While I won't comment on your other points, I do want to correct you that many SPAC acquisition deals involve a lengthy investor presentation deck that shows hi

While I won't comment on your other points, I do want to correct you that many SPAC acquisition deals involve a lengthy investor presentation deck that shows historical/projected financials (which are then republished in a more typical/formatted SEC document closer to the proxy vote date of the merger). Here's 23&Me from the SEC website: https://www.sec.gov/Archives/edgar/data/1804591/000095010321001780/dp145636_ex9902.htm https://www.sec.gov/Archives/edgar/data/1804591/000095010321... See page 34 for summary of financials.