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latchkey
2y ago
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Someone should go to jail for that, but it is a highly regulated market, so it is ok.
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rchaud
2y ago
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.
latchkey
OP
2y ago
Yea, fully aware. I was working at a company last year that almost SPAC’d. Maybe you missed my sarcasm?
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