Since the beginning of the year, many special purposes acquisition companies (SPACs), including DraftKings (DKNG), Nikola (NKLA), and Virgin Galactic (SPCE), has delivered excellent returns for shareholders. Recently, another blank-check company, Forum Merger II Corporation (FMCI), has announced the business combination agreement with Ittella International, a plant-based food company with the "Tattooed Chef" brand. As Ittella has been a fast-growing business, we expect Forum Merger's share price will keep marching higher when the business consummation is successful.
SPACs have been beating the market
SPACs have becoming more