PIC Stock – Definition, Advantages, Disadvantages, and More
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PIC Stock Definition
PIC Stock, Perpetual Equity Investment Co. Ltd. provides investors access to a predominantly Australian and global listed securities portfolio. Besides, Its objective is to provide investors with a growing income stream and long-term capital growth over its benchmark over its investment periods—the company formed on August 25, 2014, in Sydney, Australia.
PIC Stock Description
Pivotal Investment Corporation II will be a profitable investment option for good returns.
Further, with the emergence of commission-free stock trading, it’s pretty feasible to buy a single share when a small amount of cash is available in a brokerage account.
And also, Shares of Pivotal Investment Corporation II (NYSE: PIC) surged in early trading Wednesday after the particular purpose acquisition company set December 21 for a stockholder vote on its merger with XL Fleet. This jumped as much as 13% following the market open.
PIC Stock Advantages
- PIC Stock is just the latest of Wall Street’s hot SPACs, public companies created for the sole purpose of taking another business public, the merged company adopting the previously private company’s name and changing its stock ticker. It is XL Fleet, a billion-dollar startup specializing in commercial truck electrification.
- In addition, Respective directors and executive officers may deem participants in the solicitation of proxies from the stockholders of Pivotal in favor of the approval of the business combination and related matters. Stockholders obtain more detailed information regarding the names, affiliations, and interests of certain of Pivotal’s executive officers and directors in the solicitation by reading Pivotal’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019.
- The proxy statement and other relevant materials are filed with the SEC in connection with the business combination when they exist. Information is outlined in the proxy statement relating to the business combination when it becomes available.
PIC Stock Disadvantages
Forward-looking statements involve risks and uncertainties causing actual events, results, or performance to differ materially from those indicated by such statements.
Besides, this communication does not recommend selling or the solicitation of an offer to buy securities. There shall not be any sale of some securities in any state or jurisdiction. Such proposal, solicitation, or sale would be unlawful before registration or qualification under the securities laws of such other jurisdiction.
So, there can be no assurance with the intention of the events, results, or trends are in these forward-looking statements. Further, these risk factors will be essential to consider in determining future results and be reviewed.
Financial projections in this communication are on assumptions that are inherently subject to significant uncertainties and contingencies. Besides, while all predictions are necessarily speculative, the preparation of prospective financial information involves increasingly higher levels of uncertainty. And also, the assumptions and estimates underlying the results are inherently uncertain.
So, they are subject to a wide variety of significant business, economic and competitive risks, and uncertainties. These could cause actual results to differ materially from those contained in the projections. The inclusion of nodes in this communication should not regard as an indication.