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Why This SPAC Jumped Another 15% Today

TheMotleyFool

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Shares of CIIG Merger (NASDAQ: CIIC) were up by 15% as of 12:30 p.m. EST Tuesday. But that's par for the course lately, as the stock has nearly tripled in the past week.

On Nov. 18, the company announced its plans to combine with U.K.-based electric-vehicle maker Arrival, and the stock hasn't looked back since.