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WeissLaw LLP Reminds FSKR, INAQ, MCAC, and NGA Shareholders About Its Ongoing Investigations

WeissLaw LLP Reminds FSKR, INAQ, MCAC, and NGA Shareholders About Its Ongoing Investigations
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More Celebrities Are Involved in SPACs Investors Should Be Wary

With more SPACs on the market, there is more competition for investor dollars and for attractive merger targets. “SPAC offs,” where companies meet with several SPACs in a row and then choose which to merge with, have become commonplace. In some cases, having a celebrity on your side might just clinch a deal. For investors, there are more opportunities, and it’s important not to be dazzled by celebrity star power. Investors are better off focusing on SPACs from sponsors with strong track records from previous ventures, major institutional backing, and compensation aligned with investors. Management and board members should have a background that suits the SPAC’s target industry. A current or retired CEO with operational experience is most valuable of all.

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