June 20, 2025
Approval Process
“Shareholder Vote & Redemption Window”
Welcome back to The SPAC Podcast. We’re almost at the final stage of our SPECIAL series.
So far, we’ve covered:
- S: Sponsor Setup
- P: Public Raise
- E: Evaluate Targets
- C: Combination Planning
- I: Investor Engagement
Now we’re at A: Approval Process.
After marketing and regulatory filings, the deal goes to a shareholder vote. Public shareholders can choose to redeem their shares for their portion of the trust — with interest — regardless of whether they vote for or against the deal.
Because of this, redemption risk is a key concern. PIPEs, backstop agreements, and minimum cash conditions all play a role in ensuring deal certainty.
Once the vote is passed and redemptions are handled, the deal is nearly complete.
