InvestorPlace: 7 Weak-Looking SPACs to Avoid

The opinion piece cites skepticism over high valuations, and concerns about competition among high-profile targets — as well as slow growth rates following some combinations — as key reasons to dodge certain SPACS for now. Companies should also have a compelling reason to unite with a SPAC as a way of accessing public markets. Those that don’t have a good reason and combine with a SPAC, anyway, are cause for concern, the author writes. Read more.

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VinFast Auto Faces Class Action Lawsuit Alleging Misleading Statements and Failed Delivery Targets After SPAC Deal

VinFast and Black Spade Acquisition completed their business combination last August. From announcement to closing, the deal took barely three months. This, despite the Vietnam EV maker posting lower than expected revenues for the first quarter — and after VinFast voluntarily recalled all of the first batch of vehicles it shipped to the United States last year following a safety warning issued by U.S. authorities.