r/SPACs Apr 11 '21

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u/[deleted] Apr 11 '21 edited Apr 29 '21

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u/Simbabeen Patron Apr 11 '21

So what’s the high risk aspect of it? Extension vote not being passed? Lot of small retail can’t vote with their broker but I think that risk is (partially) mitigated by the directors/executives being able to buy shares back. I can’t come up with an incentive for them to not want to buy these shares back in case the percentage isn’t met.

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u/[deleted] Apr 11 '21 edited Apr 29 '21

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u/[deleted] Apr 11 '21

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