Paloma Acquisition Shares Stay Under $10 With Metals SPAC Yet to Announce Deal
Paloma Acquisition Corp I’s Class A shares held under the typical $10 SPAC mark before Thursday’s regular Nasdaq open, as the new metals-focused shell stuck close to its trust value and stayed far from a pure mining play. PALO last changed hands at $9.86. The company’s units, PALOU, were at $10.03, with warrants, PALOW, quoted at $0.42. Paloma is out in the market now, seeking a deal as metals listings grab fresh headlines in New York. U.S. stock-index futures slipped early Thursday, with traders eyeing Middle East worries and new inflation numbers. That’s not the easiest setup for smaller, recently listed stocks.