I would hope it means progress at least. I feel like you don't spend 2 million bucks on legal fees getting nothing done.
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Yes- that is a large sum and doesn't include anything in Q1. IPOE (Sofi) lost 600K in 2020. so 2-3M is a lot for a spac. CCIV was massive as well and they spent 2.1M in 2020.
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