Long
Graf Industrial Corp $GRAF 52WH on P&G Speculations
GRAF is on the move this week on speculations that this SPAC will be merging with P&G spinoff PureCycle, which is a Plastics Recycling startupThis is a higly interesting very high risk play as the merger may very well not come to fruition.
Also look into yesterdays development on the regulatory side:
"Plastics recycling bill introduced to Congress"
To provide for a coordinated Federal program to accelerate
plastics waste reduction and support recycling research
and development for the economic and national security
of the United States, and for other purposes.
Trade closed: target reached
The rumored merger with Purecycle did indeed turn not not to become a reality, as markets have now learned that GRAF will be merging with Lidar producer Velodyne instead!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.