Topps trading card SPAC Mudrick Capital II pares some of yesterday's decline after Topps releases Q1 results, reaffirms MLB deal

Topps trading card SPAC Mudrick Capital II (MUDS) reversed some of yesterday's decline, gaining 6.7%, after Topps posted Q1 results and reaffirmed NFT deal with Major League Baseball.Topps announced total net sales for Q1 increased 55% over the same period a year ago to approximately $166.6M. In addition, Major League Baseball and Topps reaffirmed their licensing relationship for non-fungible tokens or NFTs is unchanged, according to a statement.The Topps statement comes after the MUDS SPAC shares slumped 15% yesterday after MLB agreed to a NFT licensing deal with Candy Digital, a new company formed by Fanatics Chairman Michael Rubin.Last month, Topps trading card SPAC Mudrick Capital II gains after Citron pitch.