Short-seller Carson Block said he’s building bets against more special purpose acquisition companies and that some retail investors will fall victim to “predatory plays.”
SPAC boom skeptics are betting against deals including Social Finance, Lucid and Lordstown Motors. Short sellers are coming for SPACs.
It was another busy week for the SPAC market with numerous deal announcements and rumored deals. Benzinga’s “SPACs Attack” covered the deals and news of the week.
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?
Did you miss the SPAC merger news this week? Here are the top 13 stories you need to know.