Probably a smart move for the company (or at least its shareholders). The valuations are generally quite generous. Seems to be the case here, as well.
I'm a big fan of SPACs when sponsored/organized well. I've never heard of Mudrick Capital, but that doesn't mean much, as I'm not in the industry anymore. The traditional IPO market has/had become such a racket, and not particularly useful for non-tech companies.
Anyway, I'm not a buyer at this valuation, mostly just because I don't know the industry well and can't judge. But I wish them luck!
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