SPAC/de-SPAC Tracking in DMS

DMS Standard Operating Procedure: XBRL Sub Part 1600/SPAC/de-SPAC Tracking in DMS

1.28.2026

Departments:

• Typeset
• EDGAR
• XBRL

Purpose:

To establish guidelines for determining SPAC/de-SPAC companies in the DMS.

Definitions:

• de-SPAC: A de-SPAC is the process in which a SPAC merges with or acquires a private company.
• DMS: Data Management System.
• SPAC: Special Purpose Acquisition Company. A SPAC is an entity with no business operations that plans to go public based on an investment thesis, such as merging with or acquiring a target company within a limited timeframe.

Procedures:

At the Job level, make a new job.

Read the attached document.

Use the SPAC/de-SPAC dropdown to indicate if the company is SPAC or de-SPAC.

Click “Save.”

Alert the XBRL team via email that there is a potential SPAC/de-SPAC.  

Filter by the SIC Code from the SIC Code dropdown to determine if the job is SPAC/de-SPAC. 

The SIC Code is provided by the client, and the SIC Code will automatically populate, and determine if the company is a SPAC/de-SPAC.

The SPAC SIC Code is 6770. The XBRL team filters for code 6770 to find the SPAC companies.

If a company does not have an SIC Code yet, use 0000 as a placeholder.

de-SPAC identification process is TBD.