Latest / The Startup Exit Podcast with Fexingo: IPOs, Acquisitions, and Founder Liquidity Events
How Founders Use SPAC Earnouts to Recoup Lost IPO Upside
In Episode 70, Lucas and Luna break down how founders of SPAC-merger companies are using earnout provisions to recoup value when their stock trades below the trust price post-de-SPAC. They examine the mechanics of earnout milestones—stock-price targets, revenue thresholds, and time-based triggers—and walk through real-world examples like a recent EV SPAC where the founder clawed back millions after shares tanked. Lucas explains why earnouts are becoming standard boilerplate in SPAC merger agreements, how they differ from traditional M&A earnouts, and what happens when milestones aren't…
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