3* 2021 LB Eric Gentry Hits the Portal

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This article says the SPAC was valued at $33b and he has a 70% stake in the company, hence the $23b. Obviously depends what it ends up being.

the spac (lionheart) was not valued at ~33b, it was valued at ~330mm. but, ruiz only sold ~1% of his company (msp recovery) to the spac for that 70% of the spac.

I apologize if I made any mistakes in my rudimentary analysis
Finally someone who explains this lol
thanks!
From someone who knows nothing about SPAC, whats the word. Is this guy going to be worth multi-billions or not and why?

 
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oh boy dunk GIF
 
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