The DESPAC Podcast

What Private Companies Don’t Understand About SEC Filings


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In this episode, host Chaz Churchwell is joined by Elliot Goldstein of Federal Filings, a veteran EDGAR agent and capital markets operator, for a detailed conversation on the realities of SEC filings during DESPAC transactions.

Elliot explains how filings are prepared, why formatting and XBRL tagging create risk, and where private companies consistently fall short when transitioning to public-company standards. From version control breakdowns to unrealistic timelines and surprise costs, this episode highlights the operational blind spots that derail deals and frustrate regulators.

Topics include:

  • The true role of EDGAR agents and filing firms
  • Why timing and accuracy drive deal outcomes
  • How poor coordination leads to SEC scrutiny
  • The hidden costs private companies don’t plan for
  • Where AI helps and where it cannot replace human review
  • Why experienced partners matter before the deal closes

This is a practical, experience-driven conversation for leaders who want fewer surprises and stronger execution as they prepare for the public markets.

If you are evaluating a DESPAC or preparing for life as a public company, this episode delivers clarity you can use immediately.

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.

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The DESPAC PodcastBy Chaz Churchwell