Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Use SPAC Earnout Structures to Bridge Valuation Gaps
In this episode, Lucas and Luna unpack the specific earnout mechanisms that founders use in SPAC mergers to secure a higher valuation when the market disagrees. Using the July 2026 market context where high-growth stocks like META and NVDA are surging while others like RIVN and COIN are down, they explore how earnout targets, share price thresholds, and performance milestones create a bridge between what founders want and what SPAC investors will accept. They walk through a hypothetical but realistic example of a subscription analytics startup merging with a SPAC at a $1.2 billion enterprise…
The skinny
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