This article from Crunchbase looks at SPAC deal flow in 2020 and the potential upside of investing in blank-check companies led by experienced executive teams. Read more.
SPAC vs Traditional IPO: Investors See Benefits of Blank-Check Companies
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Senior Apple Car Executive Sued by SEC Over 2020 SPAC Dealings While at Canoo
Ulrich Kranz, the former CEO of Canoo, and former Canoo CFO Paul Balciunas were sued in federal court in Los Angeles for allegedly providing unreasonable revenue projections. Kranz also was accused of misstating how much he was paid. The two men no longer work at Canoo.