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In 2006, SEA earned $4.4M in interest on $193M in cash. That's a little over 2.2% annually. They spent $1.2M on professional fees, insurance, due diligence, etc, netting around 1.7%.

I've frequently seen public companies earn less than "prevailing rates" on their cash balances. If you want to know why it is happening in this case, you can call SEA management and ask or read their 10k. One interesting note you'll read is

"A portion (32.99%) of the interest earned on the Trust Account has been deferred on the balance sheet as it represents interest attributable to the common stock subject to possible redemption (See Note 1)."


Either way, it doesn't change the value here more than a small percentile.

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