Iron Dome Acquisition sits at $10.10, faces bigger SPAC challenge
Iron Dome Acquisition I Corp. units traded at $10.10 on Nasdaq early Tuesday, edging up 0.6% from the last close on light volume. The SPAC, which started trading recently, hovered just above its IPO price. The main Nasdaq session wasn’t open yet; June 2 is a regular trading day, with pre-market hours from 4:00 a.m. to 9:30 a.m. Eastern. Juneteenth, June 19, is the next full-market holiday. Iron Dome doesn't have much news for traders to work with. The company is a special purpose acquisition company, or SPAC, meaning it's just a cash shell raising funds to buy a private firm. So its unit price is mostly about the cash in trust and how investors see the sponsor's chances of