Enzolytics Inc (ENZC)

[falon]

Don't make sense for he main execs/people of SAGA to buy ENZC shares now for larger SAGA ownership % post-deal.

First off they would have to buy a lot of shares to make it worth it.

Secondly I highly think it would be illegal as it probably would be considered insider trading.

Insider Trading
Because SPACs are publicly traded companies, certain information about a potential acquisition can potentially
create issues related to securities laws and disclosures. It is critical that companies maintain confidentiality
between the signing of an LOI and the consummation of the business combination agreement to avoid
situations in which the SPAC has to make a public disclosure that potentially taints the process, and trading in
the stock of the entity with nonpublic information (either the target or the SPAC) could potentially violate insider
trading rules. Companies must ensure that target shareholders understand that trading in the SPAC’s stock on
the basis of confidential information can be considered insider trading.

https://www.cooley.com/-/media/cooley/pdf/reprints/2020/cobranded-spac-transactions--considerations-for-targetcompany-cfos-secured.ashx?la=en&hash=6346947744D0F11E6E38FFD58F9532CD