23andMe to merge with VG Acquisition Corp. to become publicly-traded company

Re:23andMe to merge with VG Acquisition Corp. to become publ... by sokoloff on Friday February 05, 2021 @11:11AM (#26037825)

So in other words, a SPAC is “a company for carrying out an undertaking of great advantage, but nobody to know what it is”?

https://en.m.wikipedia.org/wiki/South_Sea_Company#Top_reache...

It was apocryphal during that bubble; it’s real now. I do not find that to be a good thing...

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Re:23andMe to merge with VG Acquisition Corp. to become publ... by kpommerenke on Friday February 05, 2021 @11:59AM (#26038433)

Once the SPAC has identified a company to buy, investors in the SPAC get a choice to either stay invested or get their money back with interest. So it's only a blank check initially, but not once it matters. Source: https://www.bloomberg.com/opinion/articles/2021-01-08/spac-m...

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