Is it actually worth investing in blank check companies
There are upsides to SPACs but I couldn’t personally recommend those upsides unless you really know what you’re investing in.
The downside is you’re trusting your money blind to a management team with nothing more than an indication of the sector they’re looking at. Now, this could mean that they obtain a better price for their investors than they would have paid for an equivalent final stake in the target company at an IPO; the downside is they could be investing in a bad deal and you’d be none the wiser until too late.
This particular one could be a good investment, or not. My point is a general one rather than intended to suggest that the specific stock should not be given consideration.
Thank you. Think I’ll be giving them a miss for now
What the hell @Freetrade_Team? Why cant i sell this stock? You sent a message saying you will automatically sell on september 20th, and in the meantime it is just going to trend down.
I tried to sell it 5 days ago which failed, and it has already dropped 7% since then. Why cant it be sold now?
Still dropping and unable to sell @Freetrade_Team!!
This is real money! Cant you do something?
Have you messaged support? The community forum isn’t a place where they can answer account questions.
Trading in the SPAC was suspended last week, see the SEC filing for 29/08/2023 from their website.
I very much doubt anyone is able to sell now. The company is is in the process of winding down so all you can do is wait.