No salaries, finder's fees, or other cash compensation are paid to the management team prior to the business combination, and the management team does not participate in a liquidating distribution if it fails to consummate a successful business combination. In many cases, management teams agree to pay for the expenses in excess of the trusts if there is a liquidation of the SPAC because no target has been found.
No salaries or cash compensation are given to the management team before the business combination occurs, and they do not receive a liquidating distribution if the combination is unsuccessful. In many instances, management teams agree to cover excess expenses from trust funds in case of an SPAC liquidation due to no identified target.