Then, in the past yr, its issues became more pronounced: Its chief exec was terminated by the board, a fmr board member was #arrested on charges of #InsiderTrading, & the co agreed to pay an $18M #settlement to resolve charges that it had #MisledInvestors & given false info to the #SEC.…

SPACs are known as “#BlankCheck” companies because they raise money from #investors to buy a #private company before identifying who they intend to target.