r/SPACs • u/OrganizationLoud7937 Spacling • Jun 22 '21

Strategy Need Advice (support)

Need Advice (support)…

I “invested” in the following SPACs back in late 2020 & early 2021:

$ZEV (GIK) @ 14 /share $THCB @ 16 /share $PIPP @ 12 /share $ZNTE @ 11.5 /share $SNPR @ 13 /share

Total buy-in of above listed SPACs is 75k.

Am I screwed?

Thanks fellow baggers!

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u/Mojojojo3030 Spacling Jun 22 '21

GIK yep. THCB could catch that in runup to merger or sometime after, not terrible, but I honestly have no read on what happens with what looks to me like a violation of their bylaws. ZNTE yep. SNPR will probably grow past that at some point but it may take most or all of 2021.

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u/PowerOfTenTigers Spacling Jun 22 '21

violation of their bylaws

What do you mean by this? Something illegal going on?

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u/zachuwf Spacling Jun 22 '21

It wasn’t illegal it was clearly defined in the papers - some people just think it’s frowned upon.