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So CFVI wont go below $10?
Posted on 12/27/21 at 9:12 am
Posted on 12/27/21 at 9:12 am
Can someone explain this before I decide whether to invest?
2
Posted on 12/27/21 at 9:24 am to LChama
SPAC's have a redemption floor of ~$10 before merger. They can go down to the high $9's in extreme conditions, like ~$9.70ish. After merger, the redemption floor is removed and price can go to zero hypothetically. The merger is supposed to happen in Q2 2022 for CFVI and Rumble I think, so until that merger happens, ~$10 is the floor price, correct.
Posted on 1/6/22 at 12:04 am to LChama
This is moving again. Next few weeks could be interesting. I'm in for a few thousand shares.
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