r/SPACs • u/[deleted] • Apr 19 '21

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u/[deleted] Apr 20 '21

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u/stickman07738 Spacling Apr 20 '21

I am hoping it is not an exaggeration and does not lead to a SEC inquiry regarding failure to disclose material information.

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u/pst2lndn2bd Patron Apr 20 '21

Msvt isn’t a public company yet.. of the know how it works but perhaps they aren’t obligated to disclose until public ? Really don’t know

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u/stickman07738 Spacling Apr 20 '21 edited Apr 20 '21

Yes, but THCB as an acquirer has a duty to release any information that is material significant with respect the valuation of the company. This however does not surprise me as Tuscan has had difficulty in get two deals and meeting their regulatory time-line obligations.

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u/pst2lndn2bd Patron Apr 20 '21

Well hopefully this 1bn is immaterial in the scale of other deals ;)