RTACU
Renatus Tactical Acquisition Corp I Unit
stockNASDAQUnit

RTACU is a unit, while RTAC is a "real share". There is also RTACW, which is a warrant. At IPO, SPACs often sell "units" to investors to reward them for providing the initial funds. So for the first few weeks after IPO, only RTACU existed. Now, any holder of RTACU can "split" 1 share of RTACU into 1 share of RTAC PLUS 0.5 share of RTACW. RTACW is capped at 18 (but offers a leveraged bet if that's your thing). So with that context, the answer to your question is: in a no-arbitrage mkt, RTACU value =RTAC value + 0.5 RTACW value. As of Friday, RTACW was 1.19, RTAC was 10.84 , so 0.595+10.84 = 11.43 sum-of-the-parts, while RTACU actually was trading at 11.41. In practice, since this play is pretty much "back to $10 or up to $120", both RTAC and RTACU are very very similar

RTACU is 1 share + 1 warrant, so it carries the added cost of a warrant.

I like it.. why does RTAC trade 0,50$ lower than RTACU, what is the difference?