IPOF - Bill Ackman and Chamath Palihapitiya's SPACs fall in premarket trading

March, 30 2021 09:00 AM Social Capital Hedosophia Holdings Corp. VI Class A

Hot special purpose acquisition companies from Bill Ackman and Chamath Palihapitiya are falling in premarket trading Tuesday despite little to no apparent news behind the moves.For instance, Palihapitiya’s Social Capital Hedosophia Holdings Corp. V (IPOE) was trading nearly 7% lower at $16.16 shortly before 9 a.m. ET.Its sister SPACs Social Capital Hedosophia Holdings Corp. IV (IPOD) and Social Capital Hedosophia Holdings Corp. VI (IPOF) were likewise down 5.5% and 4%, respectively.Similarly, hedge-fund manager Ackman’s popular Pershing Square Tontine Holdings (PSTH) was trading 5% lower at $23.55.PSTH is the only SPAC of the group above reporting any apparent significant news. Ackman disclosed Monday in an annual report from parent Pershing Square Holdings that PSTH wouldn’t announce a merger deal before the quarter ends on Wednesday, nor will it provide further updates on M&A talks.He also reiterated plans to create a popular Pershing Square Tontine Holdings II SPAC, but not until after PSTH has closed on a

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Bill Ackman and Chamath Palihapitiya’s SPACs fall in premarket trading

Company Name:	Social Capital Hedosophia Holdings Corp. VI Class A
Stock Symbol:	IPOF
Market:	NYSE

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