Tech

Because going public via a SPAC is seen as a merger, startups doing so face fewer restrictions on promoting stock vs. normal IPOs, which have a "quiet period" (Eliot Brown/Wall Street Journal)



Eliot Brown / Wall Street Journal:

Because going public via a SPAC is seen as a merger, startups doing so face fewer restrictions on promoting stock vs. normal IPOs, which have a “quiet period”  —  Companies can dazzle investors by appearing on YouTube and other media outlets in ways those doing traditional IPOs can’t




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