Ann: Critical Metals Corp. Completes Business Combination, page-83

I think this type of SPAC merger deal and apparent arbitrage play, whilst clearly new on the ASX as far as I’m aware, will come to be known as a “garbitrage” play.

Taking and combining two tiny cap stocks like SZZL and EUR, merging them into a brand new entity and issuing the target company with millions of shares at lofty prices, saying those shares are worth many multiples of the combined entities values and then having the CEO pumping it as an arbitrage play on socials and in articles issued by major media outlets.

I’ve mentioned before, you have to admire the craftiness of it, but at least for today, the market called it garbage.