3 ms·
It doesn't matter about the company, the SPAC route has almost always resulted in the collapse of any company that is unable to make or show evidence of growing
by rvz 3y ago
It doesn't matter about the company, the SPAC route has almost always resulted in the collapse of any company that is unable to make or show evidence of growing revenue and they list on the stock exchange anyway.
SPACs are a complete scam and a grift only benefitting insiders.
- hef19898 3y agoI know one such person, sold his full stake before the SPAC for the nominall SPAC price minus some, negligible, discount. Shortly after SPAC, it tanked. Since the they are positioning themselves as an Angel investor and early start-up expert. Might well be true, they have the money to be an Angel and argueably stayed with their company until SPAC. What I never understood was, why for the love of god, he choose to stay with the SPAC company...