SPC
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Crossingbridge Pre-merger Spac Etf
21.38
-0.05 (-0.23%)
Last Update: 01 Jul 2025 23:00:00
Yesterday: 21.43
Day's Range: 21.37 - 21.4712
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When Written:
21.0499
The CrossingBridge Pre-Merger SPAC ETF (ticker: SPXZ) is an exchange-traded fund that invests in Special Purpose Acquisition Companies (SPACs) that have not yet completed a merger or acquisition. SPACs are shell companies that raise money through an initial public offering (IPO) with the intention of using the funds raised to acquire an existing company.
The ETF is managed by CrossingBridge Advisors and was launched in October 2020. It seeks to provide investors with exposure to a diversified portfolio of pre-merger SPACs across various sectors and industries. The ETF invests in SPACs with a minimum market capitalization of $250 million and a maximum of $10 billion.
The ETF has an expense ratio of 0.95% and is rebalanced quarterly. As of August 2021, the ETF had 69 holdings, with the top three holdings being Churchill Capital Corp IV, Pershing Square Tontine Holdings, and Social Capital Hedosophia Holdings Corp V.
Investing in SPACs can be risky as there is no guarantee that the SPAC will successfully merge with a target company or that the target company will perform well after the merger. Additionally, SPACs may have a limited track record, which can make it difficult to assess their potential for success. As with any investment, investors should carefully consider their investment objectives and risk tolerance before investing in the CrossingBridge Pre-Merger SPAC ETF.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
The ETF is managed by CrossingBridge Advisors and was launched in October 2020. It seeks to provide investors with exposure to a diversified portfolio of pre-merger SPACs across various sectors and industries. The ETF invests in SPACs with a minimum market capitalization of $250 million and a maximum of $10 billion.
The ETF has an expense ratio of 0.95% and is rebalanced quarterly. As of August 2021, the ETF had 69 holdings, with the top three holdings being Churchill Capital Corp IV, Pershing Square Tontine Holdings, and Social Capital Hedosophia Holdings Corp V.
Investing in SPACs can be risky as there is no guarantee that the SPAC will successfully merge with a target company or that the target company will perform well after the merger. Additionally, SPACs may have a limited track record, which can make it difficult to assess their potential for success. As with any investment, investors should carefully consider their investment objectives and risk tolerance before investing in the CrossingBridge Pre-Merger SPAC ETF.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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