a SPAC is created with the intent of acquiring a company
Posted on: March 24, 2024 at 09:10:58 CT
ashtray UF
Posts:
111045
Member For:
22.49 yrs
Level:
User
M.O.B. Votes:
0
The investors know this and purchase shares for future ownership of the acquired company. The SPAC announces the target company and the deal, at which time investors can sell their shares back to the SPAC for the purchase price. Your ignorance of how SPACs work is what makes you feel insane