SPAC - Speculative merger target BlockFi
Updated
This is a SPAC looking for a target in the fintech space. Price is relatively low right now with floor around $10.
If it lands a deal with the rumored target BlockFi this could be worth $18-$30 with the hype and growth that crypto currencies are experiencing. Should this be other fintech targets I think it can still be worth more than it's current price.
Likely time horizon: 0~3 months hold
If it lands a deal with the rumored target BlockFi this could be worth $18-$30 with the hype and growth that crypto currencies are experiencing. Should this be other fintech targets I think it can still be worth more than it's current price.
Likely time horizon: 0~3 months hold
Trade active
Note
Update with rumor on Bloomberg that the merger target would be MoneyLion. I still maintain the same price targets and would be a good time to hold warrants
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