4-Sep-2026
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The Fund is an actively managed ETF & will at least 80% of its net assets (plus any borrowings for investment purposes) in units and shares of Special Purpose Acquisitions Corporations (SPACs) that have a minimum capitalization of 100 million and companies that completed an IPO within the last two years. A SPAC is blank check company that has not yet merged with an operating company or even chosen a merger target. SPACs are formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. SPACs often have pre-determined time frames to merge (typically two years) or the SPAC will liquidate. A SPAC generally offers units, each comprised of one share of common stock and a warrant (or portion of a warrant) to purchase common stock. A warrant is a security that allows its holder to purchase a specified amount of common stock at a specified price for a specified time. The Fund may seek to sell warrants that it receives in connection with the purchase of a SPAC s units in order to generate additional returns for shareholders. The Fund may purchase units or shares of SPACs that completed an IPO within the last two years on a secondary market or during a SPACs IPO.
Spac And New Issue ETF trades on the NASDAQ stock market under the symbol SPCK.
As of September 4, 2026, SPCK stock price declined to $21.85 with 7,017 million shares trading.
SPCK has a market cap of $8.20 million. This is considered a Sub-Micro Cap stock.
SPCK support price is $21.88 and resistance is $22.99 (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 SPCK shares will trade within this expected range on the day.
