In the last two years, Special Purpose Acquisition Companies (SPACs) have overtaken the initial public offering (IPO) as the predominant route for private companies to go public, comprising 58% of total US IPOs in the first half of 2021.
As the popularity of SPACs continues to sweep the investment world, it is important for potential SPAC stakeholders to understand the importance of prioritizing Sarbanes-Oxley (SOX) readiness when facing significantly accelerated SPAC timelines.
SOX Readiness for SPACs: 6 Leading Practices, coauthored by AuditBoard and Deloitte & Touche LLP., will provide an introduction to SPACs and expand on recognized practices for SOX readiness on a SPAC timeline, including:
- A typical SPAC lifecycle and timeline.
- Differences between SPAC IPOs and Traditional IPOs.
- Importance of considering SOX readiness ahead of a SPAC merger.
- 6 leading practices for SPAC targets to prepare for SOX.