SPAC Deals and IPOE/SoFi Momentum 3 deals on Friday to close out the week, and IPOE surged into the weekend. Author:
10% to close on the news. It may be the positive endorsement (or short squeeze?) that could spark the market needed for SPAC M&A confidence. Especially since the market didn't exactly eat up the IPOF/Equinox rumor earlier this week. IPOE closed at $16.50. IPOE, backed by Chamath Palihapitiya, is one of the more high profile SPAC mergers out there. The other media favorite, CCIV, climbed 2% today. Look out for a Lucid Motors appearance on SNL this weekend when Elon Musk is a guest host.