Tag: SPAC bubble
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Investors Will Be Left Holding The Bag When The SPAC Party Ends
SPACs simply are not investor-friendly. Never mind that SPAC sponsors collect a 20% fee. Most of the 2020-2021 SPAC class consists of CEOs that are not public market-ready nor are their companies. Most SPAC companies are venture-stage companies masquerading as seasoned public companies. Many are pre-revenue or at the early stages of revenue generation (profits…
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