Playstudios: Beaten Down SPAC Deal
A whole list of companies completing SPAC deals are trading at prices below the $10 redemption price. (MYPS) is another prime example with the stock collapsing following the closing of the SPAC deal last month. My investment thesis is bullish on the stock after the market negatively reacted to a large amount of investors redeeming shares at $10 despite voting for the deal.
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Update - July 27
Playstudios hit a de-spac low below $6. The stock is still searching for the lows.