Aurora Innovation: De-SPAC Pain Ahead
The self-driving technology sector is one of the hottest areas for investment, but the SPAC pathway to the public markets isn't rewarding shareholders in the short term. Market leader agreed to a business combination with (RTPY) back in July and the recent price isn't suggestive of a great outcome to the de-SPAC transaction. My investment thesis is Neutral on the stock until after the deal is done, especially at this valuation.
Read the full article on Seeking Alpha.
Disclosure: No position mentioned. Please review the disclaimer page for more details.