Is it actually worth investing in blank check companies
There are upsides to SPACs but I couldn’t personally recommend those upsides unless you really know what you’re investing in.
The downside is you’re trusting your money blind to a management team with nothing more than an indication of the sector they’re looking at. Now, this could mean that they obtain a better price for their investors than they would have paid for an equivalent final stake in the target company at an IPO; the downside is they could be investing in a bad deal and you’d be none the wiser until too late.
This particular one could be a good investment, or not. My point is a general one rather than intended to suggest that the specific stock should not be given consideration.
Thank you. Think I’ll be giving them a miss for now