Which SPACs don't have a sponsor? In which SPACs do non-financial sponsors take less than 20% of the total company value? Would you invest in a company that has no defined product, service, or business model, and puts all their eggs into the basket of a private company that you might not have ever heard of, in a business relationship between the SPAC and acquired company that is never fully disclosed in which the share price is almost assured to drop at least 1/3 the day after trading and in which there is no long term evidence of value creation?
These companies aren't like Coca-Cola that started as a small business and then grew, delivering value along the way. There is no way for an investor to "look at the ingredients" of a SPAC at the time they invest in the SPAC before the merger.
These companies aren't like Coca-Cola that started as a small business and then grew, delivering value along the way. There is no way for an investor to "look at the ingredients" of a SPAC at the time they invest in the SPAC before the merger.