I know porn when I see it, and this is a flashing neon sign that reads "get in on our definitely not fraudulent spacs here to absolutely not lose money to the institutional investors juicing a most assuredly not failing business"
The company I work at, which shall remain nameless, is going through or went through this SPAC process, and we're assuredly growing and have good fundamentals, so it's not _just_ a parlor trick for Wall Street, but _some_ of them probably are.
I know porn when I see it, and this is a flashing neon sign that reads "get in on our definitely not fraudulent spacs here to absolutely not lose money to the institutional investors juicing a most assuredly not failing business"