2 SPACs That Could Still Skyrocket
So far in 2021, 222 special purpose acquisition companies (SPACs) have combined with their merger targets -- the highest annual figure for such deals ever. However, because of the lack of regulation around these mergers (among other reasons), many of those companies have gotten the cold shoulder from investors, and their stocks haven't fared well. The average SPAC stock has fallen by nearly 10% since the date its merger closed.
Many SPACs have acquired low-quality companies, but there were a few diamonds among them. In particular, I think that Latch (NASDAQ: LTCH) and Matterport (NASDAQ: MTTR) could soar in value over the next decade.
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Source Fool.com
