Over the course of the past few months, SPACs or special purpose acquisition companies have been in considerable focus among investors and many of the SPAC stocks have also recorded impressive gains.
On Thursday, it was the Star Peak Energy Transition Corp (NYSE: STPK) stock that emerged as a SPAC gainer and managed to end the day with gains of as big as 14%. That being said, investors also need to remember that there has been no news about the company in recent times.
On top of that, there has not been any news about Stem either, the company with which it is going to merge. However, at the same time, it is important to note that the prospective merger is going to be voted on later this month on April 27. Although a lot can happen between now and the date of the vote, it is an event that is almost certainly going to be watched closely by investors.
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.