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Transaction Announcements, Firm Updates, and Houlihan Capital in the Press

SPAC Fairness Opinions in 2026: What Changed and Why It Matters

The SPAC market in 2026 and the renewed case for independent fairness opinions The blank check structure has returned to the public markets on very

The Carrying Value Question: An Introduction to Intangible Asset Impairment Testing

When the Balance Sheet Becomes the Story A portfolio company loses its largest customer. Revenue falls sharply in the back half of the year, and

FASB Reconsiders Contractual Sale Restrictions (ASU 2022-03): What the Proposal Means for Locked Token Valuations

The July 2026 proposal reinforces a market-participant approach that Houlihan Capital has applied to cryptoasset portfolios for years Executive Takeaway In 2022, the FASB issued

Profile of a woman at a computer in a blue-toned Houlihan Capital banner with the headline 'Enhancing Valuation Confidence'.

Enhancing Valuation Confidence: The Role of Positive Assurance in Portfolio Valuation

When the Mark Gets Questioned The moment arrives in different forms. An auditor returns to a fair value conclusion with a request for additional support

Houlihan Capital banner with logo and slogan over a purple-tinged bridge background, promoting valuation, advisory, and investment banking services.

Personal Goodwill in Business Transactions: Not Just a Valuation Question — A Planning Imperative

Consider a professional services firm where three client relationships — each cultivated personally by the founder over fifteen years — account for 65% of annual

Houlihan Capital logo with Value. Added. and the title Fairness Opinions in De-SPAC Transactions on a geometric, warm-toned background.

Fairness Opinions in de-SPAC Transactions

The Role of a Fairness Opinion in a de-SPAC Transaction When a SPAC enters into a business combination agreement, its board is evaluating a transaction

Banner for Houlihan Capital: logo and headline 'Preparing for a sale: What to expect from a sell-side advisor' over a blue abstract office background.

Preparing for a Sale: What to Expect from a Sell-Side Advisor

Framing the Decision to Sell For many founder-owned businesses, a sale represents one of the most significant financial and strategic decisions an owner will make.

Banner image for Houlihan Capital about cannabis rescheduling and business valuations, featuring cannabis leaves and a dark overlay with the headline text.

Cannabis Rescheduling Is Here. What It Means for Business Valuations.

On April 22, 2026, the Acting Attorney General issued a final order reclassifying FDA-approved marijuana products and state-licensed medical marijuana from Schedule I to Schedule

Houlihan Capital logo with the title 409A valuations: strategic considerations for private company equity compensation over a blurred financial background.

409A Valuations: Strategic Considerations for Private Company Equity Compensation

The Growing Importance of Equity Compensation Discipline For many private companies, 409A valuations are treated as a compliance requirement, completed to support option grants and