Скачать или смотреть Skin in the Game: Sponsor Risk Capital

You might think SPAC sponsors just show up and collect a payday.

But the good ones? They put real skin in the game.

Most sponsors invest millions of dollars in risk capital just to launch the IPO.

If they don’t close a deal in 2 years, they lose it all.

That’s high-stakes conviction — not just compensation.

And it’s one of the clearest ways to judge sponsor alignment with investors.

Talking Points:

Sponsors typically cover the risk capital upfront.
This covers legal, IPO, and administrative costs.
If no deal is completed, that capital is lost.
It’s one of the clearest signals of sponsor alignment with public investors.
Also used to buy private placement warrants (not in the public trust).