Enzolytics Inc (ENZC)

[falon]

I did some research on SPACs when the potential agreement was first announced and basically after the deal is signed some companies stock price gown down quite a bit while others move up and continue to do so.

Why the difference?

Results. Companies must perform to provide revenue and profits.

List of Companies That Went Public By Merging With A Special Purpose Acquisition Company ('SPAC')
https://stockmarketmba.com/listofcompaniesthathavemergedwithaspac.php

I look at a lot of companies that went the SPAC route and found mixed results.

Most SPAC trade around $10 and soon after the deal closes a lot of them drop significantly. Some recovered some didn't.

MoonLake Immunotherapeutics (MLTX) completed SPAC on 4/5/2022 and closed at $13.25.

Closed on 5/5/2022 at $5.73

Closed on 11/5/2002 at $8.49

Closed on 4/21/2023 at $21.67

EQRx, Inc. (EQRX) completed SPAC on 12/17/2021and closed at $8.29

Closed on 1/18/2022 at $6.28

Closed on 7/18/2022 at $5.00

Closed on 12/16/2022 at $2.18

Closed on 4/21/2023 at $1.85

The bottom line is the SPAC gets you to a higher exchange or to become a public trading company however companies must perform, must produce, must provide results.