Roberts: Retail Investors Stung by SPAC Bets

Paul Greaney
By Paul Greaney
August 21, 2021NTD Business
share

Lance Roberts, chief strategist at RIA advisors tweeted on Friday that insiders are cashing out their special purpose acquisition company (SPAC) investments, leaving retail investors holding the bag. Early investors can sell their shares back to the SPAC or redeem them for a set price. The number of those redemptions has sky-rocketed over the past two months.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.
Comments