""SPAC Stock"" – Google News
The best test for a SPAC is finding the right target company. If investors don’t like a deal their SPAC has made, they can withdraw their money and cause the blanket check company to collapse. Given that ACIC stock has surfaced on Archer’s merger news, it’s pretty clear that investors are happy with it, and more will be rushing to get a slice of it. At the time the transaction closes, ACIC stock could trade higher. Hence, for investors who are happy with the business, it may be better to get in now. ACIC stock is still cheap at just $ 3 above its IPO price.
Investors should also keep in mind how well Archer’s business aligns with global trends. Governments and companies around the world want to reduce CO2 emissions to protect the environment. In the US, for example, the Biden government plans to make all federal government vehicles electric.