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GGPI shares are up 6% on an announced Polestar partnership with HTZ that includes purchasing up to 65,000 EVs over five years. We continue to view the shares as undervalued heading into the merger.
Ending the week with a bang: two SPAC IPOs, DA for VCXA, and merger approval for HLXA/ Immunotherapeutics AG.
Despite increased scrutiny and apparent investor fatigue, deals are getting done and SPACs remain an attractive path to the public markets.
Mass transit and shared mobility provider Swvl (SWVL) is the latest deSPAC. PPGH approved its merger with battery-swapping provider Gogoro. And extensions are a key theme as 3 SPACs buy themselves more time.
