5 Best Cheap SPACs to Buy According to Reddit

3. Consonance-HFW Acquisition Corp. (NYSE: CHFW)

Consonance-HFW Acquisition Corp. (NYSE: CHFW) is a special purpose acquisition company based in New Jersey. It is placed third on our list of 10 best cheap SPACs to buy according to Reddit. The target focus of the firm is the life sciences sector in general. It raised more than $92 million from IPO-related proceeds in November 2020. The CEO of the firm is Gad Soffer. 

Consonance-HFW Acquisition Corp. (NYSE: CHFW) has signed a definitive agreement for a merger with Surrozen, the San Francisco-based biotechnology firm valued at close to $500 million that is going to debut on the stock market soon. The company is expected to begin trading on the NASDAQ exchange under the ticker SRZN. The SPAC presently has a market capitalization of close to $118 million.