CrossingBridge Pre-Merger SPAC ETF (SPC)
CrossingBridge Pre-Merger SPAC ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wilmington, DE, US. The stock last traded at $19.27, up 0.00% on the session, giving a market capitalisation of $18.4M. Its beta of 0.01 implies it has historically moved less than the broad market.
The CrossingBridge Pre-Merger SPAC ETF operates as an actively managed exchange-traded fund. Typically, it dedicates a minimum of 80% of its investable capital, including any funds acquired through borrowing, to equity and unit interests of Special Purpose Acquisition Companies (SPACs). The fund specifically targets SPACs that have not yet completed a shareholder-approved merger or business combination. Its strategy focuses on acquiring shares of publicly listed SPACs that, at the point of purchase, are trading at a price equal to or less than the pro-rata cash held within the SPAC's trust account. This fund is structured as a non-diversified investment vehicle.
CrossingBridge Pre-Merger SPAC ETF is most often compared with the following Financial Services names: