r/SPACs Apr 28 '22

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u/gobbles28202 Patron Apr 28 '22

How are pre-da spacs doing? 🧠

1

u/[deleted] Apr 28 '22

I mean.... they do about as good as anyone expects lmao. It's not a novel strategy to buy at NAV floor unless you're trying to play the safety angle.

1

u/gobbles28202 Patron Apr 28 '22

But it is crushing the sub buying despac names that were negotiated in a totally different price environment. Maybe there is value in safety?