A Cathie Wood ETF Has Bought Into a Serena Williams-Backed SPAC
- ARK Robotics fund purchased around 800,000 shares of the SPAC
- Jaws Spitfire recently entered deal to buy 3D printing company
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Cathie Wood’s ARK Autonomous Technology & Robotics exchange-traded fund has bought shares of a blank-check company backed by tennis star Serena Williams.
In recent days the ARKQ ETF purchased about 800,000 shares in Jaws Spitfire Acquisition Corp., according to data from ARK Investment Management LLC. Jaws Spitfire, which counts Williams as a board member and Starwood Capital LLC Chief Executive Officer Barry Sternlicht as its chairman, on Tuesday entered a merger deal with 3D printing company Velo3D Inc. to take it public, sending shares of the special-purpose acquisition company down more than 5% that day.