Hacker News new | ask | show | jobs
by fallingknife 1161 days ago
Do you have an example of a SPAC where the.target was a scam? I'm not aware of any, and I follow this stuff more closely than most people.
1 comments
gizmo 1161 days ago
Nikola Motor went from a 34bn market cap to near bankruptcy in 2 years. Their tech was a sham and the founder got prosecuted and convicted for defrauding investors.

Lordstown Motors. Faked their order book. Blatant securities fraud.

There are many others.

link