SPAC Deals With Reduced Promotes Outperform Others

sponsor-promotes

SPAC Deals With Reduced Promotes Outperform Others

Many things go into an M&A transaction negotiation, but one of the most common points at issue in SPAC deals is the fate of the sponsor’s promote. While the two sides might wrangle back and forth on the target’s valuation and potential earnout consideration, it is also common for the sponsor to agree to concessions
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