Capital Markets Advisory Services

Who We Work With

We partner with growth-stage and pre-public companies seeking structured access to U.S. capital markets. Our clients include private enterprises preparing for initial public offerings, established businesses evaluating reverse merger opportunities, international companies exploring cross-border listings, and SPAC sponsors coordinating de-SPAC transactions. Typical engagements involve companies with $50M+ in revenue seeking institutional-grade advisory.

01

Service 01

IPO Advisory

Strategic guidance from pre-IPO readiness to exchange listing.

Taking a company public is one of the most consequential financial decisions a business will make. Our IPO advisory practice provides end-to-end strategic guidance, from initial readiness assessment through exchange listing on NYSE or Nasdaq.

IPO readiness assessment and gap analysis
Exchange selection strategy (NYSE vs. Nasdaq)
Coordination with underwriters for bookbuilding and pricing
SEC registration statement preparation support
Pre-IPO capital structure optimization
Investor roadshow strategy and targeting
Post-IPO stabilization advisory

Best for: Companies with $100M+ revenue seeking a traditional public listing.

Discuss IPO Advisory

02

Service 02

Reverse Merger Structuring

Efficient public market access through strategic shell combinations.

For companies seeking a faster, more cost-efficient path to public listing, reverse mergers offer a compelling alternative to traditional IPOs. CMON Holding specializes in identifying qualified public shells and structuring equitable merger terms.

Public shell identification and qualification
Reverse merger term structuring and exchange ratios
Due diligence coordination across legal and financial dimensions
Super 8-K filing preparation
Shareholder communication strategy
Post-merger public company integration
PIPE transaction coordination

Best for: Companies seeking public listing in 3-6 months with established revenues.

Discuss Reverse Mergers

03

Service 03

SPAC & De-SPAC Advisory

Full-lifecycle SPAC advisory from IPO formation through business combination and post-merger transition.

CMON Holding provides end-to-end advisory for SPAC sponsors, target companies, and institutional investors across the entire SPAC lifecycle. A Special Purpose Acquisition Company (SPAC) is a blank check company formed to raise capital through an IPO for the purpose of acquiring an existing business. We guide sponsors through SPAC formation and IPO, then coordinate the complex de-SPAC process where the SPAC merges with a target company, taking it public without a traditional IPO.

SPAC formation, sponsor structuring, and IPO advisory
Target identification, due diligence, and valuation analysis
De-SPAC transaction structuring, earnouts, and merger terms
PIPE and forward purchase agreement coordination
SEC proxy/registration statement preparation support
Shareholder vote strategy and redemption management
Fairness opinion coordination and regulatory compliance
Post-de-SPAC public company transition planning

Best for: SPAC sponsors forming new vehicles and high-growth companies seeking public listing through SPAC merger.

Discuss SPAC Advisory

Understanding SPACs

The SPAC & De-SPAC Process

A structured pathway from blank check formation to public market listing, designed to provide speed, certainty, and institutional discipline.

01

SPAC Formation & IPO

A sponsor entity forms a blank check company (SPAC) and files an S-1 registration statement with the SEC. The SPAC raises capital through an IPO, typically offering units at $10.00 consisting of ordinary shares and rights or warrants. IPO proceeds are deposited into a U.S.-based trust account, protecting investor capital until a business combination is consummated. The SPAC then lists on NYSE or Nasdaq.

02

Target Search & Due Diligence

The SPAC management team identifies and evaluates potential acquisition targets. This phase involves extensive due diligence across financial, legal, operational, and regulatory dimensions. The SPAC typically has 18-24 months to identify and close a transaction. If no target is found, trust funds are returned to shareholders with accrued interest.

03

De-SPAC Business Combination

Once a target is identified, the SPAC announces a definitive merger agreement. The de-SPAC process involves SEC filings (proxy statement or registration statement), shareholder vote, and potential PIPE financing to supplement trust proceeds. Public shareholders retain full redemption rights at trust value per share. Upon closing, the target company becomes publicly traded.

04

Post-Merger Public Company

After the business combination closes, the combined entity operates as a public company on NYSE or Nasdaq. CMON Holding provides post-merger transition support including SEC reporting requirements, investor relations strategy, corporate governance implementation, and capital markets advisory for the newly public entity.

SPAC Route

3-6 month timeline to public listing
Negotiated valuation with sponsor
Price certainty before going public
Less exposure to market volatility
Forward-looking projections permitted
Investor redemption protections

Traditional IPO

12-18 month timeline to listing
Market-driven bookbuilding process
Pricing set during roadshow
Subject to market window timing
Historical financials only in S-1
Underwriter stabilization support

04

Service 04

Capital Structure Optimization

Pre-listing restructuring for institutional-grade public readiness.

The difference between a successful public listing and a troubled one often comes down to capital structure. CMON Holding works with pre-public companies to optimize their equity and debt architecture, align shareholder interests, and create governance frameworks.

Pre-listing equity restructuring and recapitalization
Convertible instrument analysis and waterfall modeling
Stock option pool design for public readiness
Debt-to-equity optimization
Shareholder agreement alignment
Board composition advisory and director recruitment
Governance framework design for NYSE/Nasdaq standards

Best for: Companies 6-18 months from a public transaction needing cap table restructuring.

Discuss Capital Optimization

05

Service 05

Cross-Border Listing Strategy

Structuring international companies for U.S. exchange access.

For international companies, accessing U.S. capital markets introduces unique complexity, from foreign private issuer qualifications to dual-listing considerations and multi-jurisdictional regulatory compliance. CMON Holding guides non-U.S. companies through these requirements.

Foreign Private Issuer (FPI) status evaluation
ADR program design (Level I, II, III) and direct listings
Multi-jurisdictional regulatory coordination
Cross-border holding company restructuring
IFRS to U.S. GAAP reconciliation support
Cross-border tax structuring and treaty analysis
Dual-listing feasibility analysis

Best for: International companies with $50M+ revenue seeking U.S. public market access.

Discuss Cross-Border Strategy

Common Questions

Frequently Asked Questions

CMON Holding provides five core advisory services: IPO Advisory for companies pursuing NYSE or Nasdaq listings, Reverse Merger Structuring for efficient public market access through shell combinations, SPAC Transaction advisory for de-SPAC mergers and sponsor coordination, Capital Structure Optimization for pre-listing restructuring, and Cross-Border Listing Strategy for international companies seeking U.S. exchange access.

We work with growth-stage and pre-public companies with $50M+ in revenue seeking structured access to U.S. public capital markets. Our clients include private enterprises preparing for IPOs, established businesses evaluating reverse mergers, international companies exploring cross-border U.S. listings, and SPAC sponsors seeking qualified acquisition targets.

Yes. Cross-border listing strategy is one of our core services. We work with companies from Asia, Europe, the Middle East, and Latin America, guiding them through foreign private issuer qualifications, ADR program structuring, multi-jurisdictional regulatory compliance, and IFRS-to-GAAP reconciliation.

Unlike traditional investment banks that focus on underwriting and capital raising, CMON Holding provides independent strategic advisory across the full transaction lifecycle. We are not conflicted by underwriting economics. Our role is to serve as a strategic coordinator, aligning legal counsel, auditors, bankers, and institutional investors around a structured transaction framework that serves the issuer's long-term interests.

Engagement timelines vary by transaction type. IPO advisory engagements typically span 12-18 months from initial assessment to listing. Reverse merger transactions can be completed in 3-6 months. SPAC de-SPAC transactions generally take 4-8 months from LOI to closing. Capital structure optimization projects range from 3-6 months depending on complexity.