Hacker News new | ask | show | jobs
by latchkey 913 days ago
Someone should go to jail for that, but it is a highly regulated market, so it is ok.
1 comments

SPACs (basically going public as a shell corp) are chosen specifically because it allows company insiders to cash out their equity without disclosing as much as regular IPO companies.
Yea, fully aware. I was working at a company last year that almost SPAC’d. Maybe you missed my sarcasm?