Blue Apron Holdings Inc (APRN)

[SmellMyFinger]

Probably the Wonder Group acquisition. Per the news,
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"Terms of the Agreement

Under the terms of the merger agreement, Wonder will commence a tender offer to acquire all outstanding shares of the Company’s Class A common stock for a purchase price of $13.00 per share in cash.

The transaction is expected to close in the fourth quarter of 2023, subject to customary closing conditions, including the tender of a majority of the outstanding shares of the Company’s Class A common stock. The closing of the transaction is not subject to any financing conditions or regulatory approvals, and Wonder has fully committed financing already on its balance sheet sufficient to fund the closing of the transaction. Following the successful closing of the tender offer, Wonder will acquire any remaining shares of Blue Apron that are not tendered in the tender offer through a second-step merger at the same consideration per share paid in the tender offer."
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My guess is that shorts will want to cover their positions ASAP but need longs to sell first in order to do so. A squeeze is possible but not guaranteed. Watch for shorts to encourage longs to sell now as they try to convince longs that a short squeeze isn't possible. This could get interesting *grabs popcorn*. GLTY!