2020 was the year of the special purpose acquisition company (SPAC) initial public offerings (IPOs). The somewhat controversial method of going public represented more than half of all IPOs last year. The growth in popularity of SPACs has been evident … Continue reading
Category Archives: Corporate + Legal
A Look Back at 2020
As 2020 comes to a close, it’s fair to say we’re all looking forward to the New Year; 2020 brought a year of uncertainty, filled with unprecedented events surrounding the Coronavirus pandemic that shook the world. However, despite the challenges, … Continue reading
Withum, Marcum Lead Auditors for Blank Check IPOs
When it comes to blank check initial public offerings (IPOs), two firms dominate the market: Withum and Marcum. Together, these two firms account for 90.2% of all blank check IPOs from January 1, 2019 to September 30, 2020, with 156 … Continue reading
Q3 2020 IPOs: Auditor Market Share and Stats
There were a staggering 165 initial public offerings in U.S. markets between July 1, 2020 and September 30, 2020. Together, these IPOs raised over $61.5 billion for the quarter – an increase of over $43 billion from last quarter and … Continue reading
Internal Control Weaknesses Following an IPO
Private companies must undertake certain regulatory obligations in order to conduct an Initial Public Offering (IPO). In addition to preparing financial statements and complying with appropriate accounting standards, a company considering going public must also assess their system of Internal … Continue reading
SEC Comment Letters: A Nine Year Trend
A review of SEC comment letters on forms 10-K, 10-Q, and 8-K shows that the trend of comment letters has continued to decline. Between 2018 and 2019, the number of comment letters fell by roughly 30%; similarly, between 2017 and 2018, there … Continue reading
Trends in SEC Bankruptcy Filings Related to Oil Prices
The sharp decline in oil prices at the beginning of 2020 amidst the COVID-19 pandemic has led to increased speculation about the state of the economy and potential impacts on the financial health of public companies. The collapse of oil … Continue reading