Re:The Failure of SPACs
by 15457345234 on Tuesday November 28, 2023 @02:11AM
(#38443250)
I don't know strictly whether or not that's true, but given the names associated with the most publicly advertised SPACs, it's easily believable.
Specifically those rules and regulations preventing repeated fraud on investors.
The SPACs failure is by design, if an SPAC could succeed, they would IPO as they could raise more money because they'd have backing of real audits and reports.