Request for new SPAC

[santy]

Hi,

Could you please add this SPAC to the platform

Aurora Acquisition corp - $AURCU

Thanks
Santy

[Lonelynx]

Post-IPO and pre-LOI/business combination SPACs

After a SPAC IPOs the common stocks become typically available 52 days after the IPO. Usually they would release an 8-K containing an audited balance sheet reflecting the receipt of the gross proceeds from the IPO. After the 8-K is released the common stock becomes available. You can read up more on the following site: https://www.spacresearch.com/faq#spac-trading-units So for PSTH this will be around mid september. Hope this helps!

[santy]

This is a old post.

If you have to wait for 52 days for a share/IPO, what’s the point of buying? It defeats the whole purpose.

Also, there have been other SPACs which have been added immediately or sooner.

[Dao]

spacs don’t get added sooner than the units are split from the common stock, because T212 deals only with the stock and nothing more. 52days is how long that takes unless its otherwise announced to be sooner which some may have been.

[Joey_Fantana]

@santy

Also, there have been other SPACs which have been added immediately or sooner.

Firstly, those SPACs have gone the extra mile to ensure that commons are available from the date of IPO. The vast majority of SPACs do not do this at it is extra hassle for them to do.

Secondly… what’s sooner than immediately ??