E: Evaluate Targets.
Once capital is raised, the search for an acquisition begins.
Sponsors typically have 18–24 months to identify and close a deal. During this period, the team evaluates private companies that meet their stated criteria. This involves outbound sourcing, inbound deal flow, advisor relationships, and proprietary networks.
Targets are evaluated based on growth potential, market position, scalability, and readiness for public markets. Due diligence begins early, often before a formal Letter of Intent (LOI) is signed.
Sponsors are under pressure — the clock is ticking, and credibility depends on finding a quality company with strong fundamentals and a compelling story.
Disclaimers:
The views, opinions, and statements expressed by the guest are solely their own and do not necessarily reflect the views of The SPAC Podcast, its hosts, or affiliated organizations. This content is for informational purposes only and should not be construed as investment, legal, tax, or accounting advice.
Michael J. Blankenship is a licensed attorney and is a partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is intended for informational and educational purposes only and should not be interpreted as legal, financial, or compliance advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the official policies or positions of any regulatory agency, law firm, employer, or organization.
Listeners are encouraged to consult their own legal counsel, compliance professionals, or financial advisors to ensure adherence to applicable laws and regulations, including those enforced by the SEC, FINRA, and other regulatory bodies. This podcast does not constitute a solicitation, offer, or recommendation of any financial products, securities transactions, or legal services.
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