WE ARE THE WORLD’S LEADING SPAC PROCESSOR
SPAC IPO and post IPO 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, we have handled over 400 SPAC IPOS, with a total value of over $60 billion raised. Likewise, we have overseen all as aspects of 185+ SPAC business combinations. It is for these reasons that Continental is recognized as the gold standard in the oversight and administration of SPACs.
LEARN ABOUT OUR SPAC SERVICES
THE PATH TO MARKET
Continental has been handling SPACs for 30 years. We have acted as transfer agent & trustee for over 400 IPOs. In 2019 we handled 51 transactions totaling $11.9 billion. We are proud to be engaged in 63 new SPAC relationships by August 2020.
We understand the SPAC process and your needs. Read below for a road map of how it all works.
WHAT IS A SPAC?
SPACs or “BLANK CHECK 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.
Since the advent of the modern SPAC in 2003, 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
- Appointed by 95% of SPACs in 2020
- 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
LEARN MORE ABOUT THE BREADTH OF OUR EXPERTISE:
Click on one of the quick links below to discover the services and experience we offer.
Connect with Francis Wolf or Mark Zimkind