Aptera › Community › Aptera Discussions › Shareholders, we need to go public through IPO or SPAC. › Reply To: Shareholders, we need to go public through IPO or SPAC.
MemberAugust 24, 2021 at 3:03 pm
SPACs were developed to allow companies quicker access to capital. There are plenty of poor SPACs just as there are plenty of poor companies that went the IPO route. Aptera would be no worse for wear if they chose the SPAC route. I am in favor of them staying private for as long as their finances will allow. There is so much drag, inefficiency to being a public company. The IPO process is a marathon roadshow that can distract from the business at hand. Chris and Steve have done well so far and I support their decision to use small investors and private equity to fund the companies development. Go Aptera!