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Technology Stocks : Blank Check IPOs (SPACS)

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kidl
To: kidl who wrote (2926)11/30/2020 9:08:18 AM
From: Glenn Petersen1 Recommendation   of 3862
 
PSTH is trading at 4\$26.80, quite a premium to its liquidation value of approximately $20.00. That is very unusual for a SPAC. It actually penalizes the target company, which would like to have the initial transaction valued on the basis of the cash value of the SPAC. The premium might scare away some potential deals.

The newly public pre-revenue QuantumScape (QS) is trading at $45.19 in the premarket, up another $8.83.
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