Lordstown Is Flailing; Opportunities In The SPAC Sector
Whitney Tilson’s email to investors discussing the Lordstown Motors Corp (NASDAQ:RIDE) debacle; Enrique Abeyta on opportunities in the SPAC sector; Virgin Galactic cratering this week. Q2 2021 hedge fund letters, conferences and more Behind The Lordstown Debacle1) This story in yesterday's New York Times underscores the perils of investing in the special purpose acquisition company ("SPAC") sector: Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker. Excerpt: Lordstown went public in October via a merger with Mr. Hamamoto's special purpose acquisition company, DiamondPeak Holding...