Mike Ring spent 30 years as a corporate securities lawyer. Then he co-founded a bank — and took it through a de-SPAC that required something almost no SPAC target faces: Federal Reserve approval.

Mike Ring, Co-Founder, President, and CEO of Old Glory Bank and former Greenberg Traurig corporate securities partner, joins host Mike Blankenship to break down what may be the first bank de-SPAC. Ring walks through the regulatory path unique to a bank holding company — Federal Reserve approval under the 1956 Bank Holding Company Act, layered on top of the SEC process — plus why a SPAC beat an underwritten IPO or direct listing for a state-chartered Oklahoma bank, and why he made the public company's home in Texas.

What We Cover:
- Why banks almost never pursue de-SPACs
- Federal Reserve approval under the 1956 Bank Holding Company Act, on top of SEC review
- OCC charters vs. state charters for an Oklahoma-chartered bank
- Deal timeline: LOI in October, BCA in January, effective in July
- Why an underwritten offering or direct listing wasn't a realistic path to Nasdaq
- A securities lawyer as his own client: "a lawyer always makes the worst client"
- Texas domestication and where the state's new exchange may fit later
- Digital assets in the bank's roadmap after the GENIUS Act

Connect with Mike Ring:
Website: oldglorybank.com
Podcast: PSL — open.spotify.com/show/6MUR8ZtDk1Gs6t7tF5sDIH

Connect with Mike Blankenship:
LinkedIn: linkedin.com/in/mikeblankenship

About Winston Taylor: Winston Taylor is an international law firm with a capital markets practice that works with companies and sponsors across the SPAC and public-company lifecycle. Learn more at winstontaylor.com.

Interested in joining a future episode? The SPAC Podcast is part of One Iron Network, a media network for dealmakers, investors, and capital markets professionals. Visit thespacpodcast.com and oneironnetwork.com.

Follow The SPAC Podcast:
Website: thespacpodcast.com
LinkedIn: linkedin.com/company/thespacpodcast
YouTube: youtube.com/@thespacpodcast

Disclaimer: Michael J. Blankenship is a licensed attorney and partner at Winston Taylor. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is for informational and educational purposes only and should not be considered legal, financial, or compliance advice. All views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the policies or positions of any regulatory agency, law firm, organization, or employer. Listeners should consult their own legal counsel, compliance teams, or financial advisors to ensure adherence to applicable regulations, including SEC, FINRA, and other industry-specific requirements. This podcast does not constitute a solicitation or recommendation for any financial products or services.

Let's Connect on LinkedIn:

https://www.linkedin.com/in/mikeblankenship/ https://www.linkedin.com/in/joshuabrucewilson/

To Contact Us, Please Visit:

https://www.TheSPACPodcast.com/contact/

"Do you really want to be public?" It's the first question Larry Swets asks any company eyeing a SPAC — and the one most founders answer wrong. After 30 years in capital markets and more than a dozen SPACs sponsored, he's watched companies chase billion-dollar valuations they knew weren't real, then spend five years growing into a fraction of that number.

In this episode, host Michael Blankenship sits down with Larry Swets, CFA — Chairman and Co-Founder of FG Nexus and one of the most experienced operators in the SPAC and alternative capital formation ecosystem. Larry traces the arc from the 2020–2021 boom through the SEC-driven reset to today's renewed activity, unpacking why too many sponsors underestimate how hard this work is. He explains how private companies should pressure-test their public-market readiness, position their story for investors with short attention spans, and set valuation expectations the market will actually support. A candid, practitioner-level conversation on capital formation, IPO alternatives, and building a healthier SPAC ecosystem.

What We Cover:

• 🔑 The first question every company must answer before a SPAC
• 📉 What the 2020–2021 boom and reset actually taught the market
• ⚖️ Why there are too many SPACs — and too many underprepared sponsors
• 💰 The real cost of chasing unsustainable valuations
• 🏗️ How boring, cash-flowing businesses became top-performing SPACs
• 🚀 Where SPACs beat traditional IPOs on speed and sector
• 📊 Positioning your story for investors with short attention spans
• 🤝 Building a healthier SPAC ecosystem for everyone

Connect with Larry Swets, CFA
Website: fgnexus.io
LinkedIn: linkedin.com/in/larry-g-swets-jr-cfa-7400a75
X: x.com/larryswets

About Winston Taylor
Winston Taylor is an international law firm with a capital markets practice that works with companies and sponsors across the SPAC and public-company lifecycle. Learn more at winstontaylor.com.

Follow Michael on LinkedIn: https://www.linkedin.com/in/mikeblankenship/

Follow The SPAC Podcast
Website thespacpodcast.com · LinkedIn linkedin.com/company/thespacpodcast · YouTube youtube.com/@thespacpodcast

Disclaimer: Michael J. Blankenship is a licensed attorney and partner at Winston Taylor. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is for informational and educational purposes only and should not be considered legal, financial, or compliance advice. All views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the policies or positions of any regulatory agency, law firm, organization, or employer. Listeners should consult their own legal counsel, compliance teams, or financial advisors to ensure adherence to applicable regulations, including SEC, FINRA, and other industry-specific requirements. This podcast does not constitute a solicitation or recommendation for any financial products or services.

Let's Connect on LinkedIn:

https://www.linkedin.com/in/mikeblankenship/ https://www.linkedin.com/in/joshuabrucewilson/

To Contact Us, Please Visit:

https://www.TheSPACPodcast.com/contact/

What does it take to bring a billion-dollar-plus quantum computing company to the public markets? In this episode, IQM co-founder and CEO Jan Goetz and SPAC sponsor Peter Ort reveal why a European quantum leader chose a SPAC over a traditional IPO, and how deal certainty and timing ultimately shaped the decision to go public now.

Host Michael Blankenship is joined by Dr. Jan Goetz, co-founder and CEO of IQM Quantum Computers, and Peter Ort, SPAC sponsor and General Partner at Cambium Capital, for a candid look at one of the most closely watched deals in the quantum computing space. The conversation traces IQM's path from a 2018 Aalto University spin-out to a full-stack, vertically integrated quantum company that has now shipped 23 systems worldwide. Goetz and Ort discuss the SPAC transaction with Real Asset Acquisition Corp., why public-market capital can accelerate a long-term technology roadmap, and what comes next for superconducting quantum computing.

What We Cover:

• Why IQM chose a SPAC over a traditional IPO
• Deal certainty, timing, and execution in a SPAC transaction
• IQM's full-stack, vertically integrated model and proprietary chip fab
• Deploying quantum computers at scale inside live data centers
• The recent Oak Ridge National Labs on-prem delivery
• How public-market capital accelerates a tech and product roadmap
• IQM's competitive position in the superconducting modality
• The 2025 Series B round and the company's capitalization picture
• Where quantum computing is headed: error correction and beyond
• What the partnership between IQM and Cambium Capital looks like

Connect with Mike Blankenship:
LinkedIn linkedin.com/in/mikeblankenship

Connect with Jan Goetz:
Website iqm.tech
LinkedIn linkedin.com/in/jan-goetz

Connect with Peter Ort:
LinkedIn linkedin.com/in/peter-ort-5102a013
Website curaleaassociates.com

About Winston Taylor:
Winston Taylor is an international law firm with a capital markets practice that works with companies and sponsors across the SPAC and public-company lifecycle. Learn more at winstontaylor.com.

Follow The SPAC Podcast:
Website thespacpodcast.com ·

LinkedIn linkedin.com/company/thespacpodcast ·

YouTube youtube.com/@thespacpodcast

Disclaimer: Michael J. Blankenship is a licensed attorney and partner at Winston Taylor. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is for informational and educational purposes only and should not be considered legal, financial, or compliance advice. All views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the policies or positions of any regulatory agency, law firm, organization, or employer. Listeners should consult their own legal counsel, compliance teams, or financial advisors to ensure adherence to applicable regulations, including SEC, FINRA, and other industry-specific requirements. This podcast does not constitute a solicitation or recommendation for any financial products or services.

Let's Connect on LinkedIn:

https://www.linkedin.com/in/mikeblankenship/ https://www.linkedin.com/in/joshuabrucewilson/

To Contact Us, Please Visit:

https://www.TheSPACPodcast.com/contact/