$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& #39;ll be less likely you& #39;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& #39;t allowed until after close is $ASTS - unfortunate dynamics in crummy tape. Here& #39;s a thread on that situation: https://twitter.com/spacanpanman/status/1380622211481018368?s=20">https://twitter.com/spacanpan...