This is a good time for investors to look into SPACs or special purpose acquisition companies. In recent times, many of these companies have seen their stocks soar owing to business combinations that they have formed and on Wednesday it was the One (NYSE: AONE) stock that emerged as the latest gainer.
The One stock gained by as much as 21% after it was announced that Markforged Inc is also set to merge with it. Markforged is an artificial intelligence-powered 3D printing company and after its merger with the SPAC One, the new entity is valued at as much as $2.1 billion.
In recent days, many such deals have been completed and most of the SPAC stocks have surged due to considerable investor interest. Hence, the latest rally in the One stock does not come as a complete surprise. It remains to be seen if the stock can continue to add to its gains over the course of the coming days or not.
Finance and Entertainment Reporter
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