The Fairness Opinion Process SPAC Sponsors Should Know — Michael Moscarelli

The Fairness Opinion Process SPAC Sponsors Should Know — Michael Moscarelli

Author: Joshua Wilson May 8, 2026 Duration: 10:24
Most SPAC sponsors don't realize a fairness opinion isn't just a checkbox — it's the line of defense between you and the entire fairness standard if your deal lands in litigation. Michael Moscarelli, Vice President in Houlihan Capital's Valuation and Financial Advisory practice, joins Mike Blankenship to break down what every SPAC sponsor needs to understand about fairness opinions before the BCA vote. From the post–Multi-Plan shift in Delaware litigation exposure, to per-share allocation an...

Tune into The SPAC Podcast: Special Purpose Acquisition Company for a clear-eyed look at one of finance's most talked-about vehicles. Hosts Michael Blankenship, a capital markets attorney and partner at Winston & Strawn LLP, and Joshua Wilson, an executive producer and capital markets advisor, steer these discussions with a practitioner's depth. They don't just report the news; they unpack the mechanics, the regulatory shifts, and the strategic plays behind each headline. You'll hear from the dealmakers, lawyers, and executives who are actively structuring these transactions, getting their unvarnished perspectives on what works, what doesn't, and what might be coming next. This podcast moves beyond the hype to examine the real-world implications of SPACs for investors, companies, and the broader market. It’s designed for anyone from seasoned professionals to curious observers who want to understand the nuances behind the acronym. Each episode feels like a detailed briefing, blending analysis with candid conversation to make a complex topic accessible. If you're navigating the SPAC landscape or simply trying to decipher its impact, this series provides the essential context you need.
Author: Language: en-us Episodes: 50

The SPAC Podcast: Special Purpose Acquisition Company
Podcast Episodes
Why Public Conglomerates Are Outperforming Private Equity [not-audio_url] [/not-audio_url]

Duration: 1:24
In this clip, Roland Austrup discusses research from an upcoming white paper comparing modern public operating conglomerates to private equity performance. Companies like Danaher, Constellation Software, Brookfield, Rope…
Roland Shares Why Public Markets Must Keep Up. [not-audio_url] [/not-audio_url]

Duration: 1:19
Roland explains why capital markets will play a critical role in supporting this next generation of transformative companies. He also discusses how SPACs can provide a more efficient pathway for high-growth businesses to…
Why choose a SPAC over a traditional IPO? [not-audio_url] [/not-audio_url]

Duration: 0:53
Ranjeet Sundher explains why Tactical Resources selected the SPAC path to go public in the U.S. With MP Materials serving as a successful template for rare earth production via DESPAC, Tactical aims to become the second…
Why Vertical Integration in West Texas Is a Strategic Advantage [not-audio_url] [/not-audio_url]

Duration: 0:56
Ranjeet Sundher explains how vertical integration in West Texas reduces operational risk and strengthens domestic production. From direct leach processing onsite to producing mixed hydroxides in Texas, this strategy aims…
Why does being a direct leach rare earth project matter? [not-audio_url] [/not-audio_url]

Duration: 0:37
In this clip, Ranjeet Sundher explains why Tactical Resources’ hard rock, direct-leach mineralization is such a rare technical advantage. By bypassing multiple expensive and environmentally intensive processing steps, th…
Guest Spotlight: Ranjeet Sundher [not-audio_url] [/not-audio_url]

Duration: 1:33
Ranjeet Sundher, CEO of Tactical Resources, explains what makes the Peak Project fundamentally different from early-stage rare earth developments in the United States. Unlike projects that require a decade of exploration…
Why Nuclear’s Supply Chain Is the Real Opportunity [not-audio_url] [/not-audio_url]

Duration: 2:29
Chris Sorrells shares the through-line connecting NuScale and Eagle Energy Metals. From his early exposure to nuclear markets in 1998 to helping build nuclear simulation platforms and supporting NuScale through licensing…