RE: Just found Pineapple Power - Question5 Jan 2021 11:34
Copy and paste below, not a US SPAC, listed only about a week or so XMas eve:
Being small and new is exactly the idea.
Float as PNPL small MCap
Target a much bigger private company, agree terms
Suspend trading, issue of equity to the private company so that they are majority stakeholders.
Resume trading under new trading name.
Make the new larger company target for take over, wait for that to happen and walk away rich.
The relatively small cash pot is to fund the RTO and leave a little sweetener for the RTO target, an extra bit of investment should it be needed. But the Company, without the money, the clean, string free, no issue shell called Pineapple Power IS the asset being sold, and there are plenty of private companies who will jump at the opportunity to use it to get a public listing.