Org - Are you saying that HYLN has more than $4.16 worth of cash on hand?
That may be so, but that isn't the only metric that we measure a company and investments.
I also look at the market, product and the management team. When you factor these into the value at HYLN, the company is worth MUCH LESS than $4.16. Maybe closer to $2.00/share.
This means that the cash on hand will be shrinking as well, just as the money invested in the HYLN SPAC has been shrinking.
Where has that money gone?