SPAC Readiness

Transform your growth trajectory through strategic SPAC merger guidance from evaluation to public company success.

Contact us

SPAC readiness services 

As market volatility continues to impact traditional IPO activity, SPAC (Special Purpose Acquisition Company) mergers have emerged as an increasingly attractive path to public markets. While the allure of a seemingly quick and efficient route to going public is undeniable, the reality behind successful SPAC transactions (also known as a de-SPAC transaction upon a SPAC entity closing its merger with a target company) is far more complex.  

The compressed timeline and unique demands of SPAC mergers—including rigorous PCAOB audit requirements—create challenges that catch many private companies unprepared, often leading to transaction failure or post-merger struggles. 

Our SPAC readiness team brings together seasoned advisors from technical accounting, SEC advisory, risk assurance, transaction advisory, and regulatory compliance to support your journey from private company to public entity. We work alongside your leadership team throughout the entire SPAC process, providing the strategic insight and hands-on support you need to navigate this fast-moving process successfully. 

What is SPAC readiness? 

SPAC readiness encompasses the comprehensive preparation required for companies considering or pursuing a merger with a special purpose acquisition company. Unlike traditional IPOs, SPAC transactions typically move at an accelerated pace, often targeting completion within 3-6 months from initial discussions to closing. This compressed timeline means your organization must be prepared across financial reporting systems, robust internal controls, governance structures, and PCAOB audit requirements before entering serious negotiations. 

One critical reality that many private companies overlook is that SPAC due diligence rarely focuses on audit and financial reporting readiness—yet these are precisely the areas where transactions often fail. The rigorous demands of public company reporting standards require substantial preparation that can’t be accomplished during the transaction timeline itself. 

The SPAC readiness process involves three critical phases: strategic evaluation, transaction readiness, and post-merger integration. During evaluation, we help you assess whether a SPAC merger aligns with your business objectives and current operational readiness. Transaction readiness applies the same disciplines as an IPO, tailored to a de-SPAC timeline – PCAOB audited financials, quarterization, MD&A proformas, SEC filings (S4/proxy), Sarbanes-Oxley compliance, governance and listing requirements—while coordinating diligence and advisory workstreams. Post-merger integration addresses the immediate challenges of operating as a newly public company while maintaining business momentum. 

Why SPAC readiness matters for your business

While SPAC mergers offer speed and perceived advantages over traditional IPOs, inadequate preparation creates significant risks that impact both transaction success and long-term public company performance. From our experience working with private companies targeted by SPACs, we’ve observed that many transactions fail simply because companies aren’t prepared for the rigorous demands of becoming public. 

The substantial costs associated with public company preparation can become a major cash outlay with no upside if your transaction fails due to unpreparedness. Even when transactions succeed, another critical challenge emerges: often it can be the case that nearly all funds held in trust are redeemed by SPAC investors, leaving your newly public company with very little actual operating cash from the deal. This scenario can create immediate pressure to raise additional capital after going public, adding further financial strain during your critical transition period. 

Companies that enter SPAC discussions unprepared commonly face: 

  • Failure to meet PCAOB audit standards and accelerated audit timelines 
  • Delays in due diligence processes that can jeopardize deal completion 
  • Financial reporting and ERP systems insufficient for public company requirements 
  • Inadequate internal controls that fail to meet SOX compliance standards 
  • Operational disruptions during the critical transaction and transition period 
  • Wasted time, resources, and capital when transactions fail due to unpreparedness 
  • Post-merger cash shortfalls requiring immediate additional fundraising 
  • Difficulty meeting SEC reporting deadlines from day one of public trading 

The best way to mitigate these risks is through comprehensive SPAC readiness preparation that addresses both transaction-specific requirements and long-term public company obligations. 

How our SPAC readiness services support your success 

Our comprehensive SPAC readiness services are designed to address the unique challenges of this accelerated path to public markets.

Strategic evaluation and planning: We help you assess whether a SPAC merger aligns with your business strategy, evaluate potential sponsors, and develop a roadmap that positions your company for a successful de-SPAC transaction. 

PCAOB audit and financial reporting readiness: Our technical accounting specialists focus specifically on the audit and financial reporting preparedness that SPAC due diligence often overlooks, helping you build the robust financial infrastructure required for public company operations. 

Due diligence support: We provide comprehensive due diligence assistance that helps accelerate the process while maintaining accuracy and completeness, reducing the risk of delays or renegotiation. 

Regulatory and governance readiness: Our SEC compliance professionals help you navigate the complex regulatory requirements of SPAC transactions while establishing governance structures that support long-term success. 

Post-merger integration planning: We develop detailed plans for your first days and months as a public company, helping you maintain operational excellence while meeting new reporting and compliance obligations. 

Working with BPM throughout your SPAC readiness process helps you maintain focus on core business operations while building the foundation for public company success. Our integrated approach reduces complexity, accelerates preparation timelines, and positions your organization for sustainable growth in public markets. 

Is your company SPAC ready? 

Whether you’re actively exploring SPAC opportunities or considering this path for future growth, early preparation creates significant advantages. The accelerated timeline of SPAC transactions rewards companies that have invested in readiness before entering serious discussions with potential sponsors. 

We’re committed to helping you evaluate whether a SPAC merger aligns with your strategic objectives and, if so, preparing your organization for success throughout the entire process. From initial assessment through post-merger integration, we’ll be your trusted partner in navigating this transformative journey. 

Ready to explore your SPAC readiness options? Whether you’re building toward a SPAC transaction or exploring alternatives to traditional IPO processes, let’s discuss how BPM can support your path to public markets. Our team is ready to help you evaluate your options and develop a strategy that aligns with your business objectives. 

Start the conversation

Looking for a team who understands where you’re headed and how to help you get there? Whether you’re building something new, managing growth or preserving success, let’s talk.