Don't Go Long on SPACs
The message seems clear given recent deSPAC performance and continuing short seller reports -- SPACs are a yield play and investors shouldn't hold beyond ex-redemption.
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The message seems clear given recent deSPAC performance and continuing short seller reports -- SPACs are a yield play and investors shouldn't hold beyond ex-redemption.
With so many SPACs fitting the mold of technology companies sensitive to interest rates it was no surprise they fell alongside the broader tech sell-off.
The improved SPAC narrative continues with June's deal votes going smoothly, CCIV getting a vote date, CCIV/Lucid setting a vote date, and the Russell 3k welcoming a number of de-SPACs to its ranks.
Share this article Share this article CHICAGO, June 14, 2021 /PRNewswire/ -- G Squared Ascend II Inc. ("G Squared Ascend II" or the "Company") announced the pricing of its initial public offering of 12,500,000 units at a price of $10.00 per unit for aggregate gross proceeds of $125 million. The units are expected to begin trading on the New York Stock Exchange on June 15, 2021 under the symbol "GSQB.U". Each unit consists of one share of the Company's Class A ordinary shares and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A o...
/PRNewswire/ -- G Squared Ascend I Inc. ("G Squared Ascend I" or the "Company") a special purpose acquisition company formed for the purpose of entering into a...