Paloma Acquisition Shares Stay Under $10 With Metals SPAC Yet to Announce Deal
Paloma Acquisition Corp I Class A shares traded at $9.86 before Thursday’s Nasdaq open, below the typical $10 SPAC mark. The company, a cash shell with $165.1 million in its trust as of March 31, has not reported operating revenue or named a merger target. Paloma raised $150 million in its February IPO and is seeking metals deals amid a surge in mining listings. Warrants last quoted at $0.42.