---
title: "SPACs are roaring back. This red-hot stock is a cautionary tale."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295256110.md"
description: "Dave lost 97% of its value before a 1-for-32 reverse split. Now the fintech stock has surged back. The story is a warning to investors as SPACs mount a comeback."
datetime: "2026-08-07T15:50:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295256110.md)
  - [en](https://longbridge.com/en/news/295256110.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295256110.md)
generator: "portal-rs"
---

# SPACs are roaring back. This red-hot stock is a cautionary tale.

Dave lost 97% of its value before a 1-for-32 reverse split. Now the fintech stock has surged back. The story is a warning to investors as SPACs mount a comeback.

### Related Stocks

- [DAVEW.US](https://longbridge.com/en/quote/DAVEW.US.md)
- [DAVE.US](https://longbridge.com/en/quote/DAVE.US.md)

## Related News & Research

- [BUZZ-Piper Sandler initiates Dave at 'overweight' on growth prospects](https://longbridge.com/en/news/296135337.md)
- [The SPAC IPO Buzz: Inflection Point Acquisition VIII Raises $250 Million](https://longbridge.com/en/news/297353628.md)
- [Africa-focused SPAC pan-Africa withdraws $125 million IPO](https://longbridge.com/en/news/296832303.md)
- [BEST SPAC I Acquisition Disclosed Failure to Satisfy a Continued Listing Rule or Standard](https://longbridge.com/en/news/296902509.md)
- [Real estate and consumer-focused SPAC Timber Road Acquisition withdraws $200 million IPO](https://longbridge.com/en/news/297232735.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**