I think there'll be major conflict of interest if a founder does that.
The closest thing I've observed to that scenario is Group Nine, a digital media company, which launched a SPAC that it planned to merge with another media company, then merge with itself.
Group Nine, however, recently merged itself (minus its SPAC) with a rival, Vox Media, and hasn't talked about the plans for the SPAC henceforth, but it's suspected that the combined Group Nine-Vox Media will merge with it.
The closest thing I've observed to that scenario is Group Nine, a digital media company, which launched a SPAC that it planned to merge with another media company, then merge with itself.
Group Nine, however, recently merged itself (minus its SPAC) with a rival, Vox Media, and hasn't talked about the plans for the SPAC henceforth, but it's suspected that the combined Group Nine-Vox Media will merge with it.
https://techcrunch.com/2021/01/15/group-nines-spac-goes-publ...
https://www.vox.com/recode/2021/12/13/22833341/vox-media-gro...