Mudrick Capital’s SPAC Is Bucking the Trend

The distressed specialist’s blank-check company is surging while other SPACs are stagnating.

Jason Mudrick (Michael Nagle/Bloomberg)

Jason Mudrick

(Michael Nagle/Bloomberg)

Jason Mudrick looks like the King of the SPAC universe. At least for now.

Since Mudrick Capital Acquisition Corporation II announced its merger with the iconic trading cards company Topps on April 6, the stock has surged to above $20 per share.

The stocks of most other blank-check companies that have announced — but not yet completed — deals are currently straddling their IPO price of $10, however.

“Once

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