SPAC ATTACK: Danger in Every Note

Who knew we would be reading about another celebrity SPAC or the mad dash race to line-up private companies for a SPAC bake-off process?  What is not mentioned very often in the race to take private companies public through a SPAC process is the decision on whom to tie up with.  In effect, the private company is being sold to a partner they may have no history with.  Many of these companies are not nearly as developed as the traditional IPO candidates which generally have longer track records of success and likely better suited to be a public company.  In the race to hit the IPO window, don't forget the original reason for going public - raise adequate capital for growth.  SPAC's offer a great opportunity to accelerate the traditional IPO process yet as like playing the piano, danger lurks in every note.