Troubled SPAC to buy iRocket for $400M but it returned most of its cash

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duxup · 1d ago

>The New York-based startup lists just four employees, excluding board members, on LinkedIn. Its contracts include an $18 million deal with the Air Force Research Lab and a $1.8 million contract with the Space Force. A PR firm representing iRocket and the SPAC declined to respond to TechCrunch’s questions.

So the SPAC is weird and ... even their acquisition target is weird.

What the heck is going on here?

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Troubled SPAC to buy iRocket for $400M but it returned most of its cash

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