With time running out, it seems extremely unlikely that Sona can propose an acquisition which will be approved by the shareholders.
"Yield seekers" seem to be a threat to the promoters of SPACs, it is therefore the duty off the management of these vehicles to:
- Propose a really good deal
- Communicate this clearly to the shareholders
Not an easy task.
With the promoters looking (again?) at a possible large loss of money, SPACs will most likely lose their shine.