If you are looking for ‘momentum stocks’ then it might be a good idea to perhaps take a look at the AEA-Bridges Impact Corp (NYSE: IMPX) stock. The company has been incorporated recently for the purposes of mergers, asset acquisitions, and share purchases, or other ways in which a business combination can be formed.
It was further specified that although AEA-Bridges is free to pursue businesses in any sector, it is going to focus on businesses that are compliant with UN Sustainable Development Goals.
Back in November last year, the company made another key announcement that might have resulted in the stock gathering momentum. AEA-Bridges announced that those who participated in the company’s initial public offering on October 5 last year could choose to exchange those for Class A ordinary shares and warrants.
The Class A shares and the warrants had already been included in the units at the time of the IPO. In total, AEA-Bridges offered 40,000,000 units.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.