The SPAC sponsor and management are often absorbed in searching for, performing due diligence on, and closing the acquisition of the target company. In these instances,
The entire SPAC universe benefits from readiness certification:
Underscore your unique story by confirming that you put readiness preparation front and center, setting yourself apart from uncertified SPACs.
If a sponsor has a Z-SPAC certification,
it signals they have prioritized readiness, among other first-order responsibilities.
it demonstrates support for the Audit Committee’s shared role in oversight and governance.
it communicates that a readiness-centered transition plan is in place.
it underscores the need for robust internal controls.
The Z-SPAC Readiness Certification Committee meets as needed to discuss issues related to each De-SPAC client, then holds a final meeting before the issuance of the Z-SPAC Readiness Certification. At that point, the committee determines whether — based on the elements taken as a whole, and other considerations — the SPAC exhibits a reasonable standard of preparation at the conclusion of the De-SPAC stage to operate as a public company.
The Z-SPAC Readiness Certification from Zukin Certification Services, issued in the form of a letter, is available for use in public disclosures under the conditions of our retention.
Achieving a state of readiness as an operating public company is the joint and separate responsibility of the sponsor, Board of Directors, Audit Committee, accounting firms, legal advisors, and underwriters.