SPAC financial close includes recording relevant entries in entity’s accounting system as well as preparation...
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Accounting
SPAC Equity Forward Agreements
Some SPACs signed a forward purchase agreement (FPA), an arrangement that obligates SPAC to issue to its sponsor
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SPAC Accounting Issues
If SPAC's management identify an appropriate target, it must then seek a shareholder approval the proposed...
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Accounting for SPAC Transaction Cost
For stock classified as equity, direct and incremental costs related to its issuance should be accounted for as...
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Accounting for SPAC Warrants
As part of the IPO, SPACs issue its founders warrants, i.e., equity-linked instruments that give SPAC’s founders...
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SPAC Process and Lifecycle
SPAC or a special purpose acquisition company is a shell company listed on a stock exchange with the purpose...
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Government Grants: PPP Loans, ERC Program
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided substantial funds as economic incentives
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Impact of ASU 2020-06 on accounting for convertible debt
The impact of ASU 2020-06 is somewhat intertwined with existing (legacy) accounting for convertible debt...
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Convertible Debt
Key question relating to accounting for convertible debt is how to account for the conversion feature embedded in debt sometimes referred...
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Down Round Protection
Many companies obtain financing through more than one round of transactions in which they issue equity or equity-linked instruments.
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