5 Best Cheap SPACs to Buy According to Reddit

4. Broadstone Acquisition Corp. (NYSE: BSN)

Broadstone Acquisition Corp. (NYSE: BSN) is a special purpose acquisition company that is headquartered in London. It is ranked fourth on our list of 10 best cheap SPACs to buy according to Reddit. The firm went public in September 2020, raising close to $305 million from the initial offering. It now has a market capitalization of $376 million. It targets mergers with firms mostly based in Europe in general and the United Kingdom in particular. The CEO of the company is Marc Nicholas Jonas. 

Broadstone Acquisition Corp. (NYSE: BSN) has signed a definitive agreement for a merger with Vertical Aerospace, a United Kingdom-based firm that is developing environmentally-friendly aircraft that run on electric power. The company is valued at close to $2.2 billion and is expected to debut on the stock market soon.