EisnerAmper Launches SPAC Group
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NEW YORK, May 24, 2021 /PRNewswire/ EisnerAmper is pleased to announce that it has launched a new group focused on servicing special purpose acquisition companies ( SPACs ).
Nina Kelleher, EisnerAmper Director and SPAC Team Leader
Jay Weinstein, EisnerAmper Vice-Chair of Industries & Markets
A SPAC is an entity formed by investors or sponsors with specific sector expertise in order to raise public capital and pursue future acquisitions. It is specifically created to buy an existing private company after the IPO process. With increased regulations and sponsor activity, SPACs face a variety of challenges including SEC reporting requirements, implementation of new standards, diligence and integration issues, technical accounting needs, financial statement audit and internal control compliance.