Stock Martin Viewer Choice Stock Pick Analysis of SPACs $GGPI and $SRNG Stocks | Part 1 of 2 Videos

Stock Martin Viewer Choice Stock Pick Analysis of SPACs $GGPI and $SRNG Stocks | Part 1 of 2 Videos

SPAC Gores Guggenheim (GGPI) could merge with premium EV manufacturer Polestar. Bloomberg published a report saying that Polestar is in talks to go public through a merger with GGPI. It also added that the deal could value the company at around $25 billion. GGPI stock could spike if merger goes through.

Ginkgo Bioworks Going Public Through Merger With SPAC, Soaring Eagle Acquisition, a special purpose acquisition company, SRNG, with the purpose of becoming a publicly traded company on the Nasdaq Global Market. Upon completion of the transaction, which is expected in the third quarter, Soaring Eagle will be renamed Ginkgo Bioworks Holdings, and its common stock will be listed on the Nasdaq under a new ticker symbol. The transaction implies a $15.0 billion pre-money equity valuation for Ginkgo and is expected to provide up to $2.5 billion of gross cash proceeds. This will include Soaring Eagle's $1.73 billion of cash in trust and $775 million in proceeds from a private investment in public equity, or PIPE, transaction priced at $10.00 per share of Class A common stock of Soaring Eagle, to be funded immediately prior to the closing of the transaction.

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Видео Stock Martin Viewer Choice Stock Pick Analysis of SPACs $GGPI and $SRNG Stocks | Part 1 of 2 Videos канала Stock Martin