Previous close | 11.35 |
Open | 11.30 |
Bid | 11.11 x 2200 |
Ask | 11.50 x 1200 |
Day's range | 11.13 - 11.55 |
52-week range | 10.51 - 18.31 |
Volume | 332,890 |
Avg. volume | 1,547,462 |
Market cap | 661.825M |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Out of the six SPACs Chamath Palihapitiya has launched so far, there are two that have yet to identify their acquisition targets. In this Fool Live video clip, recorded on March 15, Fool.com contributors Matt Frankel, CFP, Brian Withers, and Dan Caplinger discuss whether these two blank-check companies might be worth a look now.
A big investor safety net when it comes to SPAC investing is that if the "blank check" company isn't able to find an acquisition target, investors get their money back. Well, sort of. Many SPACs trade at a big premium to the actual amount of money they have, and investors need to know and understand this risk factor.
The problem is, how can you evaluate a SPAC as a potential investment before a merger agreement is announced? While investing in a predeal SPAC is certainly a speculative endeavor, there are some ways to narrow down the field to those that make the most sense as investments for you. Matt Frankel: So, when a SPAC files to go public, it issues files of the form SEC called an S-1.