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BuyNStonks

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BuyNStonks

Re: harr449 post# 141

Wednesday, 04/21/2021 4:10:42 PM

Wednesday, April 21, 2021 4:10:42 PM

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I'm interested in how this would affect custodian shells.

They differ from traditional SPAC's because there is no IPO and no warrants associated with them (for Moody/Denunzio anyway). Their game plan is to find defunct companies, clean them up, then transfer everything to the merging company for a fixed fee.
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