USARE SPAC to Begin Trading Soon |
We have heard unofficially that the IPXX-USARE SPAC Merger has been approved by the SEC and that the stock is expected to being trading this week. This means that the merger between the two companies, by which IPXX is buying USARE, will be closing and the companies shares will begin trading. We will not be able to sell our shares until the company decides to release restrictions on early investors, which could take up to 6 months. In recent years, companies have released the restrictions earlier than that, but there is no guarantee that USARE will do so. If you want more info about how SPAC’s work, we posted this article on the TTI website: https://www.tickertapeinvestments.com/usa-rare-earth-is-going-public-liquidity-event-for-ticker-tape/ It gives some info on how SPACs work, specifically applied to this deal. At this time, we do not yet know how many shares of IPXX we will be issued, because the formula for calculating that is extremely complex. We expect to receive a notification soon on that topic. At this point, we are cautiously optimistic that the issuance of shares to us will be approximately double our investment, and then we would derive additional profit if the stock price increases after the merger is completed. |
USA Rare Earth Update
