[exogeny]

I think the bigger problem is most of the companies that go public this way are dogshit money-losers that shouldn't be public in the first place.

[1270018080]

All SPACs, and some traditional IPOs, are a last ditch effort of dumping worthless equity onto naive retail investors.

[bombcar]

The fact that some recover and become "real companies" doesn't detract from this. Beware the IPO and the SPAC.

[Mistletoe]

> The company in February projected an operating loss of $43.2 million this fiscal year on sales of $47.4 million and an operating loss of $44.7 million in fiscal 2023 on sales of $63.5 million.

Nice stats haha.