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Posted On: 11/23/2021 4:06:29 AM
Post# of 27253
LOSER TRUMP"S DWAC Drops 12.4% and Patrick Orlando's ZGYH Leaves Warrant Holders Holding the Bag!!!
It was a tough day for SPACs overall, but for those betting on Patrick Orlando's SPACs, it was especially bad.
It was a tough day overall for SPACs (see biggest gainers / losers below), and as usually is the case, those SPACs with announced deals saw the biggest moves. DWAC -- the Donald Trump / Patrick Orland SPAC -- took the biggest hit today dropping 12.4% to $44.85. The biggest risk here remains the fact that it is a SPAC built entirely on air with no real substance beneath it. Could it one day become a real business? Maybe, but until then anyone holding it at prices well above NAV are taking a big risk.
https://www.thestreet.com/boardroomalpha/spac...cohen-spac
It was a tough day for SPACs overall, but for those betting on Patrick Orlando's SPACs, it was especially bad.
It was a tough day overall for SPACs (see biggest gainers / losers below), and as usually is the case, those SPACs with announced deals saw the biggest moves. DWAC -- the Donald Trump / Patrick Orland SPAC -- took the biggest hit today dropping 12.4% to $44.85. The biggest risk here remains the fact that it is a SPAC built entirely on air with no real substance beneath it. Could it one day become a real business? Maybe, but until then anyone holding it at prices well above NAV are taking a big risk.
https://www.thestreet.com/boardroomalpha/spac...cohen-spac
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