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Why Stable Road Acquisition Stock Is Down Today

Why Stable Road Acquisition Stock Is Down Today

The Securities and Exchange Commission is following through on its pledge to get tough on special purpose acquisition companies (SPACs), charging Stable Road Acquisition (NASDAQ: SRAC) and its merger partner Momentus with misleading investors about their planned deal. Stable Road shares traded down as much as 10% today as a result. The road to a deal completion has been anything but stable for these two merger partners.