Shit SPAC’s are hot!
Again, SPAC’s are super risky bets on the management team for a certain SPAC to be able to find and close a deal with another company to merge with and take public.
SPAC’s had a hot ass year in 2020, taking companies like DraftKings, QuantumScape, and even bad companies like Nikola Motors public through a reverse merger.
And EV SPAC’s are even bigger. At least thats what it seems like. It feels like EV SPAC mergers have been coming left and right! And we should be expecting a lot more with this new Biden administration pushing hard for green energy.
I mean you got the potential Lucid merger that I’m currently riding. Theres the potential for Faraday & Future merging. Not to mention Proterra, Lion Electric, Arrival, & ChargePoint.
Which brings me to today’s biggest SPAC news. The announcement of a merger between SPAC company Climate Change Crisis Real Impact (CLII), and charging station company EVgo.
About CLII
Currently the SPAC is trading under ticker symbol CLII, and closed at $22.40 today in the stock market. After the merger is complete the ticker symbol will switch from this, to EVGO.
The SPAC was started by climate investor David Crane, and went public in September of 2020.
