RE: GNLD - the journey begins to attract the USA masses25 Mar 2026 19:15
Many institutions have strict mandates preventing them from holding "pre-combination" SPACs. They are often restricted to buying the operating entity only once the merger closes, the ticker changes, and the company becomes a listed operator.
While speculative investors may trade during the "PELI" phase, institutions often require the legal completion of the merger and official ticker change to "GLND" to ensure compliance with their risk management guidelines.