Day traders are targeting some companies that have recently completed a SPAC merger, revitalizing some of the excitement of the meme stock that helped make such deals popular earlier in the year. ..
The excitement of the latest special-purpose acquisition company is the cybersecurity firm IronNet Inc, which suffered a significant investor withdrawal prior to its release by ending the SPAC merger. We are focusing on companies like. High withdrawals can force a company to go public with less cash to put into its business, making it difficult to achieve the growth forecasts it made as part of its dealings with so-called blank-checking companies.
Day traders rush after early investors fleeing SPAC trading
Source link Day traders rush after early investors fleeing SPAC trading