# Redemption of SPAC stocks

**URL:** <https://community.trading212.com/t/redemption-of-spac-stocks/44802>\
**Category:** 🤝 Help\
**Created:** [February 3, 2021, 10:59am UTC](https://community.trading212.com/t/redemption-of-spac-stocks/44802 "2021-02-03T10:59:23Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![Kasper](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/kasper/32/16963_2.png) [@Kasper](https://community.trading212.com/u/Kasper)\
**Post date:** [February 3, 2021, 10:59am UTC](https://community.trading212.com/t/redemption-of-spac-stocks/44802/1 "2021-02-03T10:59:23Z")

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Hi,

I have a question regarding SPAC stocks. Let’s say a SPAC you own (with like 100 shares) finds a target company and decides to followthrough with said company. You find out about this and don’t like the company that the SPAC has found and gone forward with.

Is it then possible to turn down the transaction/company and have your stock redeemed?

Is this even a thing on Trading 212?

Cheers,

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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:** [February 3, 2021, 11:16am UTC](https://community.trading212.com/t/redemption-of-spac-stocks/44802/2 "2021-02-03T11:16:05Z")

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@Kasper It’s not a thing here yet.

Hopefully in the future.

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**Author:** ![Kasper](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/kasper/32/16963_2.png) [@Kasper](https://community.trading212.com/u/Kasper)\
**Post date:** [February 3, 2021, 11:17am UTC](https://community.trading212.com/t/redemption-of-spac-stocks/44802/3 "2021-02-03T11:17:06Z")

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@David can you and your team have a look at this? Thank you!!

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**Author:** ![mcwilliams91](https://dub1.discourse-cdn.com/flex013/user_avatar/community.trading212.com/mcwilliams91/32/68_2.png) [@mcwilliams91](https://community.trading212.com/u/mcwilliams91)\
**Post date:** [February 3, 2021, 12:18pm UTC](https://community.trading212.com/t/redemption-of-spac-stocks/44802/4 "2021-02-03T12:18:33Z")

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You can sell your shares though? 🤔

Once you’ve bought into the SPAC, I don’t think there’s a get-out clause to allow you to have your capital returned, would seem strange if so. That would be like owning a share in Tesla, not liking a new car they design, and asking to get out. It just doesn’t happen.

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**Author:** ![ABtrade](https://avatars.discourse-cdn.com/v4/letter/a/c57346/32.png) [@ABtrade](https://community.trading212.com/u/ABtrade)\
**Post date:** [February 3, 2021, 12:23pm UTC](https://community.trading212.com/t/redemption-of-spac-stocks/44802/5 "2021-02-03T12:23:25Z")

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If you were an initial investor then yes, you get it back with interest and bank the warranty, with the ability to sell the warrant separately.

But unfortunately you most likely are not so no you don’t have that option. You brought shares in a legal entity and therefore you buy and sell based on market price and live and die by the companies decisions.