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How To Buy Spac Stock. Spacs can be used as a tool by public and private companies to raise funds for. You can’t buy options for spacs on robinhood, but you can still purchase the stock as a limit or market buy order.
EV startup Lucid Motors risks SPAC deal collapse from www.autonews.com
Spacs can be used as a tool by public and private companies to raise funds for. This is where it gets tricky. A spac warrant gives you the right to purchase a company’s stock at a specific price at a specific date in the future.
EV startup Lucid Motors risks SPAC deal collapse
Spacs are also known as blank check companies. You can’t buy options for spacs on robinhood, but you can still purchase the stock as a limit or market buy order. Spac stocks are typically priced at $10 per share. If the spac is listed on the otc markets then you’ll need a full service broker like fidelity or etrade to purchase the shares.