“Racial equality” is mentioned five times in the registration document for the exchange. Nobody notices the irony.
Kaepernick doesn’t think much of police officers
Football player Colin Kaepernick made international headlines in August 2016. At the time, he refused to stand during the US national anthem and instead knelt. The reason: “I will not stand up and show pride for a flag that stands for a country that oppresses black people.”
He underlined his agenda with socks depicting police officers as pigs. Amnesty International declared him an “Ambassador of Conscience” and he won an advertising contract with the clothing brand Nike. Many Americans then burned their Nike shoes in protest.
IPO with political goals
Now Kaepernick has founded a “Special Purpose Acquisition Company” (SPAC) with the Iranian-American businessman Jahm Najafi. SPACs only serve the purpose of raising money on the stock exchange in order to buy out another company. For strategic reasons, SPACs do not announce which company this will be. So investors have to trust the founder.
However, Kaepernick has disclosed the ultimate purpose of his SPAC: A brand worth “an estimated one billion US dollars” and with the “potential to generate positive social and cultural impact” should be “identified, acquired and improved,” writes hollywoodreporter.com. In plain language: A successful brand will be bought up and politicized.
There’s a catch
Kaepernick attaches particular importance to diversity. What that means can be seen in the document that registered his SPAC with the US Securities and Exchange Commission. It says, among other things:
“Najafi and Kaepernick’s commitment to their social mission is reflected in the formation of the independent board, made up of 100 percent Black, Indigenous and people of color (BIPOC) and has a female majority.”
In other words: Kaepernick is so anti-racist that he is racist. He does not include whites in his corporate management, by design. Even though he was adopted by a white family who gave him a privileged life.