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re: Special Purpose Acquisition Company (SPAC) Discussion
Posted on 10/25/21 at 6:59 pm to LSUregit
Posted on 10/25/21 at 6:59 pm to LSUregit
With DWAC, BENE, and BKKT soaring with some incredible gains the last 3 trading days, it looks like we may start to see some more plays like this in the near term. I am not that verse in the SPAC world. Anyone still follow these things?
1
Posted on 10/25/21 at 7:11 pm to Crescent Connection
Basically the play is to be some of the first in on the next viral SPAC as they have a floor of $10 pre merger (based on redemption mechanics). So find some at just above $10 and then hope to God they go viral big time and you can make 5-10X your money in a day or two. Easier said than done. Most of the people trading these have no idea about SPAC mechanics. 
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