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RPAY - Vivint Smart Home: Another SPAC Warrant Arbitrage Play
Repay Holdings Corporation
Over the past year, I have written about several companies that came about listing through blank check companies known as special purpose acquisition corporations, or SPACs. Those include Repay Holdings Corporation (RPAY), Akerna Corp. (KERN) and The Peck Company Holdings, Inc. (PECK). KERN was the most famous of the three as I discussed how its rise to $70 led to an extremely high arbitrage scenario between the stock and its publicly-traded warrants (KERNW). It ended with the stock heading back down and the warrants moving up temporarily as the arbitrage gap closed once all