SPACs are Great Alternative for Tech: Vinod Khosla

By creating more flexibility around the issuer’s stock price at the time of listing, the rule changes by each exchange appear to be geared toward enhancing the prospects for primary direct listings.

DWAC shares are trading as a meme stock with their own Reddit forum, r/DWAC., Forbes notes.

In just the first three months of 2021, more than 40 suits targeting SPACs have been filed.

The recommended reference price of shares came in at $18, for the online jobs marketplace. ZIP stock popped 17.2 percent, closing at 21.10. Previously, the fair value per share was recommended at $25, as of April 19. Existing shareholders were offering about 86.6 million shares.