Everyone and their grandma has a SPAC
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Article about shell companies formed with the singular purpose of taking another business public without going through the traditional IPO route. Shysters abound, it seems.
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Article about shell companies formed with the singular purpose of taking another business public without going through the traditional IPO route. Shysters abound, it seems.
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Grab to unveil world's biggest SPAC merger, valued at nearly $40 billion: sources
No profit, only expect to break even by end of 2021, but already valued at $40 Billion in this deal.
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SEC cracking down on SPAC:
“The SEC issued accounting guidance that would classify SPAC warrants as liabilities instead of equity instruments.”
“SPAC mania has come to a screeching halt.”
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