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Its apparently not that uncommon a move, as according to what I’ve watched about it, it allows the company using the trick to go public without going through the checks and balances that the FTC usually does.
What is uncommon is that they fucked it up at least twice that I can recall. They were supposed to go public summer 2023.
Its apparently not that uncommon a move, as according to what I’ve watched about it, it allows the company using the trick to go public without going through the checks and balances that the FTC usually does.
What is uncommon is that they fucked it up at least twice that I can recall. They were supposed to go public summer 2023.