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SPACS are special purpose acquisition companies. Which of the following is FALSE? a. Jaws Acquisition Corp. was established as a SPAC. b. They help companies

SPACS are special purpose acquisition companies. Which of the following is FALSE?

a.

Jaws Acquisition Corp. was established as a SPAC.

b.

They help companies go public without an IPO.

c.

They are illegal according to the SEC

d.

SPACs are part of a reverse merger arrangement.

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