CIIC - Why These 3 SPACs Continue to Move Higher Today
Shares of Hennessy Capital Acquisition (NASDAQ: HCAC) , Trine Acquisition (NYSE: TRNE) , and CIIG Merger (NASDAQ: CIIC) are all surging higher today. The special purpose acquisition companies (SPACs) are getting closer to bringing their acquisition targets public. As of 11:30 a.m. EST, shares are moving as follows:
Hennessy is combining with specialty electric-vehicle (EV) maker Canoo, and Trine is merging with 3D printing technology company Desktop Metal. Both expect their mergers to be completed this month. CIIG plans its transaction for electric bus and van maker Arrival to close in the first quarter of 2021.
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Why These 3 SPACs Continue to Move Higher Today