Jam City: Cheap, Ignored, Yet Unproven
After a period of SPAC stocks overheating, the sector is now ripe with cheap deals in the works. One such deal is the business combination of (XPOA) and Jam City announced back on May 20. The mobile game developer is in ultimate growth mode, yet the market has mostly ignored the deal with the SPAC now trading below $10 providing a cheap entry point for new investors.
Update - July 23
-DPCM Capital (NYSE:XPOA) and mobile entertainment company, Jam City announced that both companies have mutually agreed to terminate the earlier announced business combination agreement, effective immediately.
-DPCM Capital plans to continue to pursue a business combination and is proceeding to evaluate alternative business combinations.