SPAC Advisory

We draft the financial sections, disclosures, and footnotes required for the initial blank-check IPO. We also prepare the entity for its initial PCAOB audit and manage ongoing SEC compliance filings (Forms 10-Q, 10-K, and 8-K) while the sponsor searches for a target business.

Yes. Many of our clients are scaling rapidly and need institutional-grade technical expertise but aren’t ready for a full-time, permanent hire. We provide scalable support, plugging into your current financial reporting framework to provide fractional CFO, controller and SEC Directors, to lead your financial reporting function for transaction or on-going support. 

We prepare the financial disclosures, pro forma financial statements, and the Management’s Discussion and Analysis (MD&A) section required for the Form S-4, F-4 or proxy statement. We also build the audit-ready workpapers and schedules for the target company’s historical financial periods.

Target companies must present two to three years of audited financial statements meeting PCAOB standards. We reconstruct historical accounting records, build detailed rollforwards and schedules, and prepare technical memos to ensure the historical financials are audit-ready before the external auditors begin fieldwork.

Yes. We prepare the pro forma financial information required under Regulation S-X. This documentation shows the combined financial impact of the SPAC and the target operating company as if the transaction had occurred at the beginning of the period presented.

We draft technical accounting memos and calculate adjustments for transaction structures unique to SPACs. This includes reverse recapitalizations, public and private warrant liabilities, debt-to-equity conversions, earn-out structures, and stock-based compensation modifications.

We manage the auditor request list (PBC list), deliver fully supported workpapers, and directly answer technical accounting inquiries from the external audit firm. We act as management’s extension to resolve technical accounting positions efficiently.

We assist the newly public operating company in establishing internal control frameworks (COSO) and adjusting its month-end and quarter-end close processes to meet accelerated public company reporting deadlines.

No. Corviniti is an advisory-only firm. Regulatory independence rules set by the SEC, PCAOB, and AICPA prohibit an accounting firm from auditing its own work or acting as part of management. To avoid any independence conflicts and remain management’s advocate, we do not issue independent audit opinions.

Yes. We regularly work with Foreign Private Issuers (FPIs) and foreign target companies merging with US-listed SPACs. We handle the financial reporting requirements unique to cross-border transactions, including preparing financial statements under IFRS, managing complex IFRS-to-US GAAP reconciliations if required by the SEC, and drafting Form F-1 or Form F-4 registration statements.

Corviniti provides accounting and financial reporting support across various core sectors: financial and capital markets, technology and innovation, life sciences and consumer markets, industrial and infrastructure, and business services. Within financial markets, we assist venture capital and private equity firms, publicly-traded companies, SPACs, and entities navigating an M&A deal. Our technology and innovation practice covers SaaS, artificial intelligence, digital assets and cryptocurrency, fintech, and digital advertising. In consumer and life sciences markets, we support biotechnology, regulated cannabis, food and beverage, consumer goods, and e-commerce platforms. Additionally, we provide support to industrial sectors including manufacturing, distribution, mining, metals, telecommunications, and real estate, as well as professional staffing and corporate service firms.

We follow a direct, four-step onboarding process:

1. Discovery & Scoping: We review your target filing timeline, current financial setup, and technical needs during an initial consultation.
2. Statement of Work: We provide a clear proposal outlining specific deliverables, timelines, and fee structures.
3. Secure Access Setup: We establish an encrypted data room to protect your data and secure read-only access to your general ledger and historical files.
4. Kickoff: We hold a brief alignment meeting, introduce your dedicated team, and immediately take ownership of the project timeline.