NEW YORK--(BUSINESS WIRE)--ICR, a leading strategic communications and advisory firm, today announced the launch of its SPAC Liquidation Communications Services offering, providing SPAC Sponsors with the strategic advice and necessary support to properly communicate with investors during the liquidation and de-listing of a SPAC.
“Based on the combination of current market conditions and the very large number of SPACs seeking transactions, we recognize not every SPAC will consummate a merger,” said Phil Denning, Partner, ICR. “Those SPACs that find themselves in this predicament must be aware that in addition to stock exchange notification requirements, there are other important communications details to consider when managing a SPAC liquidation and de-listing process.”
Leveraging its experience as the largest advisor and communications consultant to SPACs, having worked on more than 120 transactions since the start of 2021, ICR is positioned to advise those sponsors that choose to, or are unable to, execute a business combination in the current market environment.
“Whether it is the Sponsor’s only SPAC, or if they have sponsored multiple SPACs, there are reputational considerations to consider when announcing the decision to liquidate,” added Denning. “There are clear disclosure requirements but there are also best practices to consider to make sure the liquidation is properly managed.”
ICR is the largest advisor and communications consultant to SPACs, having worked on more than 120 transactions since the start of 2021. To obtain a copy of ICR’s Q2 2022 SPAC Market Update report, please click here.
About ICR
Established in 1998, ICR partners with its clients to execute strategic communications and advisory programs that achieve business goals, build awareness and credibility, and enhance long-term enterprise value. The firm’s highly-differentiated service model, which pairs capital markets veterans with senior communications professionals, brings deep sector knowledge and relationships to approximately 1,000 clients across more than 20 industry groups. ICR’s healthcare practice operates under the Westwicke brand (www.westwicke.com). Today, ICR is one of the largest and most experienced independent communications and advisory firms in North America, maintaining offices in New York, Norwalk, Boston, Baltimore and Beijing. Learn more at www.icrinc.com. Follow us on Twitter at @ICRPR.
