WE ARE THE INDUSTRY-LEADING SPAC ADMINISTRATOR
SPAC IPO, business combinations and post public offering services are particular areas of our expertise.
Continental’s unique proprietary platforms oversee SPAC trust assets and for the stages of business combination/redemptions. As the industry-leading SPAC administrator since 2003, we have handled over 95% of the SPACs brought to market over the past 20 years. Likewise, we have overseen all aspects of 500 SPAC business combinations. It is for these reasons that Continental is recognized as the precedent in the oversight and administration of SPACs.
THE PATH TO MARKET
We are the SPAC & IPO experts, having managed 60% of all IPOs since 2020. We have acted as transfer agent & trustee for 1,000+ SPACs over the past 30 years, representing 95% of the market.
Read below for a road map of how it all works.
WHAT IS A SPAC?
SPACs (Special Purpose Acquisition Companies)
are public corporations newly formed by sponsors specifically for the purpose of raising capital in an initial public offering (IPO), and using the proceeds to make a business combination by acquiring one or more targeted private companies.
WHO IS INVOLVED?
The sponsors of the SPAC select a team of lawyers and underwriting banks, accountants, a transfer agent for the securities, an asset manager, and a trustee like CSTT to hold and manage the IPO funds.
WHAT IS THE PROCESS?
The SPAC will sell “units” in the IPO and will be separable into the share and warrant post- IPO.
Funds that were placed in the trust account at the IPO closing are moved to the asset management bank, which will then be invested in accordance with the SPAC’s directions.
SPACs have grown in popularity from being a specialty niche market to a global, multi-billion dollar vehicle.
BENEFITS OF WORKING WITH CONTINENTAL
OUR EXPERTISE & ACCESSIBILITY
- Leading SPAC administrator for 30 years
- Unparalleled access to the most experienced asset managers focused on SPACs
OUR INNOVATION & PROPRIETARY
- Proprietary redemption process affords unparalleled access and response capabilities relative to redeeming holders
- Proprietary process for tracking deal extension related activities