SPAC list, and Trump's DWAC

thecoder

thecoder

A special purpose acquisition company (SPAC), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process. (--> https://en.wikipedia.org/wiki/Special-purpose_acquisition_company )

SPAC list:
https://stockmarketmba.com/listofshellcompanies.php

S.a. Trump's recently acquired SPAC with the ticker symbol DWAC rose 121% last Friday (intraday even 284% for a short time, ie. a spike, cf. High price) :
https://finance.yahoo.com/news/trump-tech-spac-could-him-121500317.html
https://finance.yahoo.com/quote/DWAC?p=DWAC

Another SPAC with the ticker PHUN rose 471% (!) on last Friday (intraday even 1470% for a short time, ie. a spike, cf. High price):
https://finance.yahoo.com/quote/PHUN?p=PHUN

Analysis of the above events by The Motley Fool:
https://www.fool.com/investing/2021...hoo-host&utm_medium=feed&utm_campaign=article
 
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There has been much hope and anticipation among investors about SPACs, but so far general results for them as a group have been disappointing... so I've read.

Maybe that should not be much of a surprise, as issues are "priced to the moon" already.
 
Scataphagos said:
There has been much hope and anticipation among investors about SPACs, but so far general results for them as a group have been disappointing... so I've read.

Maybe that should not be much of a surprise, as issues are "priced to the moon" already.
More...
Yeah, after my Q&D research I too came to the same conclusion.
But then I imagined that after Trump made it very popular last week, then now maybe many others will run for them, maybe many Chinese companies wanting to be listed in the US that way, as it's relatively cheaper than going the full IPO process...
It could be that SPACs just have become very hot right now and also from now on.
I read that also the famous Reddit gang is switching from their meme stocks GME and AMC to such SPACs like DWAC ...
 
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