Celebrating 20 Years Home About SPACs SPAC Transactions Bird's Eye View Blog Contact Home SPACs What is a SPAC? SPACs What is a SPAC? Highlighted Features Case Studies What is a SPAC? A SPAC™ is a publicly-traded vehicle that has been formed to facilitate a business combination, usually within a specified industry. How is Capital Raised? The capital is raised through an initial public offering of securities. What is the Purpose of a SPAC? The purpose of a SPAC™ is to provide an investment opportunity to clients by leveraging the experience and expertise of each SPAC’s management team in identifying a business combination. These acquisitions or mergers take place in the U.S., in expanding economies or in a specified industry such as energy, healthcare, technology or specialty retailing. What are the Benefits of a SPAC? Combining the management team with access to the capital needed to fund a merger, acquisition or asset sale, the SPAC™ offers the financial flexibility, capital structure and management to attract a broad variety of target transactions and investment opportunities for our clients. The Popularity of our SPACs The unique structure of the SPAC™ investment created by the EarlyBirdCapital team has been adopted by a growing segment of the underwriting community and accounts for several billion dollars of capital formation. A Market Leader in SPACs A new generation of SPAC™ offerings was launched in August of 2003 with Millstream Acquisition Corp. Since that time EarlyBirdCapital has been a recognized market leader in SPAC™ initial public offerings as well as in consummated business combinations. About SPACs SPAC Transactions Bird's Eye View Blog Contact Sitemap © 2021 EarlyBirdCapital, Inc. EarlyBirdCapital, Inc. is a member of FINRA, NQX, and SIPC. All securities are offered through EarlyBirdCapital, Inc. Securities Investor Protection Corporation (SIPC) insures the accounts of our clients for up to $500,000 each customer, subject to limitation of $100,000 from claims for cash balances. See www.sipc.org for more information. EBRD - Q3 606a1 Reporting

Celebrating 20 Years Home About SPACs SPAC Transactions Bird's Eye View Blog Contact Home Sitemap Sitemap Home About Overview Principals Investment Banking Additional Services FINRA Investor Insights Investor Information Bird's Eye View Blog Privacy Policy Anti-Money Laundering Statement Business Continuity Plan SIPC Contact FINRA CRS Relationship Summary EBRD - Q3 606a1 Reporting Terms of Use SPACs What is a SPAC? Highlighted Features Case Studies SPAC Transactions Completed SPAC IPOs Completed SPAC Mergers SPACS Currently Seeking Targets Bird's Eye View Blog Contact About SPACs SPAC Transactions Bird's Eye View Blog Contact Sitemap © 2021 EarlyBirdCapital, Inc. EarlyBirdCapital, Inc. is a member of FINRA, NQX, and SIPC. All securities are offered through EarlyBirdCapital, Inc. Securities Investor Protection Corporation (SIPC) insures the accounts of our clients for up to $500,000 each customer, subject to limitation of $100,000 from claims for cash balances. See www.sipc.org for more information. EBRD - Q3 606a1 Reporting