RE: TAKE OVER20 Mar 2021 15:56
If any company was to take over FAR it would be VBR. VBR is a shell company that was founded only a couple of months ago through an IPO. A shell company doesn't own anything or produce anything and its sole purpose is to either merge with a company or buy it out. If the shell doesnt achieve either within a 2 year period, by law, the money it raised goes back to the investors.
Mick davis formed a SPAC back in 2015 and raised $5.4 but he failed to acquire a single company within 4 years so the money went back to its source.
Im not saying VBR will leave FAR high and dry but it has 2 years to acquire a company other wise it will cease to exist just like micks other SPACS.
The shares VBR purchased from FAR are kind of a insurance policy for them should anything go wrong as they would be cashed in if they fail to merge or acquire.
So yes, FAR are likely to be bought out in the future but most likely by VBR