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botany@botany.bsky.social |
sorry, what's a SPAC?
2 replies 0 reposts 2 likes
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Death will not release you!ð“…½
@7leaguebootdisk.bsky.social
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It's an extra sleazy way for a company to go public www.investopedia.com/terms/s/spac...
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EvilAnagram
@evilanagram.bsky.social
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Basically, a SPAC is public company that doesn't do anything and is formed to raise funds to purchase a private company that does something. Why? Usually because the private company wants to go public without making a ton of disclosures to the SEC and investors. Because they have things to hide.
1 replies 0 reposts 3 likes