public readiness failures lead to shareholder lawsuitsThe mindset founders must adopt before going publicThis is a practical, experience-driven conversation for leaders who want to approach the public markets with discipline and clarity.If you are evaluating a DESPAC or preparing for life as a public company, this episode is essential listening.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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0
What Breaks First After a DESPAC: The Deal or the Company?
In this episode, host Chaz Churchwell is joined by securities attorney Morris Zarif, founder of Zarif Law Group, for a deep conversation on legal readiness, governance discipline, and the hidden risks private companies face when pursuing a DESPAC transaction.Morris brings more than a decade of capital markets experience and breaks down what he consistently sees go wrong for targets that wait too long to prepare. From corporate governance cleanup and IP ownership to board structure, diligence gaps, and cost surprises, this episode gives leaders a clear look at what actually matters before and after going public.Key topics include:Litigation patterns emerging from DESPAC transactionsWhy governance gaps derail deals and increase riskHow early legal preparation protects valuationThe importance of experienced advisors and consultantsHidden costs beyond legal fees, including audit and D&O exposureWhat founders must change in mindset to operate as a public companyThis is a practical, experience driven conversation designed to help private companies approach the public markets with discipline, clarity, and confidence.If you are considering a DESPAC or preparing for life as a public company, this episode is essential listening.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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-1
Continuing to Evolve: How Public Companies Stay Compliant, Agile, and Ready for What Comes Next
In this final episode of The DESPAC Podcast Go Public Series, host Chaz Churchwell and SPAC attorney Michael Blankenship of Winston & Strawn walk through the last step of the Go Public Framework: C – Continuing to Evolve.Public companies operate in a dynamic environment where regulations shift, risks change, and shareholder expectations intensify. Long-term viability depends on continuous adaptation, disciplined execution, and proactive risk management.Listeners will learn:• Why public-company responsibilities continue long after the DESPAC closes• Why annual risk and insurance reviews are essential for executives• How litigation trends affect newly public companies• Why scalable operations and M&A readiness matter• How to use public currency for strategic growth• What crypto-involved companies must do to remain compliant as regulations shift• Why evolving SEC policy requires proactive transparency• Why long-term success is built on adaptability, not just completion of a transactionThis final episode provides the mindset, structure, and expectations for thriving as a public company in a constantly shifting environment.Connect With the Guest:Michael Blankenship, Winston & Strawn LLPLinkedIn: https://www.linkedin.com/in/mikeblankenshipConnect With the Host & The DESPAC Podcast:Chaz Churchwell LinkedIn: https://www.linkedin.com/in/chazchurchwell/YouTube Channel: www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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-2
Institutionalizing Discipline: The Governance and Reporting Standards Every Public Company Must Master
In this episode of The DESPAC Podcast Go Public Series, host Chaz Churchwell and SPAC attorney Michael Blankenship of Winston & Strawn break down the seventh step of the Go Public Framework: I – Institutionalizing Discipline.Institutional discipline is the foundation of long-term public-company success. It includes regulatory compliance, governance structure, transparent reporting, investor communication rhythm, and continuous risk oversight.Listeners will learn:• Why discipline becomes the priority after the DESPAC transaction closes• What SOX compliance means and why it exists• Why internal audit controls and certified financial statements matter• How reporting cadence builds investor confidence• Why ongoing guidance from legal advisors remains essential• How insurance and D&O audits ensure leadership protection• How crypto-involved companies must maintain disciplined treasury oversight• Why the public markets reward companies that embed discipline into culture and operationsThis episode prepares leaders for the governance and reporting expectations of public-company life.Connect With the Guest:Michael Blankenship, Winston & Strawn LLPLinkedIn: https://www.linkedin.com/in/mikeblankenshipConnect With the Host & The DESPAC Podcast:Chaz Churchwell LinkedIn: https://www.linkedin.com/in/chazchurchwell/YouTube Channel: www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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-3
List and Launch: What Happens the Moment Your DESPAC Deal Closes
In this episode of The DESPAC Podcast Go Public Series, host Chaz Churchwell and SPAC attorney Michael Blankenship of Winston & Strawn walk through the sixth step of the Go Public Framework: L – List and Launch.Listing day is the milestone many founders anticipate. But far from being just a celebration, it is a coordinated, highly visible event that sets the tone for how the market views your company.Listeners will learn:• What happens when the DESPAC deal closes and the stock begins trading• How to coordinate market communications and internal messaging• Why the first earnings report is one of the most important early milestones• How to demonstrate alignment with earlier projections• Why public-company execution starts immediately• How crypto-involved companies must account for and disclose digital assets• Why insurance activation and risk readiness matter at launch• How transparency builds early investor trustThis episode prepares leaders for the operational and communication demands of debuting as a public company.Connect With the Guest:Michael Blankenship, Winston & Strawn LLPLinkedIn: https://www.linkedin.com/in/mikeblankenshipConnect With the Host & The DESPAC Podcast:Chaz Churchwell LinkedIn: https://www.linkedin.com/in/chazchurchwell/YouTube Channel: www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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-4
Building Market Trust: Preparing Leaders and Messaging for Public Scrutiny
In this episode of The DESPAC Podcast Go Public Series, host Chaz Churchwell and SPAC attorney Michael Blankenship of Winston & Strawn break down the fifth step of the Go Public Framework: B – Building Market Trust.Building market trust is one of the most important requirements for a successful DESPAC transaction. It is not enough to structure a strong deal. The market must believe in the company, the leadership, and the plan.Listeners will learn:• How executive teams prepare for analyst, investor, and media scrutiny• Why clear and aligned messaging determines investor confidence• The communication mistakes that drive redemption rates• Why investors prioritize transparency, discipline, and execution• How hype undermines trust and weakens public-market positioning• Why crypto-involved companies must articulate risk, custody structure, and long-term strategy• How disciplined communication builds credibility with institutional investorsThis episode gives leaders the communication strategy required to maintain trust through the DESPAC process and into life as a public company.Connect With the Guest:Michael Blankenship, Winston & Strawn LLPLinkedIn: https://www.linkedin.com/in/mikeblankenshipConnect With the Host & The DESPAC Podcast:Chaz Churchwell LinkedIn: https://www.linkedin.com/in/chazchurchwell/YouTube Channel: www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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-5
Undergoing Diligence: What Private Companies Must Prepare for in a DESPAC Transaction
In this episode of The DESPAC Podcast Go Public Series, host Chaz Churchwell and SPAC attorney Michael Blankenship of Winston & Strawn break down the fourth step of the Go Public Framework: U – Undergoing Diligence.Diligence is the phase where every detail of your business is examined. This review includes legal compliance, financial accuracy, internal controls, risk disclosures, governance readiness, operational viability, and insurance structure. Your company must demonstrate clarity, accuracy, and transparency to satisfy SPAC partners, PIPE investors, auditors, and the SEC.Listeners will learn:• How diligence tests the entire foundation of the DESPAC• What auditors, investors, and regulators focus on• Why transparent disclosures and accurate projections determine trust• How the S-4 filing becomes the public-facing roadmap of your business• Why D&O insurance, tail coverage, and risk frameworks must be finalized pre-close• What crypto-related companies must document to satisfy regulators• How proactive preparation speeds up the SEC review process• Why diligence is essential for a smooth transition toward going publicThis episode gives leaders a clear understanding of what to expect and how to prepare for one of the most demanding parts of the DESPAC journey.Connect With the Guest:Michael Blankenship, Winston & Strawn LLPLinkedIn: https://www.linkedin.com/in/mikeblankenshipConnect With the Host & The DESPAC Podcast:Chaz Churchwell LinkedIn: https://www.linkedin.com/in/chazchurchwell/YouTube Channel: www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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-6
Positioning the Deal: Crafting the Narrative and Economics Behind a DESPAC Transaction
In this episode of The DESPAC Podcast Go Public Series, host Chaz Churchwell and SPAC attorney Michael Blankenship of Winston & Strawn unpack the third step of the Go Public Framework: P – Positioning the Deal.Positioning determines how the market will perceive your company, your credibility, your economic structure, and your partnership fit. This step defines the trajectory of the entire DESPAC transaction.Listeners will learn:• Why positioning extends far beyond raising capital• How to choose the right SPAC sponsor based on track record and sector expertise• How deal economics shape investor outcomes• Why realistic, disciplined projections matter to institutional buyers• How to structure the narrative to establish trust rather than hype• Why crypto treasury companies need enhanced disclosure on risk and custody• How transparency can mitigate regulatory and investor concernsThis episode provides clarity for leaders preparing to shape their deal story and structure for a successful transition to the public markets.Connect With the Guest:Michael Blankenship, Winston & Strawn LLPLinkedIn: https://www.linkedin.com/in/mikeblankenshipConnect With the Host & The DESPAC Podcast:Chaz Churchwell LinkedIn: https://www.linkedin.com/in/chazchurchwell/YouTube Channel: www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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-7
Organizing Advisors: Building the Team That Makes or Breaks Your DESPAC Transaction
In this episode of The DESPAC Podcast Go Public Series, host Chaz Churchwell and SPAC attorney Michael Blankenship of Winston & Strawn dive into the second step of the Go Public Framework: O – Organizing Advisors.This conversation explains why selecting the right advisory team is one of the most important decisions a private company will make when pursuing a DESPAC transaction. From legal counsel to audit to risk management, every advisor influences deal speed, valuation, compliance, and the company’s long-term stability as a public entity.Listeners will learn:• Why advisors serve as the structural guardrails of a DESPAC deal• How to engage securities counsel, audit, and investor relations early• Why SPAC-specific legal expertise is essential• How D&O, cyber, and crime insurance must be structured before any S-4 filing• Why missing private D&O coverage creates serious litigation risk• How to vet advisors based on experience and past deal quality• What digital-asset companies must do to build compliant infrastructure• How crypto-competent legal and compliance advisors avoid regulatory issuesThis episode gives private-company leaders a clear roadmap for building the right advisory team before entering the public markets.Connect With the Guest:Michael Blankenship, Winston & Strawn LLPLinkedIn: https://www.linkedin.com/in/mikeblankenshipConnect With the Host & The DESPAC Podcast:Chaz Churchwell LinkedIn: https://www.linkedin.com/in/chazchurchwell/YouTube Channel: www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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-8
Getting Ready: The Most Critical Step Before a DESPAC Transaction
In this episode of The DESPAC Podcast Go Public Series, host Chaz Churchwell and SPAC attorney Michael Blankenship of Winston & Strawn take a deep look at the most important part of the DESPAC process: G – Getting Ready.The discussion explains why internal readiness determines deal speed, valuation outcomes, and investor confidence. Michael breaks down the essential components that SPAC teams will examine during diligence and why companies must discover issues themselves before the SPAC does.You will learn:• Why internal self-audits protect valuation and timeline• How to prepare financials, contracts, and cap tables for diligence• Why public-company governance begins long before the transaction• What it means to build an independent, credible board• How to stress-test projections and avoid unrealistic growth forecasting• Why disciplined projections are essential in today’s SPAC markets• What companies must know about crypto treasuries and risk managementThis episode gives private company leaders clear guidance on how to properly prepare for the DESPAC path and build credibility with investors and regulators.Connect With the Guest:Michael Blankenship, Winston & Strawn LLPLinkedIn: https://www.linkedin.com/in/mikeblankenshipConnect With the Host & The DESPAC Podcast:Chaz Churchwell LinkedIn: https://www.linkedin.com/in/chazchurchwell/YouTube Channel: www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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-9
The "GO PUBLIC" Framework Overview for Private Companies
In this kickoff episode of The DESPAC Podcast, host Chaz Churchwell welcomes Michael Blankenship of Winston & Strawn to unveil the Go Public Framework, a complete end-to-end system for private companies evaluating a DESPAC transaction.The conversation covers every stage of the public-ready journey, from internal preparation and assembling your advisory bench to positioning your valuation, navigating diligence, building market trust, and preparing for life as a public company.Listeners will learn:• What private companies must do before entering SPAC discussions• Why advisory structure determines deal speed and outcomes• How to craft a compelling deal narrative• What diligence teams look for and where companies get stuck• How to communicate effectively with analysts and investors• What happens at listing and launch• Why governance, reporting, and operational discipline drive long-term success• How public companies adapt as markets shiftThis episode offers actionable, practical guidance for CEOs, CFOs, founders, and investors evaluating whether a DESPAC is the right path.Connect With the Guest:Michael Blankenship, Winston & Strawn LLPLinkedIn: https://www.linkedin.com/in/mikeblankenshipConnect With the Host & The DESPAC Podcast:Chaz Churchwell LinkedIn: https://www.linkedin.com/in/chazchurchwell/YouTube Channel: www.youtube.com/@thedespacpodcastThe DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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-10
Why The DESPAC Podcast Exists: Protecting Companies After the SPAC
Most podcasts talk about SPAC deals.This one talks about what happens after.In the debut episode of The DESPAC Podcast, host Chaz Churchwell sits in the guest seat as Executive Producer Josh Wilson leads a conversation on why this show was created and who it is built for.Chaz explains how working closely with SPAC teams and public companies exposed a hard truth. Many private companies enter SPAC transactions without understanding the operational, governance, and legal realities of being public. The result is predictable. Litigation. Regulatory pressure. Stock collapse. Leadership burnout.This episode covers:Chaz’s path from the military to capital marketsThe role of D&O insurance in public-company protectionWhy de-SPAC execution matters more than deal hypeHidden risks leaders underestimate before going publicThe mission behind The DESPAC PodcastThis show exists to protect leaders, boards, and companies from preventable failure.If you are considering a SPAC or preparing for life as a public company, this podcast is for you.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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-11
The DESPAC Podcast With Chaz Churchwell
The DESPAC Podcast gives private company leaders the guidance, structure, and truth they need to approach SPAC and DESPAC transactions with confidence. Hosted by Chaz Churchwell, the show focuses on the real work required to become a disciplined public company. Each episode cuts through confusion and delivers practical insight from operators, CFOs, auditors, attorneys, bankers, SPAC sponsors, PIPE investors, and advisors who understand the process end to end. Chaz started this show out of frustration. He has seen too many companies rush into the public markets without the systems, controls, and governance needed to survive. His commitment is simple. Help leaders avoid preventable mistakes and build the internal discipline required to thrive after the deal closes. As he says, he is tired of seeing companies go public only to be crushed in the courts because they were not prepared. The vision of the show is to be the leading catalyst for disciplined private companies exploring DESPAC deals built for long-term public success. The mission is to arm leadership teams with the knowledge and resources needed to navigate SPAC transactions wisely and win on the public stage. Each conversation gives you a clear view of what public readiness demands. You learn how to evaluate if your company is a real fit for a SPAC, how to prepare financial controls that withstand scrutiny, and how to build a governance structure that protects your company. You hear how auditors assess your internal processes. You understand what regulators expect. You learn how PIPE investors make decisions. You get direct guidance on investor communication, forecasting discipline, board readiness, and the standards that define public-company performance. The show serves founders, CEOs, CFOs, COOs, controllers, general counsels, private equity partners, and advisors who want to understand the process without spin. Whether you are preparing a portfolio company for a public exit or exploring a SPAC for the first time, this podcast gives you the insight needed to lead wisely. What makes The DESPAC Podcast different is its focus on preparation over hype. You hear the truth from experts who have lived through successful transitions and from those who have witnessed failures up close. You learn what to do, why it matters, and how to protect your company from the operational, financial, and legal risks that catch most teams off guard. If you are considering a SPAC or DESPAC path, this podcast helps you build a clear public-readiness roadmap. If you are already in the process, it helps you strengthen your systems and avoid missteps. And if you have already gone public, it gives you the tools to stabilize, communicate, and operate with more discipline. The DESPAC Podcast is built for leaders who want clarity, accountability, and a serious understanding of what it takes to succeed as a public company. It is a resource you can trust as you prepare for one of the most demanding transitions in business. Chaz Churchwell built this platform to help you win.The DESPAC Podcast is for informational and educational purposes only. Nothing in this content constitutes legal, investment, tax, or financial advice, nor a recommendation to pursue or avoid any transaction. Consult qualified legal, financial, and tax professionals before acting on any information discussed. News Theme 1 by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/THE DESPAC PODCAST DISCLAIMERThe DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of One Iron Network LLC, its affiliates, or any sponsoring organization.Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.One Iron Network LLC and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.
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ABOUT THIS SHOW
The DESPAC Podcast gives private company leaders the guidance, structure, and truth they need to approach SPAC and DESPAC transactions with confidence. Hosted by Chaz Churchwell, the owner of Churchwell Insurance Agency. The show focuses on the real work required to become a disciplined public company. Each episode cuts through confusion and delivers practical insight from operators, CFOs, auditors, attorneys, bankers, SPAC sponsors, PIPE investors, and advisors who understand the process end to end. Chaz started this show out of frustration. He has seen too many companies rush into the public markets without the systems, controls, and governance needed to survive. His commitment is simple. Help leaders avoid preventable mistakes and build the internal discipline required to thrive after the deal closes. As he says, he is tired of seeing companies go public only to be crushed in the courts because they were not prepared. The vision of the show is to be th
HOSTED BY
Chaz Churchwell
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