Shell company, the issue price is generally $10. ALCC reached a high of over $17 yesterday and is now around $14 today, which is considered overvalued. It all depends on the hype around Open AI's Sam Altman and nuclear power. The good news is that it ranked first yesterday in the WallStreetBets channel on Reddit and is now sixth.$AltC Acquisition.US

According to incomplete statistics (July 2023), among the 369 post-merger companies still listed, 54 have stock prices below $1, meaning they are in the delisting range; 146 have prices below $2, accounting for over one-third of the total; only 60 have prices above $10, the most common SPAC issue price. In other words, if you can't obtain low-priced equity, the probability of not losing money by investing after the shell company goes public is less than 15%, and making a profit is even harder. Keep in mind, this is data from after the U.S. stock market experienced a strong rebound in 2023.