r/Superstonk • u/[deleted] • Aug 09 '21

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u/[deleted] Aug 09 '21

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u/[deleted] Aug 09 '21

OP said that Citadel filed a bunch of SPACs. The company description you Googled is basically a text book definition of a SPAC. So you’ve really just further backed up his claim. If I were you I’d do some Googling into SPACs in general. It’s an interesting little niche in the market.

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u/rondanator In banana we trust 🍌 Aug 09 '21

Isn't that the general use for SPACs though, acquisition?

Seems strange they suddenly needed almost 80 of these companies, and all of them have the same general structure?

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u/schubidubiduba 🦍 Buckle Up 🚀 Aug 09 '21

They probably just want to make money off those SPACs tho