Armanino Launches SPAC Accelerator Advisory Service

Coming off a year during which special-purpose acquisition companies (SPACs) broke funding records, San Ramon, Calif.-based IPA 100 firm Armanino LLP has teamed with cyber, security, safety and privacy platform NightDragon to launch a new SPAC Accelerator advisory service, which aims to help mitigate deficiencies in expertise, PCAOB compliance readiness and overall strategic direction for companies pursuing SPACs.

The Armanino-NightDragon offering assesses every part of a company’s operations, identifies areas for improvement and deploys a team of specialists to make recommended changes, taking into account such areas as the management team and boardroom, the sales and marketing strategy, finance preparedness, and engineering and technology maturity.

“In recent years, most companies acquired through a SPAC have seen a number of deficiencies and weaknesses discovered through the public audit,” says Tom Mescall, PIC of consulting at Armanino. “Our advisory service is designed to preemptively address any potential issues, including leadership, personnel, operations, accounting and financial reporting, internal controls and more.”

More news from Armanino LLP