Why SPAC Trine Acquisition Stock Popped 13%
Shares of Trine Acquisition Corp (NYSE: TRNE), a special purpose acquisition company, or SPAC, surged in early trading Wednesday and are now up 13.2% at 1 p.m. EDT after the company announced that it will purchase and take public additive manufacturer Desktop Metal in a reverse merger IPO.
Trine explained that Desktop Metal "is a leader in mass production and turnkey additive manufacturing solutions, offering the fastest metal 3D printing technology in the market, up to 100x the speed of legacy technologies."
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Source Fool.com
