I'm missing what is good for a company when they go through a SPAC the 20% fee is close to what the average POP for an IPO which historically has been 13-15% and last year was 22%[1]and in exchange for dealing with a bunch of investment bankers you get to give up a board seat at best or being the CEO of your company to the promoter. Is it really just to dodge regulations?
[1]https://www.cnbc.com/2019/05/09/the-ipo-market-started-stron...