Ladenburg Thalmann Reports Oustanding Deferred SPAC Fee Revenue of $41.2 Million, Pending SPAC Acquisition Closings

On August 11, 2008, Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) reported that as of June 30, 2008, the Company had potential deferred fees for SPAC transactions of approximately $41.36 million which, net of expenses, amounted to approximately $24.46 million.

The issue of deferred fees at risk is a fairly large one for Wall Street:

There are currently 22 SPACs approaching closing of their transactions with deferred fees of $91.9 million at risk and 60 SPACs still looking for an acquisition with a whopping $415.1 million worth of deferred fees at risk.

That's an overall average deferred fee of over $6 million per SPAC, shared among, on average, two or three underwriters. Not bad business, if you can get it.

Click here for more statistics, or to search for the SPACs that Ladenburg Thalmann still needs to get across the finish line.