The document discusses the potential risks and conflicts of interest associated with a special purpose acquisition corporation (SPAC) managed by executives and directors with no prior experience in SPACs. It highlights concerns about the ability of key personnel to negotiate employment agreements, the limited ability to assess target business management, and potential conflicts of interest due to time allocation to other businesses. The document also mentions the possibility of key personnel from the target business resigning post-acquisition, which could impact operations and profitability.
documents/vol00010-efta01366327-pdf.pdf
{"key_people":["Mr. Zepf"],"document_type":"correspondence","key_organizations":["SEC"],"reference_numbers":["DB-SDNY-0057853","SDNY_GM_00204037","EFTA01366327"]}