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Continue to ChatWhereas in an IPO, issuers and underwriters are liable for making false and misleading forward looking statements, SPACs are not subject to that same standard, that has emboldened many pre-revenue companies in highly speculative industries such as electric vehicles, cryptocurrency, and space exploration to make what might generously be called very rosy projections. - Andrew Park from https://whatsmyquote.com/quote/whereas-in-an-ipo-issuers-and-underwriters-are-liable-for-making-false-and-misleading-forward-looking