AGC - SPAC Altimeter Growth jumps amid social media promotion

Altimeter Growth (NASDAQ:AGC), which is a SPAC in a deal to take Southeast Asia ride-hailing giant Grab (GRAB), public jumped 20% amid social media promotion. Posters on StockTwits highlighted Altimeter's high short interest. Altimeter Growth traded 34.8m, shares, well above its avg. volume of about 2m. Grab is scheduled to report Q3 results on Thursday and investors have been waiting to find out when Altimeter Growth (AGC) holders will vote on the deal with Grab. An earlier blog post, which gave AGC a price target of $55, suggested that holders may publicly announce the merger on Thursday with Grab's results.  Grab filed an amended S-4 filing in October, though it didn't list any dates for a shareholder vote. Representatives for Grab and Altimeter Growth (AGC) didn't immediately respond to Seeking Alpha request for comment. See late last month, SPAC Altimeter Growth gains amid social media mentions. Recall April, Ride-app Grab to go public in

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SPAC Altimeter Growth jumps amid social media promotion