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Re: Zorax post# 470469

Tuesday, 04/16/2024 4:58:53 PM

Tuesday, April 16, 2024 4:58:53 PM

Post# of 478359
No, not really. Most SPACs are exchange listed, and so not of interest to the folks at OTC Markets.

If spacs were ever going to work, it became impossible when the majority of spacs were vapor companies and vapor insiders.

Huh? SPACs are not operational companies. They're shells looking for a suitor. Theoretically, the people behind the SPAC are just looking around, and will, with luck, find a target company within a year or less. But it's generally taken longer--often much longer--to complete mergers than was anticipated. Another problem that wasn't foreseen was the tumble so many of the target companies take when they de-SPAC.

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