The question is, with innovation as versatile as Kraus Hamdani Aerospace’s, why go SPAC?
Karim Anani, an Ernst & Young Partner leading the firm’s Financial Accounting Advisory Transaction Services practice across the Americas and over nine years of experience leading some of the largest SPAC deals under his belt, says any company looking to raise capital via a private placement offering or an IPO should also consider whether merging with a SPAC and whether raising capital in that manner is a right fit for them.
“Early stage companies with promising product or service offerings that are looking for substantial primary capital infusions are prime targets for spac mergers at this current time,” says Karim. “As a founder, you want the public support to disrupt technology that the world needs now—not later—so it’s important to take relevant technology to the public market,” says Hamdani.”Vice President of the Corporate Client Group at RBC Capital Markets, says that historically “a SPAC has served as a buyer of last resort.
“However, in the past 18 months or so, a number of factors including the low interest rate environment, volatility in the equity markets, and an increasing amount of SPAC domain expertise has made SPAC a very viable and exciting product,” Sameer shares. “The biggest change, however, that we have seen is the focus away from value and towards growth.