JUNE 11, 2024

4:00 PM

Registration opens in the late afternoon

4:40 PM - 4:45 PM

Welcoming Remarks

speaker-1

Doug Ellenoff

Partner
Ellenoff Grossman & Schole

Speaker

4:45 PM - 5:05 PM

Presentation

Distressed Opportunities in Cross-Border SPAC Acquisitions

  • Overview of the tumultuous SPAC transactions in the past few years
  • Reasons people left and returned to SPACs
  • Why the future of SPACs is bright and how to maximize its potential

speaker-1

Dan Nash

Co-Founder, Head of Investment Banking
Cohen Capital Markets

Speaker

5:05 PM - 5:25 PM

Presentation

IPOs at Historic Lows: Will Bank Underwriting Fees Begin to Stabilize?

  • Discussion of SPACs for growth capital in small-cap and mid-cap companies
  • Business combinations for deploying capital
  • Supporting data to prove SPACs are back

speaker-1

Steve Levine

CEO
EarlyBird Capital

Speaker

5:25 PM - 5:45 PM

Presentation

Elements of a Seamless and Successful SPAC Transaction

  • Defining the elements of a seamless SPAC transaction
  • How to gauge success throughout the journey
  • Communicating with the key players in a successful SPAC transaction

speaker-1

Matt McCloskey

Managing Director
I-Bankers Securities

Speaker

5:45 PM - 6:10 PM

Presentation

Getting to the Finish Line With deSPAC Mergers

  • Considerations in deSPAC mergers
  • Getting all the elements together for success
  • Focus on regulations, compliance, and moving forward after deSPAC

speaker-1

Ed Kovary

Managing Director, Head of SPAC Capital Markets
BTIG

Speaker

6:10 PM - 6:15 PM

Closing Statement

speaker-1

Mitch Nussbaum

Vice Chairman; Co-Chair, Capital Markets & Corporate
Loeb & Loeb

Speaker

6:30 PM - 7:30 PM

Dinner, speakers and entertainment

7:30 PM - 9:00 PM

After party (Westchester Room and Patio)

JUNE 12, 2024

8:00 AM - 9:00 AM

Breakfast

9:00 AM - 9:15 AM

Opening Remarks

9:20 AM - 9:40 AM

Presentation

State of The Market - SPACs Yesterday, Today, and Tomorrow

  • Review the recent SPAC history and reasons for highs and lows
  • Current SPAC deals revealing successes and failures
  • What the SPAC market looks like for 2024 and beyond

speaker-1

Doug Ellenoff

Partner
Ellenoff Grossman & Schole

Speaker

9:45 AM - 10:05 AM

Presentation

Let the SPAC Pendulum Swing: What's in Store for Q3 and Q4

  • Overview of current SPAC conditions
  • Projections about Q3 and Q4
  • Data to support the future of SPACs

speaker-1

Mitch Nussbaum

Vice Chairman; Co-Chair, Capital Markets & Corporate
Loeb & Loeb

Speaker

10:10 AM - 10:45 AM

Round Table

Getting Better SPAC Deals Done in 2024 and Beyond

  • Better and best practices for marketing the transaction and converting the shareholder base
  • Managing dilutive instruments in the capital structure, optimizing liquidity and float, and transacting with smaller and/or aging SPACs
  • Optimizing readiness, governance and transaction management

speaker-1

Mark Schwartz

IPO and SPAC Capital Markets Advisory Leader
Ernst & Young

Speaker

speaker-2

Karim Anani

Americas FAAS Transaction Leader
Ernst & Young

Speaker

10:45 AM - 11:15 AM

Networking Break

11:20 AM - 12:05 PM

Panel

How Intellectual Property Rights Factor Into SPACs

  • Innovation and intellectual property as assets to promote growth
  • Protecting your market position through due diligence
  • Determining IP factors based on industry

speaker-1

Jenn Calabrese

Founder & CEO
Calabrese Consulting LLC

Panelist

speaker-2

Disha Patel

Partner
Withum

Panelist

speaker-3

Henry Rogano

Senior Investment Associate
Meteora Capital

Panelist

12:10 PM - 12:30 PM

Presentation

SPAC By the Numbers: The Data Defines Successes and Mishaps

  • Overview of the SPAC market yesterday and today
  • Discussion of data supporting SPAC successes and failures
  • Future projections and opportunities based on the facts

speaker-1

Ben Kwasnick

Founder
SPAC Research

Speaker

12:35 PM - 12:55 PM

Presentation

Heading Down the PIPEline to SPACs

  • New SEC guidelines impact on PIPE deals to fund SPACs pursuant to IPOs
  • Differences in deal structure and liability mitigation
  • Comparisons to previous practices

speaker-1

Teresa Goody-Guillen

Partner
BakerHostetler

Speaker

1:00 PM - 2:00 PM

Lunch

2:00 PM - 2:55 PM

Panel

SPAC-tavism - When Shareholder Activism and SPACs Meet

  • Discussion of the new wave of activism in SPACs
  • Importance of board selection and other activist factors
  • Using SPAC-tivism to fuel success

speaker-1

Donna Ackerly

Founder & CEO
Lioness

Panelist

speaker-2

Elena Nuñez Cooper

CEO
Ascend PR

Panelist

speaker-3

William Dooley

Director - M&A and Activism Advisory Group
Morrow Sodali

Panelist

speaker-4

Elliott M. Smith

Partner
White & Case

Panelist

2:35 PM - 3:00 PM

Presentation

Is a SPAC Renaissance Imminent? The Regulatory and Political Impact on SPAC Evolution

  • SPAC history and evolution based on regulatory and political factors
  • Future projections based on SEC regulations and post-election
  • Discussion of a potential SPAC Renaissance and its possible impact

speaker-1

Kristi Marvin

Founder
SPACInsider

Speaker

speaker-2

Tina Pappas

Managing Director
Jefferies

Speaker

3:00 PM - 3:20 PM

Fireside

Facing SPAC Regulations Effectively: Liabilities and Risks in SPACs

  • Discussion of Safe Harbor elimination extension on financial projections
  • Mitigating risks, voting for extensions, and the pressure to deSPAC
  • Overview of recent redemption rates and balancing the future

speaker-1

Destiny Hance

Vice President Equity Research
Ladenburg Thalmann

Speaker

speaker-2

Carla Kwarteng Amaning

Partner
CFGI

Panelist

3:20 PM - 3:50 PM

Networking Break

3:50 PM - 4:45 PM

Panel

Is SPAC a Four-Letter Word? The SPAC Comeback and deSPACs

  • Review of the SPAC market including its recent fall
  • Discussion of due diligence and SPAC making a comeback
  • Overview of SPAC updates, deSPACs and how they make a difference

speaker-1

Yelena Dunaevsky

Senior Vice President & Partner
Woodruff Sawyer

Panelist

speaker-2

Taylor Sherman

Director, Restructuring and Dispute Resolution Services
CohnReznick

Panelist

4:50 PM - 5:10 PM

Fireside

Deep Dive: The Cost of Compliance in SPACs

  • Impact of SPAC sponsor track history disclosure on co-sponsor deals
  • Structural and financial changes target companies need for SEC compliance
  • Cost of fees in SPAC deals now versus pre and during the pandemic

speaker-1

Steve Kaplan

Managing Director
Ladenburg Thalmann

Speaker

speaker-2

Brian Zucker

Partner
RRBB

Speaker

5:15 PM - 5:35 PM

Presentation

Taking it to the Street: Reverse Mergers and Cross-Border SPAC Transactions

  • New SPAC regulations and current differences from reverse mergers
  • Cross-border SPAC transactions and what's happening in other countries
  • Going offshore and going public in the US

speaker-1

Joanne Chiu

Partner, COO & Chairperson
Kreit & Chiu, CPA LLP

Speaker

5:30 PM - 7:00 PM

Cocktail Reception

THE AGENDA

The SPAC Conference is the place where the industry’s thought-leaders gather to discuss near-term strategies for deal-making and long-term trends in the market. Attendees will learn from the most experienced and respected professionals working in SPACs today. Their panels and presentations give context to the current state of the market, while considering the future of what’s to come and how best to prepare.

Here are just a few of The SPAC Conference 2024 topics in development

SPAC liability under Inflation Reduction Act

  • Blank-check firms would pay a 1% excise tax on redemptions
  • What is the liability for SPAC sponsors if the company is unable to pay?
  • Impact on investors
  • Stressors this can place on deal making

Reducing deSPAC litigation risks

  • Post-merger shareholder lawsuits on the rise
  • Case examples and the cause of action behind them
  • Fostering transparency from the point of deal announcement
  • Types of disclosure lapses (especially SPAC sponsor payouts) that lead to trouble

Why a PIPE raise is more important in 2024 than ever before

  • Skittish shareholders redeemed stock at a higher rate in 2023 than in the three years preceding
  • Shrinking trust accounts represent a vote of no-confidence, putting deals at risk
  • PIPE funds now an integral part of most deals with a minimum cash condition
  • Don’t wait: Why it’s better to pursue a PIPE soon after the SPAC IPO, not months later

Convincing shareholders to stick with the deal

  • SPACs seeing higher redemptions when management strays from initial acquisition thesis
  • Selling shareholders on the deal long before the vote
  • Using proactive communication to promote shareholder loyalty
  • Renewing focus not on reaching just a deal, but securing the right deal

Positioning for an advantage after “too-hot” SPAC market

  • Natural selection is sorting out the once red-hot SPAC market
  • Why this creates opportunity for quality SPACs to do deals while others fade away
  • What sponsors should do from the onset to attract and retain investors
  • Lessons learned from the over-saturated SPAC market of recent years

Improving proxy preparation

  • The value of crafting a concise, candid proxy with less legalese (while covering all legal bases)
  • Shareholder messaging that grabs attention and persuades
  • Including compelling information on why the acquisition is good for the SPAC’s investors
  • Why calling an extension vote is meaningless without disclosure of merger efforts to-date

NRAs are killing sponsor profits (and what to do about it)

  • Non-redemption agreements continue to eat into founders’ shares, reducing management’s profit on an eventual deal
  • Why NRAs are really just the SPAC equivalent of putting a Band-Aid on a Band-Aid
  • SPACs with secured PIPEs typically have less need to fall back on NRAs
  • Insights on reducing the chance an NRA will become necessary

Sectors to watch in 2024

  • The expectation of easing Fed rates should accelerate interest in private companies going public
  • Is this the year for ESG to shine?
  • Have electrical vehicle companies, both terrestrial and aerial, already had their day in the sun?
  • Investors remain wary of tech and biotech firms (burn me once, shame on you; but burn me twice….)

Can anything be done to control SPAC costs?

  • With IPOs at historic lows, will banks’ underwriting fees begin to stabilize?
  • Managing legal and accounting expenses
  • Are warrants to early institutional investors sustainable in the current environment?
  • How sponsor shares are calculated and impact on stockholders

What to learn from hedge funds making money off SPACs

  • SPACs offer potential returns for limited risk, an appealing quality for hedge funds
  • Confidence: retail investors may view hedge fund-backed SPACs as a better investment
  • Hedge funds understand dilution from free warrants and other perks given to early investors before committing
  • The paradox: why hedge fund strategies work only if other investors believe a SPAC will find a viable merger partner