Unless you're a really shitty company or a fraud I still don't see many cases where selling to a SPAC gives a better exit than going public or selling to a stra

Unless you're a really shitty company or a fraud I still don't see many cases where selling to a SPAC gives a better exit than going public or selling to a strategic acquirer who'd be willing to pay more due to synergies and/or eliminating a competitive threat. Having celebrities associated with the company has some value, but not 20%-of-the-equity-value.