Will the Short Squeeze in SOAC Play Out in Other SPACs?
Posted on Thursday, September 9, 2021 at 11:50 AM
Dan Passarelli, CEO - Market Taker Mentoring
When the deal between Sustainable Opportunities Acquisition Corp (SOAC) and Deep Green Metals went through and people started redeeming their SOAC shares for the new company, The Metals Company (TMC) SOAC had a short squeeze. But will the short squeeze in SOAC play out in other SPACs?
Dan Passarelli talks about how short interest in SOAC led to a temporary short squeeze because of the short interest and how that may play out in other SPACs like QELL and others.
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