The IPO Market is Showing Signs of Further Indigestion

Edoc Acquisition Corp. (ADOC), re-filed its S-1 this morning to re-up the value of its (already overfunded) trust. The move is the latest in the recent trend of SPACs overfunding their trust rather than expanding warrant coverage. In the case of ADOC, they are adding to their already overfunded trust, moving from $10.10 per unit
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