Who knew that a single deli in South Jersey could be worth $100 million in the public markets? So how does an NJ deli that serves potato chips along with other items become worth $100 million? Only in the crazy, far-gone world of Special Purpose Acquisition Companies (SPACs). Blame Covid for some of that, but none of that could explain the $100 million valuation. Hometown denies being a shell company, insisting that its deli is a going concern.

Source: Forbes May 06, 2021 14:15 UTC