Sorry for late reply! 20% is standard SPAC comp. Also yes, I apologize, you are right - they get 20% of the value of the SPAC, so if they buy 10% of a company

Sorry for late reply! 20% is standard SPAC comp. Also yes, I apologize, you are right - they get 20% of the value of the SPAC, so if they buy 10% of a company, they are only getting 20% promote on that 10%.