Investing has become an essential activity these days. Earlier investing your money meant buying fixed assets like houses and plots, or buying precious metals like gold. While these means of investing are still prevalent and beneficial, thanks to the stock market and financial institutions, individuals now have a wide variety of options for investing their money. They can choose an instrument that suits their needs and requirements. Among many investment vehicles, the most common ones are mutual funds, stocks, debentures, fixed deposits, acquisition of fixed assets, etc. Selecting an instrument to invest in depends upon your capital amount and on your risk appetite.


There are many types of companies in the market, working in different industries. Nowadays there are different types of companies being formed that provide very unique products or engage in unique activities. One such type of company is a shell company. A shell company or blank cheque company is usually engaged in activities like mergers and acquisitions of other companies. This type of company is also known as a Special Purpose Acquisition Company (SPAC). Such companies do not have any specific operations, they are formed for effecting activities like acquisitions, share exchange, amalgamation, recapitalization, etc.


One such blank cheque company is Alberton Acquisition Corporation. The company was founded in 2005 as Wisdom Resources Group Limited but later changed its name to Alberton Acquisition Corp. in 2018. The company is based in Wan Chai, Hong Kong. The company was formed for the purpose of engaging in a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, and other similar business combinations with one or more target businesses. Their target business is not limited to a certain industry or geographical location. The company is listed on Nasdaq with the symbol ‘ALAC’ (for ordinary shares). The company raised approximately $115 million during its IPO in 2018. Guan Wang is the CEO of Alberton Acquisition Corporation.


The company (NASDAQ: ALAC at has a market cap worth $157.55 million. The stock was trading at $10.65 before the covid-19 pandemic and has increased by 1.4%, currently trading at $10.80. The 52-week range of the stock is between $10.10 to $11. Some competitors of the company are 3 Sixty Risk Solutions, 8i Enterprises Acquisitions, Acamar Partners Acquisition, Acquired Sales, AGBA Acquisition, Allegro Merger Corp, ACMI Acquisition Corp, Apex Technology Acquisition, Arvana, Ayala, etc. The company has reported a net income of $1.26 million and the stock has an earnings yield of 0.19%. Data indicates that the return on equity for the company is 41.81% while basic EPS stands at $0.07.  You can buy stock share from the best broker for day trading.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.



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