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Friday, December 02, 2022 2:25:19 PM
You could argue the flip side, that private companies looking to reverse merge will feel urgency and bid up shells, but I don't think so.
If the shells do go caput on March 28th-ish, how will these private companies ever go public then? The vast majority of shells will be gone and a traditional IPO is tedious and costly. High interest rate environment with increasing regulations, if one is going to do it, now is the time.
Decent argument to be made that both sides of the equation have leverage.
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