SPAC Equity Trading Group

Turning SPAC Structure into Strategy

Our dedicated Special Purpose Acquisition Company (SPAC) Equity Trading Group was created to serve our clients in the rapidly evolving SPAC market. A SPAC raises capital through an IPO with the intention of acquiring an existing company. Understanding its inherent complexities requires specialized expertise at every stage. Working with our Capital Markets division, a leader in SPAC analysis and IPO underwriting, Cohen & Company Securities provides institutional clients superior trade execution and trusted analysis of this unique investment vehicle.

A Valuable Partner Across the SPAC Lifecycle

Our SPAC Equity Trading Group delivers robust analysis, strategy, distribution, sales, and trading for all aspects of the SPAC lifecycle.

Pre-Deal Yield and Optionality

Our desk helps clients capture SPAC yield while studying the pricing mechanics of warrants and rights. We evaluate optionality in units to identify mispricing opportunities and structure trades for attractive risk-adjusted returns before a deal announcement.

Game Theory and Derivatives

Following an announcement, we apply game theory to evaluate sponsor incentives, redemption dynamics, and market signaling. Our analysis extends to derivative components to model expected valuations and manage downside risk.

De-SPAC and Post-Merger

We deliver critical insights on post-merger public float and navigate lockup agreements, optimizing positions in the newly formed operating company for sustained performance.

Driving SPAC Equity Success

Every strategy we develop draws on deep expertise in regulatory frameworks and market structure. We focus on SEC rules and cadence, NYSE and Nasdaq listing requirements, financing costs, and yield curve dynamics. Our network spans 75+ trading relationships across mutual funds, hedge funds, and family offices. The SPAC Equity Trading Group ensures targeted distribution and strong liquidity for our clients.

Shape Your SPAC Strategy

Connect with our SPAC Equity specialists today to optimize your SPAC lifecycle and enhance trade execution.