Comment on Bird, once valued at $2.5B, just filed for bankruptcyparentComments−latchkey2ySomeone should go to jail for that, but it is a highly regulated market, so it is ok.−rchaud2ySPACs (basically going public as a shell corp) are chosen specifically because it allows company insiders to cash out their equity without disclosing as much as regular IPO companies.−latchkey2yYea, fully aware. I was working at a company last year that almost SPAC’d. Maybe you missed my sarcasm?
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Someone should go to jail for that, but it is a highly regulated market, so it is ok.
SPACs (basically going public as a shell corp) are chosen specifically because it allows company insiders to cash out their equity without disclosing as much as regular IPO companies.
Yea, fully aware. I was working at a company last year that almost SPAC’d. Maybe you missed my sarcasm?