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The NEO Special Purpose Acquisition Corporation (“SPAC”) is a publicly traded vehicle designed to enable large private companies with meaningful growth potential, or a combination of smaller private growth companies, to access capital and go public with substantially reduced risks.

Investors in a SPAC are provided with the opportunity to invest in an experienced management team seeking to acquire or merge with high-potential growth companies, while benefitting from robust investor protection mechanisms.

Other similar listed vehicles have not been designed to address the large growth company opportunity and, in the case of a Capital Pool Company ("CPC"), may expose investors to significant risks.

The structure and features of the SPAC embody a rigorous review process and enhanced investor protection that ultimately lead to quality transactions. Also critical to the success of a SPAC is its listing strategy. Benefitting from the experience of 10 SPAC listings, NEO provides SPAC issuers with a wealth of insights and recommendations regarding such strategy at the time of listing and at the time of the qualifying transaction (“QT”).

NEO SPAC Key Features

  • A minimum IPO of at least $30,000,000, at least 90% of which must be held in escrow
  • Founders’ equity ownership in the SPAC of not more than 20% immediately following the closing of the IPO excluding any securities purchased at or prior to the closing of the IPO at not less than the IPO price
  • A QT to be completed within 36 months
  • The QT resulting issuer must meet NEO’s initial listing standards
  • A prospectus in connection with the SPAC IPO and QT
  • A redemption feature for the IPO investors at the time of the QT
  • The QT is not subject to shareholder approval if 100% of the funds resulting from the IPO are held in escrow
  • In the event the SPAC fails to complete a QT within the permitted time, the escrowed funds will be returned to the investors on a pro rata basis

Learn more or arrange a pre-filing meeting to qualify | (416) 933.5959