It was based in part on the PCAOB's inspection results. They had 100 percent deficiencies. As bad as Marcum, and for the same reasons. Both had undertaken WAY more clients than they could handle. And many of those clients were SPACs, or the target companies of SPACs.
DWAC used Marcum. TMTG, DWAC's target, used Borgers. Of course, DWAC was also sanctioned by the SEC.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.