Comment by Lazare

> While in theory I am in strong support of new financing models to bring new technologies to market(ex. these Special Purpose Acquisition Companies - SPACs) I am very concerned that if even a portion of the alleged is true, this could poison this financing route for legitimate businesses and the sector overall.

SPACs have been around for a long time, and they've always had a bad reputation, often used for various forms of fraud and penny stock scams. Going live via a SPAC is opaque and expensive; you'd never choose it unless the normal IPO path seemed too risky for some reason, probably because you might not be able to survive the transparency the process requires.

If Nikola is just a complete fraud, that wouldn't taint SPACs so much as it would confirm their existing reputation.