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Robinson Alternative Yield Pre-Merger Fund (SPAX)

Market Closed
11 Aug, 19:59
ARCA ARCA
$
8. 38
-0.72
-7.9583%
$
15.5M Market Cap
1.08% Div Yield
3.36M Volume
$ 9.11
Previous Close
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Day Range
8.02 9.24
Year Range
5.36 28.05
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Summary

SPAX closed today lower at $8.38, a decrease of -7.9583% from yesterday's close, completing a monthly increase of 47.1053% or $2.68. Over the past 12 months, SPAX stock lost -52.358%.
SPAX pays dividends to its shareholders, with the most recent payment made on Dec 31, 2024. The next estimated payment will be in 31 Mar 2025 on Mar 31, 2025 for a total of $0.3045.
The stock of the company had never split.
The company's stock is traded on one exchange.

SPAX Chart

Robinson Alternative Yield Pre-Merger Fund (SPAX) FAQ

What is the stock price today?

The current price is $8.38.

On which exchange is it traded?

Robinson Alternative Yield Pre-Merger Fund is listed on ARCA.

What is its stock symbol?

The ticker symbol is SPAX.

Does it pay dividends? What is the current yield?

Yes, It pays dividends and the current yield is 1.08%.

What is its market cap?

As of today, the market cap is 15.5M.

Has Robinson Alternative Yield Pre-Merger Fund ever had a stock split?

No, there has never been a stock split.

Robinson Alternative Yield Pre-Merger Fund Profile

ARCA Exchange
US Country

Overview

The fund is an investment vehicle focused on capitalizing on opportunities presented by Special Purpose Acquisition Companies (SPACs). Specializing in the U.S. market, it aims to allocate at least 80% of its net assets, in addition to any borrowed funds for investment purposes, towards equity securities. These securities include units, shares of common stock, and warrants associated with U.S.-listed SPACs. SPACs are entities formed to undertake mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more operating businesses. This fund takes a non-diversified approach towards its investment strategy, concentrating its efforts and resources on the distinctive potential offered by SPACs.

Products and Services

  • Equity Securities Investment

    Investment in equity securities forms the core offering of the fund. This includes purchasing units, shares of common stock, and warrants of SPACs that are publicly traded in the U.S. The aim is to leverage these securities to gain from the business combinations and ventures SPACs undertake, providing a unique investment avenue distinct from traditional equity investments.

  • SPAC-focused Investment Strategy

    Centered around Special Purpose Acquisition Companies, the fund’s strategy leverages the distinctive structure of SPACs. With a focus on SPACs that are set to engage in mergers, acquisitions, or similar business combinations, this strategy seeks to benefit from the growth and development potential these entities offer post-transaction. This specialized approach is designed for investors looking to diversify into emerging growth opportunities through a structure known for its flexibility and potential for high returns.

Contact Information

Address: 1241 Post Road
Phone: NA