The shoe business was sold, a shell of a public company was left, and it essentially acquired a brand new company focused on AI.
[1]https://certuity.com/insights/what-happened-to-spacs/ [2]https://mergersandinquisitions.com/spac-vs-ipo/
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But then a company whose only asset is it has a listing should be able to go up by 580% doing not very much.
The shoe business was sold, a shell of a public company was left, and it essentially acquired a brand new company focused on AI.