Graf Industrial Corp $GRAF 52WH on P&G Speculations
Updated
GRAF is on the move this week on speculations that this SPAC will be merging with P&G spinoff PureCycle, which is a Plastics Recycling startupThis is a higly interesting very high risk play as the merger may very well not come to fruition.
Also look into yesterdays development on the regulatory side:
"Plastics recycling bill introduced to Congress"
To provide for a coordinated Federal program to accelerate
plastics waste reduction and support recycling research
and development for the economic and national security
of the United States, and for other purposes.
Trade closed: target reached
The rumored merger with Purecycle did indeed turn not not to become a reality, as markets have now learned that GRAF will be merging with Lidar producer Velodyne instead!
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