Riding Out the SPAC/DE-SPAC Wave – What Directors Need to Know

BDO in the Boardroom

Join BDO's Center for Corporate Governance Amy Rojik as she sits down with Demetrios Frangiskatos, Assurance Northeast Regional Managing Partner, to discuss the frenzy of SPAC and resulting De-SPAC transactions and in particular, considerations that board members should be thinking about if thinking of or selected to be affiliated with the acquirors or acquirees.

Key Takeaways:

• Good governance at the board level enacted at the outset of the SPAC transaction process is becoming an important differentiator
• Speed of an operating company becoming a public filer accelerates the need for public company experience in both the management team and the board
• Integration of the target company requires directors to have a strong understanding of technology, financial and operating systems, internal controls, regulatory filing requirements, accounting and financing complexities, and overall fiduciary governance responsibilities
• Critical to have a solid understanding of current deal terms, regardless of what side of the transaction you may be