Why Silver Spike Acquisition Soared More Than 30% Today

Shares of special purpose acquisition company (SPAC) Silver Spike Acquisition (NASDAQ: SSPK) rocketed up almost 50% Thursday, remaining up 34% as of 1 p.m. EST. 

The SPAC announced it was going to bring cannabis technology platform company WM Holding Company (WMH) public through a merger that will allow it to trade on the Nasdaq stock exchange. WMH operates Weedmaps, an online listings marketplace for cannabis consumers.

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Source Fool.com