Kir Kahlon from Scorpion Capital makes the case that IonQ (IONQ) is just another in a lengthy line of sham SPAC deals. At the heart of its thesis, Scorpion Capital finds no evidence of its highly-touted quantum breakthrough and questions the reliability of its current technology. From shady third-party transactions to an absent management team, IonQ raises numerous red flags.

The full report can be found on Scorpion Capital’s website here: