I'm reading this to imply that as a general rule of thumb, in recent times SPACs have been a better deal for the company going public than for the SPAC investor

I'm reading this to imply that as a general rule of thumb, in recent times SPACs have been a better deal for the company going public than for the SPAC investors. That outsized returns exist but are not the norm. There was a good resource linked in one of the footnotes that is a much more concise summary: "SPAC Attack: everything a founder or investor should know" https://luttig.substack.com/p/spac-attack-everything-a-founder https://luttig.substack.com/p/spac-attack-everything-a-found...