Not a finance person, but my son helped take a company
by IAND75 (2024-03-26 15:46:50)

In reply to: Finance people: are SPACs never sketchy?  posted by ravenium

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public via a SPAC. Very legitimate. But highly speculative. Early stage company.

An investment in it when it went public may be a very good one sometime in the future, just like any other early stage company. If you want your money out now it would be a big loss.

Pricing on it is tough because it is based upon their product working technically and being adopted. If so, it could be a huge win. If not, then it could be a bust. But right now their stock price makes no sense. Their market cap is less than 2/3rds of their net liquid cash/investments. Not even considering their total net assets.

Once a company goes public via SPAC they have all the standard disclosure requirements of any public company. Truth Social’s 10-Qs and 8-Qs should be interesting reading going forward.

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