And that's a possibility for any business... Private businesses are run into the ground all the time, including those that raise funds through friends & family

And that's a possibility for any business... Private businesses are run into the ground all the time, including those that raise funds through friends & family or angel investors... (Not saying you're implying otherwise here, just building on the fact that a closed SPAC is not more guaranteed to be a stable business any more than a private business).