MariaDB plunges nearly 40% in NYSE debut after SPAC merger
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MariaDB plunges nearly 40% in NYSE debut after SPAC merger
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Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#2"About 99% of the shareholders of special purpose acquisition company Angel Pond got their money back before the merger was completed, wiping out about nearly $263 million in capital that the companies had projected could be raised in the deal."
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#3"About 99% of the shareholders of special purpose acquisition company Angel Pond got their money back before the merger was completed, wiping out about nearly $263 million in capital that the companies had projected could be raised in the deal."
That's my problem with SPACs. The people who put them together walk away with all the money. IronNet, 23andMe, and Adstra, had similar drops.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#4"About 99% of the shareholders of special purpose acquisition company Angel Pond got their money back before the merger was completed, wiping out about nearly $263 million in capital that the companies had projected could be raised in the deal."
That's my problem with SPACs. The people who put them together walk away with all the money. IronNet, 23andMe, and Adstra, had similar drops.
I think the bigger problem is most of the companies that go public this way are dogshit money-losers that shouldn't be public in the first place.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#5SPACs are setup by people who couldn’t figure out how to launch a DAO token scam.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#6Earlier quoted context omitted.
That's my problem with SPACs. The people who put them together walk away with all the money. IronNet, 23andMe, and Adstra, had similar drops.
I think the bigger problem is most of the companies that go public this way are dogshit money-losers that shouldn't be public in the first place.
All SPACs, and some traditional IPOs, are a last ditch effort of dumping worthless equity onto naive retail investors.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#7We need a better mechanism for companies to go public. The traditional IPO is a ripoff and SPACS are scams. It's great that companies like MariaDB are able to raise money in public markets, though.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#8The corpse of MySQL just can't catch a break.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#9Hopefully SPACs are cooked after this and the other recent bad SPAC news.
Re: MariaDB plunges nearly 40% in NYSE debut after SPAC merger
#10way too many IPOs & SPAC mergers recently…