Bergamo Acquisition Corp. (BGMO)

[old man river]

My hunch is

Paying the bills.

HH is trying to raise $ 25 mill for which he will need to pay fees to someone. At 1%, that is $ 250k. Add on top his now resolved legal bill and his travel cost, we could be looking at over $ 400k in total. At 10 cents per share, that would mean 4 million shares to be sold to cover the bills. Spread that over about 5 to 10 trading sessions and it does make some sense.