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So if the principals involved in a startup set up their own SPAC to take the company public, they could screw minority shareholders in the original company like

So if the principals involved in a startup set up their own SPAC to take the company public, they could screw minority shareholders in the original company like, say, employees?

ls612 6y ago
The laws generally require that these things be “arms length transactions”, basically meaning that the two parties are legitimately at odds over the price. Your example would not be that.