If you want to look at another SPAC, have a look at VIH. It is merging with Bakkt, two hyper growth markets at the moment, SPAC and Crypto currency, rolled into one.
The sponsor of VIH (Victory Park Capital) is 24.9% owned by an ASX listed company Pacific Current Group. When sponsors merge, the typical fee 2% of merged entity earned by the sponsor is typically 20% of initial capital raised in SPAC. While SPAC’s may grow when a merger is announced, Pacific Current Group will earn a part of the gain (full forecast fee on VIH is approximately $USD42M).
If the three other SPAC’s find a merger then Victory Park Capital stand to generate an additional $USD42M x 3, $USD126M. Total of $USD168M.
They also have three other listed SPAC’s searching for merger opportunities - VPCC, VPCBU and LNFA.
