bearish
The Penny Drop
SUMMARY
- The last week of SPACs was packed with market activity including deals, IPOs, and Lawsuits.
- The SPAC bubble burst has led to the market being flooded with penny stocks.
- Also, a serial sponsor upsizes its IPO for its next SPAC, a SPAC is taking a drug development firm public, and a medical testing firm comes under scrutiny due to mounting losses and lawsuits from customers.
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