It seems like this might be a better approach than SPACs.
Going forward, are there any other benefits to choosing a SPAC over this direct listing approach?
Going forward, are there any other benefits to choosing a SPAC over this direct listing approach?
Out of curiosity, how onerous is the S1 filing? Is it any more difficult to fulfill than the annual reporting requirements?
From my understanding, the SPAC goes public (with an S1) with the intent to acquire "some company". Then the company being acquired doesn't have to file an S1. I would guess that the SPAC's S1 is going to be a lot less complicated, as it's a do-nothing holding company set up to acquire some TBD company.