The Sunion to SPAC for Estimated $644M

Bookrunners cited the company’s “unmatched operational track record” and “strong pipeline of early-stage projects”, while acknowledging that a public markets IPO did close off many attractive opportunities for near-term wholesale value destruction by WoodMac.

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Developer With 25% Corp Discount Rate Retains Project With 7% WACC, Carries On With Life Believing They Are Rational Human