Jun. 6 at 12:16 AM
$BULL @HitchhikerRedux oh please....try to educate yourself.
https://en.wikipedia.org/wiki/Special-purpose_acquisition_company
Investors can buy and sell shares of the blank-check firm while sponsors search for an acquisition, or after a target is announced but before the merger finalizes. Because pre-merger SPAC stocks represent a stake in a shell company holding cash in a trust, they generally trade near their initial offering price (usually
$10) until an acquisition target is announced.