In Monday’s Blitz Daily with Lance Ippolito, we take a look at East Stone Acquisition Corp, a publicly traded special purpose acquisition company, or SPAC.
SPACs are used to acquire or merge with an existing company in order to bring that company public.
And East Stone appears to have found its target…
News just hit that it’s partnering with ICONIQ Holding Limited, which bills itself as a “green mobility technology company.” ICONIQ is working on combining AI and autonomous driving with electric vehicle technologies.
This news has certainly grabbed the attention of big-money traders…
And that’s not the only flow we saw following the long holiday weekend…
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