Enjoy Technology, which runs mobile retail stores and went public via a SPAC merger in October 2021, says it lacks the cash to operate beyond early June 2022
A company that just went public via SPAC in October has announced they'll run out of cash next month. SPACs were basically IPOs for companies whose books couldn't stand the scrutiny of a traditional IPO. They screamed bad investment yet people poured in. https://news.crunchbase.c…
Venture-backed mobile retail upstart @goEnjoy that went public via SPAC last fall, announced it has “initiated a review of strategic alternatives” as it anticipates existing cash resources continuing to dwindle. https://news.crunchbase.com/ ... https://twitter.com/...