I noticed they went public via SPAC, which, as an investor, screams red flag and scares me.
Can anyone shed light on why they would go this route? Is it accurate to say best case is because they wanted less hassle / quicker to market and worst case is that their financials/books are a disaster and they didn’t want anyone looking too closely before the founders raised money and cashed out?
Genuinely curious and would appreciate any insightful replies
Can anyone shed light on why they would go this route? Is it accurate to say best case is because they wanted less hassle / quicker to market and worst case is that their financials/books are a disaster and they didn’t want anyone looking too closely before the founders raised money and cashed out?
Genuinely curious and would appreciate any insightful replies