SPACs or special purpose acquisition companies have been the subject of significant attention from investors in recent times and for good reason too. One of the SPAC stocks that could be tracked by investors this week is that of Mudrick Capital Acquisition Corp II (NASDAQ: MUDS).
Last week, the Mudrick stock surged after it emerged that the company is going to bring Topps Company public by way of a SPAC merger. The merged entity is valued at $1.3 billion and that works out to a multiple of 12.5 times of its EBITDA earnings in 2021.
At this point, Topps is engaged in trying to further expand its e-commerce footprint and is also working on the development of mobile applications. Last but not the least; the company is looking to get into the fast-growing non-fungible token (NFT) space. All this is part of the company’s larger strategy and it could now be a good move for investors to continue to keep an eye on the Mudrick stock.
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.