5 Best SPACs to Invest In According to Reddit

4. Alussa Energy Acquisition Corp. (NYSE: ALUS)

Alussa Energy Acquisition Corp. (NYSE: ALUS) is a special purpose acquisition company that is headquartered in Cayman Islands. It is ranked fourth on our list of 10 best SPACs to invest in according to Reddit. The firm went public in November 2019, raising close to $300 million from the initial offering. It now has a market capitalization of $360 million. It targets mergers with firms in the energy sector. The CEO of the company is Daniel Barcelo. 

Alussa Energy Acquisition Corp. (NYSE: ALUS) has signed a definitive agreement for a merger with FREYR, a Norway-based firm that is developing lithium ion batteries. The company is valued at close to $1.5 billion and is expected to debut on the stock market soon. The company hopes to raise close to $850 million from the initial public offering to fund a project that aims to massively scale up the clean battery cell manufacturing capacity in Norway over the next four years.