Niocorp Developments Ltd (NB)

[scooter83]

Our soon to be elected new director Dean Kehler
has a poor track record from his first GX Acquisition spac
The more I look at these spacs the less I like. from $10 down to $1

GX Acquisition (the first one) started a merger deal with Celularity on Jan 8 2021
https://celularity.com/celularity-and-gx-acquisition-corp-announce-merger-agreement
$292 million in the trust fund
$80 million pipe agreement
for a total of $372 million in expected proceeds

GX Acquisition closes the deal and becomes Celularity on Jul 19 2021
https://www.evaluate.com/vantage/articles/news/snippets/celularity-goes-public-less-cash-hoped
only receives $138 million in cash proceeds including $83 million from pipe

And quoted from the link above: in May 2021

88% of GX investors ask to redeem their stock, including 73% at the time of the merger vote; GX has to seek to extend its Spac life

And the stock price started at $10 and today at $1.65
https://stockcharts.com/h-sc/ui?s=celu