How Openmarkets’ SPAC deal for NASDAQ listing would work
First off, there’s no IPO-style raise. Openmarkets would merge with BRAC, and the SPAC’s shareholders would have option to stay in (which would see new money come in to Openmarkets) or go out. What proportion of BRAC investors leave/stay won’t be known until the very end of the transaction, meaning…
bubmagJanuary 20, 2023