How you can avoid fraud risks after a de-SPAC

Two mobile phone face each other, one with a screen showing a man in a yellow shirt, the other showing a robber holding a face mask, pretending to be someone else.

Special purpose acquisition companies (SPACs) made history last year, with over 600 SPACs raising more than US$145 billion in initial public offerings (IPOs). Over the past few years, SPACs have become a more popular method for private companies who want to go public fast by expediting the traditional IPO process, providing access to additional capital and reducing transaction costs.

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