PHUN - Repay Holdings Corporation: Another SPAC Listing To Watch Closely For A Spike
Special purpose acquisition company, or SPAC, deals have been a day trader's dream lately. Due to their very minuscule floats, these listings have gone on roller coaster extremes immediately after the business combinations occur with spikes ranging from 200% to 5,000%. They tend to drop back down again a few days to a few weeks later once shares and warrants get registered and the float grows exponentially from sellers and warrant exercises. Three recent examples that I have followed closely have been Akerna Corp. (KERN), The Peck Company, Inc. (PECK), and Phunware, Inc.