https://techcrunch.com/2021/06/24/spac-charts-are-exercises-in-the-limits-of-hype/

Having read more SPAC investor decks in the last twelve months than I’d like to admit to, I thought I was over being irked by their bullishness. Call me conservative, but public companies shouldn’t be full of shit, and companies going public should probably aim for a similar target.

That’s why S-1 filings for traditional IPOs are great. When it comes to numbers, they are honest. The filings don’t include forecasts for the next year, let alone the next half decade. Sure, companies will make a pitch for their model and methods, but S-1 filings are pretty good from an honesty perspective. Mostly.