InvestorsHub Logo
Post# of 123053
Next 10
Followers 59
Posts 765
Boards Moderated 0
Alias Born 07/26/2017

Re: None

Saturday, 11/21/2020 3:57:27 PM

Saturday, November 21, 2020 3:57:27 PM

Post# of 123053
LINK here.. Why companies go public through a shell rather than IPO. Its the newest easiest way on Wall street

https://www.wraltechwire.com/2020/08/07/going-public-through-reverse-mergers-once-scorned-is-new-rage-on-wall-street/

Lordstown Motors is the latest high-profile company that plans to go public by merging with a special purpose acquisition company or SPAC. These types of so-called blank check or reverse merger deals used to be an object of scorn on Wall Street. Now they’re all the rage.

Among the companies that have recently hit Wall Street by merging with a SPAC are Richard Branson’s Virgin Galactic, sports gambling company DraftKings and Lordstown electric truck rival Nikola.

Investing guru Bill Ackman recently launched a SPAC named Pershing Square Tontine Holdings that went public with the hopes of buying a unicorn startup.

Even Billy Beane, the baseball statistical savant played by Brad Pitt in “Moneyball,” now has a company named RedBird Acquisition that’s looking to go public as a SPAC in order to buy a sports franchise.

THIS IS REAL AND HUGE. SO GRATEFUL TO BE A PART THIS EARLY IN THE GAME> CHA CHING TSNP$$$
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent HMBL News