DWAC Drops 12.4% and Patrick Orlandos ZGYH Leaves Warrant Holders Holding the Bag
Summary
On a related note, both to the risk and the DWAC SPAC, Patrick Orlandos Yunhong International Co. (ZGYH) Friday announced its dissolution and liquidation, redeeming public shares at $10.31. Also today CHP Merger Corp (CHPM) announced that it adjourned its meeting and will hold a new vote on November 24th to extend their business combination deadline. For example, GGPI at $13.94 is being pulled up by the EV craze (though most got hit today) as is DCRC which is taking Solid Power public, DMYQ is benefitting from IONQs performance and sponsor Niccolo de Massis full court press. • Trump SPAC DWAC Rises over 100% Again to Cap Wild Week • Is IONQ Changing the DeSPAC Narrative? WeWork is Officially Public (almost) • SPAC Market Remains Saturated, Deal Pace Needs to Pick Up to Clear