Electric vehicle maker Fisker Inc announced Thursday it has completed a reverse merger with the blank check company Spartan Energy Acquisition Corp SPAQ 0.11%.
KEY POINTS Shares of Lordstown Motors surged nearly 20% during the company’s public debut on the Nasdaq. The stock jumped…
Stock in special purpose acquisition company DiamondPeak pulled back from a steeper decline to trade down more than 5% Tuesday afternoon. It apparently is a reaction to an issue involving Workhorse, but that’s wrong-headed. Trading in the stocks should be the other way around.
The idea of investing in a shell company might not sound particularly enticing. Maybe that’s why so many traders have not seriously looked into DiamondPeak (NASDAQ:DPHC) as a business with growth potential. Yet, traders should investigate DiamondPeak stock as there is a backstory here that’s compelling.