We are pleased to report to you that today our CEO & Founder Alex Konanykhin signed an agreement with DLA Piper, the third largest law firm in the USA, to work on identifying and structuring a SPAC deal for TransparentBusiness.
The SPAC approach would is much superior to our previous plan of a direct listing as SPAC deal would involve a large capital injection in TransparentBusiness. (A direct listing would make the stock liquid but, with no additional capital raised in the process, the price of the stock would likely be much lower.)
While there are never any guarantees of future deals or success, we now have at our side a firm which has structured many SPAC deals and the market appears to be quite favorable:
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