.jerallaire says that the company still intends to go public in the future despite scrapping the SPAC deal
The boards of directors of both companies agreed to pull the plug on the tie-up.
The issuer of the second largest stablecoin announced that it would go public via the now-canceled SPAC back in July 2021.Many private companies choose to merge with SPACs, which are also called"blank check companies," instead of going public via a traditional IPO due to lower fees and other benefits.
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