No, because the investors can individually choose to decline the deal and get their money back with interest. Any investors remaining after the deal closes imp

No, because the investors can individually choose to decline the deal and get their money back with interest. Any investors remaining after the deal closes implicitly agreed to the closing price. I don't think there were any cases of a SPAC not returning deposit money if someone asked, and the institutional investors generally preferred the "guaranteed return" over gambling so the redemption percentage was quite high(I think 50%+).