SPACS for some reason shoot up when they are first listed.

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Posted by Bruinfan4ever on April 15, 2024 at 14:46:07

In Reply to: DJT down 18.35% today posted by DSCBruin on April 15, 2024 at 13:18:20

Then they tank hard because those companies usually take advantage of the high stock price and sell shares into the market to raise capital.

I don't know if DJT has a SHELF or what? I don't feel like looking it up and don't care.

But it's always possible they are raising capital to fund the company.

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