I'll read his article > and 2m shares are given (technically, sold, but for some nominal sum like $25k) to you as the sponsor. yeah I hate the ambiguity here

I'll read his article > and 2m shares are given (technically, sold, but for some nominal sum like $25k) to you as the sponsor. yeah I hate the ambiguity here and the article, are they given or do they have to purchase? yes I understand the price discovery of the floating shares being used to value created shares for future dilution. thanks for clarifying, I thought it was in the acquired company. are the sponsors able to sell some into market liquidity before the acquisition occurs? because the SPAC treasury would still have the paid in capital and could give all the money back if they fail, while speculators in the secondary market are just buying at a discount or premium but providing additional liquidity. I'm mainly curious what the market tolerates and what is standard in these offerings, its obvious to me that you can make any arrangement.