Would like to ask about the implications of purchasing a SPAC on freetrade, especially the purchase of partial shares in a SPAC e.g. CCIV, what would the implications be on freetrade when a share split occurs and the new listing is created would the split include the fractional shares or would the shares be sold at the market value before the split like other platforms.
Looking at past stock splits like Tesla and Apple, you simply get the new number of shares (or fractions) so I had 1 apple share which became 4 shares of 0.25 the value.
When CCIV merges with lucid, assuming its 1:1 merge, all that will happen is the ticker will change and your shares won’t look any different.
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