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Hidden ownership can lead to a significant lack of transparency. Potential investors and partners may be wary of getting involved with a SPAC when they can't as
by ArabicBaklava 3y ago
Hidden ownership can lead to a significant lack of transparency. Potential investors and partners may be wary of getting involved with a SPAC when they can't ascertain who the real decision-makers or beneficiaries are. This wariness can affect fundraising efforts and the SPAC's overall credibility.
- dtagames 3y agoThis is absolutely true. I invested a tiny amount in the SPAC that became Lucid Motors. Imagine my surprise when the official investor docs disclosed (in a very obtuse way) that the actual owner and controller of the company is MBS, the King of Saudia Arabia! People like me who bought in are just suckers for a company over which we have no control.