Speculators Drive 700% Swings in Former SPACs With Low Floats.

Roughly 98.5% of public shares in Thayer Ventures Acquisition Corp., the SPAC that brought Inspirato public, were redeemed for cash by investors ahead of the deal close, according to a filing on Feb. 14. Keywords: ANGH; CPTN; SPOT; ALLTOP; AUTOMOTIVE; BUSINESS; CONS; CONSD; COS; FIN; INDUSTRIES; LIFESTYLE; MARKETS; MED; STK; TMT; TOP; TRAVEL; WWTOP; WWTOPAM EN ANGH CPTN SPOT ALLTOP AUTOMOTIVE BUSINESS CONS CONSD COS FIN INDUSTRIES LIFESTYLE MARKETS MED STK TMT TOP TRAVEL WWTOP WWTOPAM (Bloomberg) -- Speculative investors are piling into shares of companies that went public by merging with blank-check firms with low floats. The three recently combined with SPACs, or special-purpose acquisition companies, that saw the majority of investors opt to return their shares in the shell company for cash. [Extracted from the article]