Apparently there is a 1 year lock-up period for the sponsors & directors during a SPAC [1] Which I guess means it's harder for e.g Social Capital to do a pump

Apparently there is a 1 year lock-up period for the sponsors & directors during a SPAC [1] Which I guess means it's harder for e.g Social Capital to do a pump & dump (in the case of Clover they couldn't sell until June 2021 at the earliest) [1] https://corpgov.law.harvard.edu/2018/07/06/special-purpose-acquisition-companies-an-introduction/ https://corpgov.law.harvard.edu/2018/07/06/special-purpose-a...