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I’ve written a series of articles about SPAC stocks (special purpose acquisition companies) that recently announced their target merger deals. Thus, this week, we’ll examine five more SPAC stocks with agreed-upon merger deals announced in the past three weeks. In addition, I have added two bonus SPAC situations worth a look.
Moreover, you should also read my previous article on in-the-money warrants of announced SPAC stock deals. Often these warrants, solely for announced deals, are very valuable and offer more leverage than the underlying SPAC stock.
Overall, SPACs are now clearly on the rise in 2020. According to Spacanalytics.com, 47 SPACs have announced merger deals this year so far worth $11.77 billion. In addition, there are 134 SPACs looking for an acquisition, worth $46.52 billion.
Bloomberg says that SPAC stocks are clearly the new “status symbol” for hedge funds and