Im hoping some of you with more knowledge on the subject could explain this, as this is the first time I've ever invested in SPACs.
"Yahoo Finance Editor-in-Chief Andy Serwer recently explored the SPAC frenzy and cited Stanford Law Professor Michael Klausner's study “A Sober Look at SPACs,” which found, "SPAC investors that hold shares at the time of a SPAC’s merger see post-merger share prices drop on average by a third or more."
https://finance.yahoo.com/news/why-s...192802863.html
If this is true, wouldn't we be better off getting out of CCIV and FRX before the mergers?