MSNBC All In With Chris Hayes October 23, 2021 00:25:00
Offering are the way that small unknown companies go public. again, with the idea that they have to go through a rigorous vetting process before they come to you, the investor because they have bono fide that make them invest worthy. along comes the spac. it's a new name for an old thing on wall street. these used to be called reverse mergers. all that will are is a way for a company to become public and raise money from public investors without having to go through all those other steps of disclosure. showing what kind of operating success you've had. showing that you been profitable over a p...
Source: archive.org