Can I trade SPAC stocks with Totality?

At Totality, we facilitate trading in SPAC company common stock shares.

A SPAC (Special Purpose Acquisition Company), also known as a “blank cheque” company, is an investment corporation designed to function as a publicly traded buy-out entity. Investor funds are raised through an IPO, with the SPAC’s primary purpose being to acquire another company in the future.

Unlike a traditional IPO process, a SPAC raises funds by issuing Units, which consist of both common stock and warrants. The Unit listing appears on the exchange first, followed by the separate listings for common stock and warrants under distinct tickers.  Additionally, SPACs typically operate with a set deadline by which they must complete an acquisition.

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