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Horizon Kinetics SPAC Active is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective primarily by investing, under normal circumstances, in special purpose acquisition companies ("SPACs"). A SPAC (also known as a "blank check" company) is an investment vehicle with no commercial operations that is designed to raise capital via an initial public offering ("IPO") for the purpose of engaging in a merger, acquisition, reorganization, or similar business combination (a "Combination") with one or more operating companies to be identified subsequent to the SPAC's IPO. SPACs are often used as a vehicle to transition a company from private to publicly traded as an alternative to a more traditional direct IPO by a private company.
Horizon Kinetics Spac Active ETF trades on the NASDAQ stock market under the symbol SPAQ.
As of February 27, 2026, SPAQ stock price was flat at $91.53 with 3 million shares trading.
SPAQ has a market cap of $9.84 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, SPAQ traded as high as $108.25 and as low as $89.43.
SPAQ has underperformed the market in the last year with a price return of +7.0% while the SPY ETF gained +16.6%. SPAQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.2% and +0.6%, respectively, while the SPY returned +1.2% and +0.7%, respectively.
SPAQ support price is $90.63 and resistance is $92.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPAQ shares will trade within this expected range on the day.
