Why Fairness Opinions Matter in DESPAC Transactions
Ryan McGuire explains why fairness opinions are essential in DESPAC transactions. He outlines how they protect shareholders, align interests between sponsors and investors, and prevent deal structures that could harm equity holders.
Hosted by Michael Blankenship, this conversation dives into how fairness opinions shape accountability and trust in SPAC deals.
Guest: Ryan McGuire: https://www.linkedin.com/in/ryanquinnmaguire/
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Michael J. Blankenship - https://www.linkedin.com/in/mikeblankenship/
Joshua Bruce Wilson - https://www.linkedin.com/in/joshuabrucewilson/
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The views, opinions, and statements expressed by the guest are solely their own and do not necessarily reflect the views of The SPAC Podcast, its hosts, or affiliated organizations. This content is for informational purposes only and should not be construed as investment, legal, tax, or accounting advice.
Michael J. Blankenship is a licensed attorney and is a partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is intended for informational and educational purposes only and should not be interpreted as legal, financial, or compliance advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the official policies or positions of any regulatory agency, law firm, employer, or organization.
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Let’s Connect on LinkedIn:
👉 Michael J. Blankenship - https://www.linkedin.com/in/mikeblankenship/
👉 ...
Michael Blankenship:
Thanks, Ryan. So, when you look at SPACs, or a de-SPAC transaction, why is a fairness opinion necessary?
Ryan McGuire:
Great question. The fairness opinion is really important in the de-SPAC process to make sure that shareholders’ interests are aligned with those of the SPAC sponsors, and that all investors have fairly represented interests.
Sponsors are ultimately going to be paid handsomely for closing deals, but we don’t want that to come at the cost of other individuals being hurt by those transactions.
So, a fairness opinion is a valuation that determines whether or not the transaction is fair for all parties.