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Nearly half of all startups with less than $10M in annual revenue that went public via SPACs in 2021, mostly in tech, missed earnings and revenue targets (Wall Street Journal)


Wall Street Journal:

Nearly half of all startups with less than $10M in annual revenue that went public via SPACs in 2021, mostly in tech, missed earnings and revenue targets  —  Hot upstarts that went public via blank-check corporations are lacking revenue and earnings targets—typically months after making these forecasts

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