$IPOE I reviewed the subscription agreement and there are no restrictions on PIPE investors shorting to "box" their position. This explains the high short interest and it'll be less likely you'll see downward pressure at close. @kingtutspacs @SpacPants #spacs #spacsquad

$IPOE this also means when the PIPE is registered via S-1 process and goes effective, there will be less fast money hedge selling as well since they are effectively flat. @kingtutspacs @SpacPants #spacs #spacsquad

$IPOE A similar example was $DMYD -> $GENI which allowed for PIPE hedging prior to merger close. An example where it wasn't allowed until after close is $ASTS - unfortunate dynamics in crummy tape. Here's a thread on that situation: https://twitter.com/spacanpanman/status/1380622211481018368?s=20