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The purpose of an SPAC is solely to circumvent to regulations governing IPOs. Specifically those rules and regulations preventing repeated fraud on investors.
by olliej 3y ago
The purpose of an SPAC is solely to circumvent to regulations governing IPOs.
Specifically those rules and regulations preventing repeated fraud on investors.
The SPACs failure is by design, if an SPAC could succeed, they would IPO as they could raise more money because they'd have backing of real audits and reports.
- 15457345234 3y agoI don't know strictly whether or not that's true, but given the names associated with the most publicly advertised SPACs, it's easily believable.