They actually could fail as an OTC, if the SPAC was designed/written in any way for specific NASDAQ listing and exchange membership. We found a passage saying that was so, but I'm checking to see if that is a legally binding clause in what Brad found. In any case, a SPAC with no money sure can't pull off a merger from what I'm familiar with. A SPAC has to prove the value-funding to merge with anything.
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