About Tidal ETF Trust - Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX)

Tidal ETF Trust - Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) is an exchange-traded fund (ETF) that aims to provide investors with exposure to the pre-merger special purpose acquisition company (SPAC) market. SPACs have gained significant popularity in recent years as a way for companies to go public without the traditional initial public offering (IPO) process. These blank-check companies raise capital through an IPO and then seek to merge with an operating company within a specified time frame. The SPAX ETF allows investors to participate in this growing trend.

As with all ETFs, SPAX offers investors the ability to gain exposure to a diversified portfolio of stocks through a single investment. By investing in SPAX, investors can gain exposure to a broad range of pre-merger SPACs, diversifying their risk and potentially benefiting from the success of multiple transactions. The ETF is managed by Tidal ETF Services, a registered investment adviser, and seeks to track the performance of the Robinson Alternative Yield Pre-Merger SPAC Index.