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Are Spacs totally Knuts?

Investors Chronicle, 2021-03, p.77

Copyright The Financial Times Limited Mar 26, 2021 ;ISSN: 0261-3115

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  • Title:
    Are Spacs totally Knuts?
  • Author: Hall, Algy
  • Subjects: Anniversaries ; Annual reports ; Investments ; Special purpose acquisition companies ; Stockholders
  • Is Part Of: Investors Chronicle, 2021-03, p.77
  • Description: Seeded with a small pot of cash by the foursome, in a deal valuing the shell company's shares at 2p, the price of the stock swiftly rockets 2,500 per cent as retail investors scrambled to get a slice of the meagre free float. A motivation behind these letters was to save on the cost of sending out so many annual reports to small retail shareholders - ironic given distribution of such reports was the line of work WILink was in. [...]there are themes echoing down the ages: the razzmatazz; retail investors putting blind faith in 'talent'; the limited pre-deal scrutiny; the ability for 'talent' to get rich even as retail investors get poor; and the pressing need for so many vehicles to find deals - such buyers are rarely price sensitive.
  • Publisher: London: The Financial Times Limited
  • Language: English
  • Identifier: ISSN: 0261-3115
  • Source: ProQuest Central
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