Benefits to Our Merger Partner

KBL has attractive features vs. an IPO 


Shorter SEC review process and no IPO backlog / calendar

Pricing Risk

Pre-negotiated transaction with less exposure to unpredictable market conditions on a particular day/week

Cash to Sellers

Can receive cash at close versus being locked up

3-4% in deferred fees vs 6-7% in IPO underwriting fees


Benefit from SPAC team, existing management and investors, potential PIPE investors in addition to just investment banks


Benefit from additional strategic and financial resources of SPAC team