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DKNGZ - The Greatest SPAC Winners - From Nikola To DraftKings And Virgin Galactic
DraftKings Inc. Warrant
Headwinds
The odds of a SPAC ultimately succeeding aren't good. Newly de-SPACed companies, those that have gone public via a deal with a special purpose acquisition company/SPAC, face brutal headwinds. Sorting through the carnage in data compiled by SPAC Research, 73% of these stocks have fallen. The average one declined from $10 to $6.87 per share. This happens to be the chart for Hall of Fame Resort & Entertainment (HOFV), the latest SPAC deal to close when it was bought by Gordon Pointe Acquisition Corp. earlier this month, but it could be the chart