Have you been considering investing in Arrival Electric and other EV SPAC stocks? Watch my video first.
Arrival Electric is in the process of merging with a SPAC (special purpose acquisition company) called CIIG Merger Corp (NASDAQ: CIIC). The stock is up 150% in one week and was up nearly 50% in one day. At the time I posted this video, it was sitting around $26.00 per share.
The EV SPAC craze has been going on all year, with companies like Nikola (NASDAQ: NKLA), Hyliion (NYSE: HYLN), and Lordstown Motors (NASDAQ: RIDE), just to name a few.
In this video, I cover:
- What Is Arrival Electric? Brief Overview of the Company
- 5 Reasons Why I’m Not Investing in Arrival Electric – Yet!
- A Review of My EV Pure Play Portfolio That I’m Building on M1 Finance
- 2 Things I’d Like to See Before Investing in Arrival Electric
DISCLAIMER: I'm not a financial advisor. These are my opinions and provided "as-is". It is not an offer to buy or sell securities. Read the Terms and Conditions.
So what do you think about Arrival Electric and other EV SPACs / stocks? Leave me a comment below. Thanks for watching.
I/we own shares in HYLN
Except for Wolves of Investing, I/we are not receiving any compensation from and do not have any business dealings with any companies whose stocks are discussed in this article/video.
Donnie Nguyen is the founder and CEO of Wolves of Investing. He started investing in the stock market in the early 2000s. He follows the teachings of Peter Lynch, Warren Buffett, and other investing legends. When he's not investing or blogging, he loves spending time with his family traveling and experiencing the world.
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