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A comment on 23andMe to merge with VG Acquisition Corp. to become publicly-traded company. Parent comment

Re:23andMe to merge with VG Acquisition Corp. to become publ... by smallscientist on Friday February 05, 2021 @12:43PM (#26038974)
Most sponsors don't hold shares unless for the stock pops way beyond the $10. For the average company, you may end up as a public company with no cash raised. This can be mitigated by a concurrent PIPE, but otherwise you're SOL.
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