⚾️Are "Distressed SPACs" Still a Thing?⚾️

Our coverage of Mudrick Capital LP’s second SPAC began with a detailed analysis of his first, Hycroft Mining ($HYMC).

TLDR: Mudrick’s first SPAC engineered a path forward for one of his long-held illiquid holdings in the 11th hour before the fund would have needed to return cash to investors. We tuned into a YouTube interview with Mudrick’s CIO, Jason Mu…