IPOD Stock Is Flat—Why Collective Acquisition’s New CCAQ Tape Still Matters
Collective Acquisition Corp traded flat at $10.40 in thin Nasdaq action Thursday, with just 27 shares changing hands by 10:04 a.m. EDT. The SPAC held $149.2 million in trust at March 31 and reported no operating revenue. Shares hovered just above the $10.38 redemption value as investors awaited news on a potential deal.