I’m not a member of staff but I’m guessing you’re in a low liquidity stock, meaning you can’t buy and sell as quickly as you like as it is dependent on a buyer or seller being available depending on what you’re also trying to do.
By holding back trading for 30 minutes many customers will miss any run off the open, which is entirely likely in this kind of situation.
Will this be the same for other SPACs?
It would be wise to notify your client base if that is the case as I’m sure like me, many T212 customers are holding a variety of SPACs with the intention on capitalising on the impending merger.
Should’ve stayed in. Was always going to recover.
In my experience this is the first time I’ve seen a ticker change delay trading. Have only seen it once before where the ticker wasn’t changed at first but trading was still possible.