In this episode, we are joined by Long Long, a veteran SPAC sponsor and capital markets operator, for a deep discussion on what truly drives successful DESPAC transactions.

Long shares his journey from corporate finance to leading SPACs and explains why many deals fail long before they ever reach the market. From lack of internal coordination and unrealistic expectations to poor governance and weak readiness, this episode breaks down the issues most private companies underestimate.

Key topics include:

• Why SPACs are not just deals but public companies in motion
• The importance of internal ownership, cadence, and coordination
• What SPAC teams look for in strong targets
• How promote structures, warrants, and rights affect long-term value
• Why public readiness failures lead to shareholder lawsuits
• The mindset founders must adopt before going public

This is a practical, experience-driven conversation for leaders who want to approach the public markets with discipline and clarity.

If you are evaluating a DESPAC or preparing for life as a public company, this episode is essential listening.

THE DESPAC PODCAST STANDARD LEGAL DISCLAIMER

The DESPAC Podcast is for informational purposes only. The views and opinions expressed by the host and guests are their own and do not represent the views of Smooth Stone Capital, its affiliates, or any sponsoring organization.

Nothing in this podcast should be interpreted as legal advice, investment advice, tax advice, or a recommendation to pursue or avoid any transaction. Discussions may reference SPACs, DESPAC transactions, securities regulations, or public-company readiness frameworks. These conversations are educational in nature and should not be relied upon when making financial or strategic decisions.

Listeners should consult qualified legal, financial, and tax professionals before acting on any information discussed in this podcast. Any examples or scenarios mentioned are illustrative and may not reflect current market conditions or regulatory requirements.

Participation by a guest does not constitute an endorsement of any company, strategy, product, or service. References to specific firms or individuals are for context only.

Smooth Stone Capital and the DESPAC Podcast disclaim all liability arising from the use of or reliance on the information presented.