|SPACs/ATNF.... part 1. Bear with me.|
My first SPAC trade was last June. AVCT.
Unified cloud, cybersecurity. A bevy of very accomplished executives, combined to an impeccable corporate pedigree. Very little has transpired since last summer outside of an acquisition accretive to earnings, bought with 5M more shares. Stable venture, but very, very quiet. Bought the warrants, and did pretty well.
I believe their OS was very low last July also, 15M shares, after a 2ndary 3 months earlier, in April. But maintained a tight float.
Why bring this up?
First…. Do some digging on SPACS. Here are a few. $aderu $eusgu $flacu $luxau or here spactrack.net they predominantly tend towards $10/11 on issuance. Not sure why, yet. But just like ATNF. And AVCT