Houmu Holdings Ltd (HOMU)

[Imagineer66]

SPAC plays, particularly DL plays, are quantitatively different. In other markets a double bagger is a rare occurrence, a 3-5x is a once a decade thing. So, your logic makes sense in those situations. On the other hand, DL SPAC plays REGULARLY run 10-100x. Where other plays wait years to regain a double, this one will gain 10x in the next 2-3 weeks when the SS is updated and 100x when the RM is announced.