So good people how do we get out of the BS listing if we can't trade, Spec shares, a no win for us retailers except to sell before or during the merger rinse & repeat.
How will we know if our SAS shares can ever be sold?
WIKIPEDIA below:
Because a SPAC is registered with the SEC and is a publicly-traded company, the general public can buy its shares before the merger or acquisition takes place. For this reason they've been referred to as the 'poor man's private equity funds.'[7]
Academic analysis shows the investor returns on SPACs post-merger are almost uniformly heavily negative (however, sponsors at the flotation of the SPAC can earn excess returns),[8] and their proliferation usually accelerates around periods of economic bubbles, such as the everything bubble in 2020–2021, when the volume and quantity of capital raised by SPACs set new all-time records.[5]
