WFL might be small for them, but not in combination with other companies. According to their last quarterly report:
As used herein, “Target Business” means one or more operating businesses that together have an aggregate fair market value equal to at least 80% of the value of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on the interest earned on the Trust Account) at the time of the signing of adefinitive agreement in connection with a Business Combination.
The target business combination must have a market value of 80% of the company's assets. WFL could certainly be swept up in this combination, especially as they are proposing to target companies... exactly like WFL.
And they have 15 months from the IPO to do it. Making it the first quarter of next calendar year.
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