I mean, I don’t think this is particularly worse than any other deal. Investment bankers, institutional investors, etc., effectively take a cut of every other d

I mean, I don’t think this is particularly worse than any other deal. Investment bankers, institutional investors, etc., effectively take a cut of every other deal so why should a SPAC be any different? It’s a big cut, relatively speaking, but there’s also potentially a good amount of risk. And although lately it seems like there hasn’t been much risk in SPACs and the sponsors have been doing very well, investment bankers have been doing very well too!