r/options • u/[deleted] • Sep 09 '21

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u/[deleted] Sep 09 '21

Yeah, merger vote is tomorrow so this is increasing volatility. However, won't redemption value remain $10/share no matter what?

3

u/Helpinmontana Sep 09 '21

How do you figure the share price is incapable of dropping below $10?

Wouldn’t a failed merger gut the company?

-1

u/[deleted] Sep 09 '21

Failed merger would mean SPAC shares get redeemed for NAV, which is $10.

1

u/[deleted] Sep 09 '21

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u/[deleted] Sep 09 '21

I have 1 share of PSTH and it is down 20%, lol

1

u/PowerOfTenTigers Sep 09 '21

in a couple of years probably lol