# $GIK 10$ redemption

**URL:** <https://community.trading212.com/t/gik-10-redemption/48161>\
**Category:** 🤝 Help\
**Created:** [April 16, 2021, 8:51pm UTC](https://community.trading212.com/t/gik-10-redemption/48161 "2021-04-16T20:51:23Z")\
**Posts on this page:** 7\
**Page:** 1

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**Author:** ![Ramy](https://avatars.discourse-cdn.com/v4/letter/r/8491ac/32.png) [@Ramy](https://community.trading212.com/u/Ramy)\
**Post date:** [April 16, 2021, 8:51pm UTC](https://community.trading212.com/t/gik-10-redemption/48161/1 "2021-04-16T20:51:23Z")

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Good afternoon,

Does anyone know if we are able to apply for SPAC $10 redemption on the ticker $GIK?

Thanks.

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**Author:** ![Lonelynx](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/lonelynx/32/1197_2.png) [@Lonelynx](https://community.trading212.com/u/Lonelynx)\
**Post date:** [April 17, 2021, 7:28pm UTC](https://community.trading212.com/t/gik-10-redemption/48161/2 "2021-04-17T19:28:32Z")

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No such option for spacs.

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**Author:** ![Lonelynx](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/lonelynx/32/1197_2.png) [@Lonelynx](https://community.trading212.com/u/Lonelynx)\
**Post date:** [April 17, 2021, 8:08pm UTC](https://community.trading212.com/t/gik-10-redemption/48161/3 "2021-04-17T20:08:11Z")

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> **[r/SPACs - r/SPACs gather for one final farewell to send off GIK](https://www.reddit.com/r/SPACs/comments/mstgbe/rspacs_gather_for_one_final_farewell_to_send_off/)**
>
> 63 votes and 17 comments so far on Reddit

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**Author:** ![RLX](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/rlx/32/7051_2.png) [@RLX](https://community.trading212.com/u/RLX)\
**Post date:** [April 17, 2021, 8:48pm UTC](https://community.trading212.com/t/gik-10-redemption/48161/4 "2021-04-17T20:48:20Z")

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The video is weird funny.

But I’m a little out of context what happen to GIK?

I know that YTD the SPACs are crashing to earth.

Is: Too much SPAC could kill you? 🙂

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**Author:** ![Lonelynx](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/lonelynx/32/1197_2.png) [@Lonelynx](https://community.trading212.com/u/Lonelynx)\
**Post date:** [April 18, 2021, 9:27am UTC](https://community.trading212.com/t/gik-10-redemption/48161/5 "2021-04-18T09:27:48Z")

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@RLX The 10$ floor was removed and $GIK started to go down.

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**Author:** ![EquityInvestor](https://avatars.discourse-cdn.com/v4/letter/e/8491ac/32.png) [@EquityInvestor](https://community.trading212.com/u/EquityInvestor)\
**Post date:** [April 18, 2021, 11:17am UTC](https://community.trading212.com/t/gik-10-redemption/48161/6 "2021-04-18T11:17:51Z")

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> [@Lonelynx](#):
>
> The 10$ floor was removed

What do you mean @Lonelynx?

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**Author:** ![Lonelynx](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/lonelynx/32/1197_2.png) [@Lonelynx](https://community.trading212.com/u/Lonelynx)\
**Post date:** [April 18, 2021, 11:36am UTC](https://community.trading212.com/t/gik-10-redemption/48161/7 "2021-04-18T11:36:37Z")

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Last day to redeem the shares at NAV 10$ was Friday, after that the floor is gone.