If you are on the hunt for stocks that have been gaining momentum in recent times then you could consider having a look at the Spartan Acquisition Corp II (NYSE: SPQR) stock.
The stock has shown considerable momentum ever since it closed its initial public offering back on February 11. The company closed its IPO after having offered as many as 55,200,000 units at the price of $10 each. In this regard, it is also necessary to note that the underwriters also have the option of acquiring 7,200,000 units.
The above-mentioned units are listed on the New York Stock Exchange. The units are made up of one share of the common Class A stock in Spartan Acquisition and a quarter of a redeemable warrant. Those who hold warrants will have the option of exchanging one whole warrant for one common Class A share in the company at a price of $11.50.