3 ms·

It's like a company "Stocks, Inc" that just issues their own stocks as a product. When you put it that way, it definitely sounds suspect.

• mjburgess 4y ago
  Yes: there is no product.
• wmf 4y ago
  Do not look into SPACs; you may not like what you find.
  • vkou 4y ago
    The product of a SPAC is 'selling' another company the rights to be traded on a stock exchange. That's, in theory, a non-trivial product, given how much IPO underwriters tend to charge.
  • latchkey 4y ago
    SEC changed the rules. SPACs are much more difficult now.