I'm John Fort. You're listening to CNVC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Happy Wednesday. Welcome to Tech Check. I am John Fort with Carl Kintanilla and Deirdre Bosa. And today, making sense of Chimass, Lucky Clover, a breakdown of surges and personalities leading the SPAC charge. Then barely legal tender. Bitcoin's risky, but it's also official. We have the company helping El Salvador make crypto official currency. And later, we're

live in Texas at GameStop's annual shareholder meeting. Carl? Hey, John also ahead this hour of the

street, starting to make some calls on big mean names like Coinbase, even Wendy's today.

Plus the CEO of UIPAP as that company reports its first earnings, D, since going public.

Looking forward to that interview.

But guys, we start with Chimapalalapitia and his specs.

Are they back?

Klober Health climbed 86% yesterday. Volatile again today, down about 4%.

Thanks to the surge, Paula Hepatia's initial $16 million investment in the SPAC was worth $682 million

as of the close. Now, amid these types of rallies, companies like AMC and GameStop have raised new capital from their shareholder base.

Benchmark partner Bill Gurley. Yesterday, he told us that this was ingenious. Have a listen.

They're actually, I think, quite ingenious from a capital formation and capital raising standpoint.

Once you've scared the shorts out of the market, you don't really have anything to balance

supply and demand if you just have overt huddle-based demand for the stock.

These two companies at the top of your list probably would have been bankrupt and they're not going

to be anymore. And so these movements are having real impact on our world.

So do you follow the CEOs raising money at the peak and believe that they can ultimately

transform their businesses or do follow

Chimath.

And guys, there's a key difference between Chmoth Palahapitia and at least some of the

Reddit crowd.

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