Reynolds Holding

MAY 10, 2023

The SPAC Boom and Subsequent Contraction Most of today’s de-SPACed companies are the result of the boom in SPAC fundraisings in 2020 and 2021, when there were 861 SPAC initial public offerings (IPOs), accounting for more than half of all IPOs in both years. 3 The SPAC IPO market began to wane in late 2021 and contracted further in 2022.

Going Concern Value 49

Going Concern Value Finance Equity Technology 49

Shephard Mullin M&A

JUNE 8, 2023

By early 2021, the industry had effectively made a full recovery in spite of supply chain and inventory challenges and M&A activity in this space rebounded accordingly, with a record 383 transactions completed in 2021, and an estimated 374 transactions completed in 2022. Despite larger U.S.

Finance 52

Finance Going Concern Value Book Value Marketability 52

Reynolds Holding

APRIL 10, 2023

The second difference is the “inherently more qualitative” nature of sustainability information than traditional financial reporting; the “goal is to produce information so that users may assess short-, medium-, and long-term future performance and expectations that relate to an ultimate enterprise value (or going concern value).”

Compliance 45

Compliance Going Concern Value Start-ups Enterprise Value 45