| 52-Week High | 13.29 |
|---|---|
| Fibonacci 50% | 11.40 |
| Fibonacci 38.2% | 10.95 |
| Last Price | 10.62 |
| 52-Week Low | 9.51 |
Are SPACs a good investment?
SPACs can be great long-term investments, but it all depends on the integrity of the sponsors and the viability of the underlying business. Remember that SPACs are merely financial vehicles. Nothing about them specifically is neither good nor bad.
Why companies are joining the SPAC boom?
One key driver of the boom in special-purpose acquisition companies is a reputational shift. Blank-check companies were associated with fraud and lackluster investor returns for decades. Now, SPACs are cool, and the biggest names in sports, politics, business and entertainment are involved.
How does SPAC stock work?
The surge of SPAC deals had an effect even on space companies that did not pursue them. “In the last year or two, you’ve had a lot of activity on the private side where rounds have been getting raised using SPACs as a stalking horse,” said Tom Gillespie, managing partner of In-Q-Tel. That allow companies to raise larger rounds at higher valuations.
What is SPAC in investing?
The investment seeks to enhance space-related capabilities applicable to key industrial sectors for Singapore such as aviation, maritime and sustainability by using such technology to enrich daily life.
Is SOAC a buy?
Sustainable Opportunities Acquisition has received 100.00% “outperform” votes from our community.
Is SOAC a SPAC?
On March 4, 2021, DeepGreen Inc. announced that it had entered into a business combination agreement with Sustainable Opportunities Acquisition Corporation ("SOAC"), a special purpose acquisition company ("SPAC") with a dedicated Environmental, Social, and Governance ("ESG") focus.
What happened to SOAC?
The proprietary CNBC SPAC Post Deal Index, which is comprised of SPACs that have completed their mergers and taken their target companies public, tumbled 23% in January, even more abysmal than the tech-heavy Nasdaq Composite's 9% loss when it suffered the worst month since March 2020.
Who is SOAC merging with?
DeepGreenSOAC and DeepGreen announced plans in March to merge through a SPAC deal at a $2.9B valuation, with The Metals Company ending up with up to $570M in cash on the books.