News for hackers. Stuff that matters.

A comment on Yubico is merging with ACQ Bure and intends to go public. Parent comment

Re:Yubico is merging with ACQ Bure and intends to go public by fallingknife on Wednesday April 19, 2023 @12:57PM (#35630513)
Yeah I can just like I am about all those other great ways to lose money that I just posted.

But, I'm really not getting your point here. SPACs have to report financial results just like any other public company. They aren't allowed to commit fraud any more than any other company.

[ Parent | on HN ]
Re:Yubico is merging with ACQ Bure and intends to go public by gizmo on Wednesday April 19, 2023 @01:38PM (#35631002)
* * *
[ Parent | on HN ]
Re:Yubico is merging with ACQ Bure and intends to go public by fallingknife on Wednesday April 19, 2023 @02:57PM (#35631921)
Do you have an example of a SPAC where the.target was a scam? I'm not aware of any, and I follow this stuff more closely than most people.
[ Parent | on HN ]
Re:Yubico is merging with ACQ Bure and intends to go public by gizmo on Wednesday April 19, 2023 @07:02PM (#35634406)
Nikola Motor went from a 34bn market cap to near bankruptcy in 2 years. Their tech was a sham and the founder got prosecuted and convicted for defrauding investors.

Lordstown Motors. Faked their order book. Blatant securities fraud.

There are many others.

[ Parent | on HN ]