Chamath Palihapitiya’s Social Capital Hedosophia Holdings V (NYSE:IPOE) has been a hot stock of late. Like other celebrity SPAC IPOs, investors have piled into IPOE stock in anticipation of what could turn out to be high-quality merger targets.
Now that the hype phase has faded, enterprising investors can scoop up shares of PSFE stock for a cheaper price.
Churchill Capital Corp. IV (NYSE:CCIV) closed Tuesday down 8% after a new Securities and Exchange Commission filing shed additional light on its merger with Lucid Motors. CCIV stock is also under pressure as bearish sentiment around SPACs mounts.
Bulls look likely to win the battle today with Churchill Capital IV (NYSE:CCIV), as a new interview sends CCIV stock soaring. Without confirmation of a Lucid Motors SPAC merger, what is the rally all about? And what else do you need to know now?
CIIC stock has faded a bit, but a broader pullback in EV SPACs means it could have further to fall
You might not have room on your list of special purpose acquisition companies (SPACs) for one more. But you’ll definitely want to take a look at Experience Investment (NASDAQ:EXPC), a SPAC from KSL Capital. And if you’d like to enter into a truly different type of investment, then EXPC stock could be right up your alley.
The shares of Pivotal Investment (NYSE:PIC) were up more than 21% after the opening bell ahead of a shareholder vote on the SPAC merger of the company with XL Fleet. So what do you need to know about PIC stock here?
This year has seen an incredible increase in interest surrounding special purpose acquisition companies (SPACs). In fact, many companies have come to the market via this path. These companies do not have operations, but instead exist to raise capital via an initial public offering (IPO) to fund the company they merge with.
Pershing Square Tontine Holdings Ltd (NYSE:PSTH) has bucked the trend of most SPACs (Special Purpose Acquisition Corp.), both in terms of the type of deal it’s looking to make and its size.
Opendoor’s new SPAC deal is just the next way tech disrupts traditional industries — and profits from it. This time, the target is real estate.
HYLN stock is a long-term winner because RNG is an immediately usable clean energy solution for trucking
By now, I’m sure at least some of you are getting quite tired hearing about special purpose acquisition companies, or SPACs. Seemingly every other market debut is a SPAC, essentially a backdoor way of doing an initial public offering. Nevertheless, Gores Metropoulos (NASDAQ:GMHI) stock has attracted much attention and for good reason.
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.
These SPACs have already found companies to complete reverse mergers with. Look for the SPAC stocks to double or even…
Since making its trading debut in April at an opening price of $20.49, DraftKings (NASDAQ:DKNG) stock is up over 60%.…