I’m no pro on SPACs, but I’ll say that no matter how a company comes to market…they’re almost always overvalued from the start. So I never have any desire to get into IPOs, no matter how they’re originally formed.
Toward market tops, things get loose and towards market bottoms, what’s allowed gets tightened up. It’s just another sign of a speculative market top, in my opinion.
These business owners want to get the public cash, while sentiment is still super positive. That way, they’ll have all of this cash in hand when markets plummet. And if they didn’t do it quickly, no retail cash would want to do in it in the market downtrend or shortly thereafter. So, their window to go public is closing in on them. So I’d imagine its why they want these quick paths.