Graf Industrial Corp $GRAF 52WH on P&G Speculations
$GRAF is on the move this week on speculations that this SPAC will be merging with P&G spinoff PureCycle, which is a Plastics Recycling startup
This is a higly interesting very high risk play as the merger may very well not come to fruition.
Also look into yesterdays development on the regulatory side:
"Plastics recycling bill introduced to Congress"
To provide for a coordinated Federal program to accelerate
plastics waste reduction and support recycling research
and development for the economic and national security
of the United States, and for other purposes.
This is a higly interesting very high risk play as the merger may very well not come to fruition.
Also look into yesterdays development on the regulatory side:
"Plastics recycling bill introduced to Congress"
To provide for a coordinated Federal program to accelerate
plastics waste reduction and support recycling research
and development for the economic and national security
of the United States, and for other purposes.
Trade geschlossen: Ziel wurde erreicht:
The rumored merger with Purecycle did indeed turn not not to become a reality, as markets have now learned that $GRAF will be merging with Lidar producer Velodyne instead!
