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MI Rewind: Masterclass on SPACs w/ David Sherman
Millennial Investing - The Investor’s Podcast Network
The Problem With Alignment of Interest
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There may be too many SPACs to find that many good deals. Most SPACs will overpay for these targets, just like most IPOs don't go up and continue to go up. It's an arbitrage realization between private values and public facts. A sponsor who puts up this risk capital on a $200 million deal is paying out 8 millions in cash as well as future payments.
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