A good article from Crunchbase about the SPACs basics:
I was enjoying (RGB Acquisition Corps) but seems to be bearish this week.
An interesting article about SPACs:
Cciv seems to be going moonward
Let’s face it you can never lose money if you just never sell.
Stocks always rise so SPACs are the future right!
Something was missing, fixed now
Either get on the bandwagon or go to cash. But remember you will need to get off!
Cash had lost you on a real return around 10% on average for the past 50 years … just saying
A news article about the Branson-related SPAC with an interesting video about SPACs:
Imagine a startup company, ABC, that is owned by venture capital firms or a more mature and established company, XYZ, owned by private equity firms.
Now, what prevents that the venture capital firms or private equity firms from creating a SPAC, sell their shares, and then the SPAC acquiring the startup/mature company that they owned previously? It shows a conflict of interests.
Even if there aren’t any of that cases, companies going public though SPAC are less public scrutinized, the SPAC’s investors could be holding the bag on a lemon (a dud or even a fraud company).
Nikola was a SPAC acquired company, probably not the case of the same sellers and buyers questioned above, but still a company that still needs prove itself as a reliable company.
Theranos was shown and proved as a fraud company, imagine if it went public though a SPAC, and after that it was discover it was a fraud…
I don’t often follow SPAC news but I did chuckle at the units on this fintech focused one
…FACA.ME they didn’t think that through.