Communications and advisory firm ICR today announced the launch of its SPAC Liquidation Communications Services offering, which provides SPAC Sponsors with the strategic advice and support to properly communicate with investors during the liquidation and de-listing of a SPAC.
“Based on the combination of current market conditions and the very large number of SPACs seeking transactions, we recognize not every SPAC will consummate a merger,” said Phil Denning, an ICR partner. “Those SPACs that find themselves in this predicament must be aware that in addition to stock exchange notification requirements, there are other important communications details to consider when managing a SPAC liquidation and de-listing process.”
ICR in a press release said it has worked on more than 120 transactions since the start of 2021.
“Whether it is the Sponsor’s only SPAC, or if they have sponsored multiple SPACs, there are reputational considerations to consider when announcing the decision to liquidate,” added Denning. “There are clear disclosure requirements but there are also best practices to consider to make sure the liquidation is properly managed.” Read more.
