SPAC Central Trades
Add A Trade
View Trades
Add A Trade
To the Moon? Intuitive Machines
techcrunch.com/2022/09/16/intu...
https://www.intuitivemachines.com/space-infrastructure
Honestly, I groaned when this article popped up in my Google feed. Though Intuitive Machines going public via the Inflection Point Acquisition Corp SPAC could be very interesting. A quick read of Intuitive Machine's website shows the (very) long term promise of this company. They provide key services: (1) Transportation to the Moon [e.g. launch services for payloads] and on the surface (2) data and communication services (3) habitats where people would live which would be necessary for industrial activitiy & long term occupation of the lunar service. Personally, I think point #3 could be a stretch in terms of execution but services (1) and (2) alone make this one a speculative but good long-term " pick and shovels " play. Currently tracking & will open a small position at a reasonable price.
https://www.intuitivemachines.com/space-infrastructure
Honestly, I groaned when this article popped up in my Google feed. Though Intuitive Machines going public via the Inflection Point Acquisition Corp SPAC could be very interesting. A quick read of Intuitive Machine's website shows the (very) long term promise of this company. They provide key services: (1) Transportation to the Moon [e.g. launch services for payloads] and on the surface (2) data and communication services (3) habitats where people would live which would be necessary for industrial activitiy & long term occupation of the lunar service. Personally, I think point #3 could be a stretch in terms of execution but services (1) and (2) alone make this one a speculative but good long-term " pick and shovels " play. Currently tracking & will open a small position at a reasonable price.
Hyperfine is Fine with me?
Hyperfine in my opinion is diamond in the rough of the SPAC wreckage. See below for some DD from the Motley Fool and other sources:
"The Next Nano-X, but With Less Risk? | The Motley Fool" fool.com/amp/investing/2021/07...
"Our Mission, Leadership Team, Vision, and Goals: About Hyperfine | Hyperfine" hyperfine.io/about
"The Next Nano-X, but With Less Risk? | The Motley Fool" fool.com/amp/investing/2021/07...
"Our Mission, Leadership Team, Vision, and Goals: About Hyperfine | Hyperfine" hyperfine.io/about
Soaring Eagle Acquisition Corp > Ginko Bioworks
Long story short the Soaring Eagle Acquisition SPAC will acquire Ginko Bioworks which is best thought of as a "pick and shovels" play for the emerging field of synthetic biology. The valuation is a little rich imo but I plan to get a few shares.
"Ginkgo Bioworks wants to be the AWS of synthetic biology" news.yahoo.com/news/ginkgo-bio...
"Ginkgo Bioworks wants to be the AWS of synthetic biology" news.yahoo.com/news/ginkgo-bio...
SPACs - was end of April 2021 the bottom?
I wrote about SPACagedden 2.0 more than a month ago. I was wrong on how long it would last. It was much longer and more painful.
I am now wondering if that was bottom because the SEC has put the brakes on new submissions, which leaves just what's out there, which could create a flight to quality on the really good stuff (NGA, TPGY, ACTC)?
Anybody thinking the same? Or are you totally done with SPACs?
I am now wondering if that was bottom because the SEC has put the brakes on new submissions, which leaves just what's out there, which could create a flight to quality on the really good stuff (NGA, TPGY, ACTC)?
Anybody thinking the same? Or are you totally done with SPACs?
SPACageddon 2.0?
If you've been playing SPACs, then you know the pain the last two weeks have been.
I survived SPACageddeon 1.0 back in October 2020. That said, I didn't remember it well, since it was so damn painful.
So tonight, did some quick research to see if we were in SPACageddon 2.0 right now - which was overdue by amount a month, in my opinion. The sector is just too crowded and I am seeing absolutely stupid deals (pre revenue, pre product) and ridiculous valuations.
The power has actually shifted over to the companies instead of the SPACs. There are many, many more SPACs than a year ago and way less good deals by the day.
Going forward, you'll need to be very selective in what you buy. Not everything will pop. It needs to be sexy and at a good valuation.
So, let's get into where I think we are on the timeline
Two samples from SPACageddon 1.0 (both of which I was in at various times):
SHLL/HYLN - October 1 to November 2, 2020 - topped out at 55 on September 29, cliff dived to 18.50 on November 2.
DPHC/RIDE - October 1 to November 2, 2020 - topped out at 31, cliff dived to 13 on November 2, then almost fully bounced back to ATH by November 23.
...fast forward to February 2021
CCIV hits 58 on Feb 18, then started its nose dive (already down 60% as of today)
I think CCIV (that valuation was bubblelicious) started SPACageddon 2.0. Bond yields rising aren't helping, either -- risk off can be quick and severe.
If history repeats itself (unlikely, but what else do we have to use?), then I think we're looking at late March before we see the good stuff back to its previous highs.
This could actually play out well - if you can sustain the pain. We still do not have merger vote dates from $GIK , $NGA , or $TPGY (all quality and good valuations). The closer these happen to late March/early April, the better we should be.
Wild card: Bond yields continuing to cause problems -- this is a big, big liquidity drain that was not part of SPACageddon 1.0.
I survived SPACageddeon 1.0 back in October 2020. That said, I didn't remember it well, since it was so damn painful.
So tonight, did some quick research to see if we were in SPACageddon 2.0 right now - which was overdue by amount a month, in my opinion. The sector is just too crowded and I am seeing absolutely stupid deals (pre revenue, pre product) and ridiculous valuations.
The power has actually shifted over to the companies instead of the SPACs. There are many, many more SPACs than a year ago and way less good deals by the day.
Going forward, you'll need to be very selective in what you buy. Not everything will pop. It needs to be sexy and at a good valuation.
So, let's get into where I think we are on the timeline
Two samples from SPACageddon 1.0 (both of which I was in at various times):
SHLL/HYLN - October 1 to November 2, 2020 - topped out at 55 on September 29, cliff dived to 18.50 on November 2.
DPHC/RIDE - October 1 to November 2, 2020 - topped out at 31, cliff dived to 13 on November 2, then almost fully bounced back to ATH by November 23.
...fast forward to February 2021
CCIV hits 58 on Feb 18, then started its nose dive (already down 60% as of today)
I think CCIV (that valuation was bubblelicious) started SPACageddon 2.0. Bond yields rising aren't helping, either -- risk off can be quick and severe.
If history repeats itself (unlikely, but what else do we have to use?), then I think we're looking at late March before we see the good stuff back to its previous highs.
This could actually play out well - if you can sustain the pain. We still do not have merger vote dates from $GIK , $NGA , or $TPGY (all quality and good valuations). The closer these happen to late March/early April, the better we should be.
Wild card: Bond yields continuing to cause problems -- this is a big, big liquidity drain that was not part of SPACageddon 1.0.
ARYA / Nautilus Biotech
ARYA and Nautilus Biotech announced their merger today. A very exciting company backed by Jeff Bezos that aims to develop software & tech to encode the proteome (protein makeup) of cells / human body. This one has kind of been under the radar but has huge potential when you think of the tech's ability to treat a variety of diseases:
geekwire.com/2021/jeff-bezos-b...
geekwire.com/2021/jeff-bezos-b...
SRAC
SRAC is spac slated to merge with Momentus in the next few months. Momentus offers last last mile satellite and cargo delivery services. Practically, they offer tugboat / delivery van services in orbit around earth. I've heard offhand that SPACEX may have some association with this company but this will require some research. I cashed in my shares of the sucky UFO space ipo to get into this high risk, high reward company:
momentus.space/company
momentus.space/company
Trading week of December 21, 2020
I've got no major updates from my previously posted watchlist - https://stonks.chat/group/1/posts/72
$PIC has its merger vote on Monday.
$NGA continues to be my largest position, I'll be sitting on it for a while though (Feb/March)
$RMG final week of trading before merger vote on December 28.
AJAX came up in research this weekend.
$TPGY - hoping this one comes off a bit. It went crazy on merger announcement of EVBOX. Months before merger though, so there's time for it to cool off.
$SOAC - are you ever going to announce something?
Reminder: US markets are closed half day on Thursday (at 1p EST) and fully closed on Friday.
$PIC has its merger vote on Monday.
$NGA continues to be my largest position, I'll be sitting on it for a while though (Feb/March)
$RMG final week of trading before merger vote on December 28.
AJAX came up in research this weekend.
$TPGY - hoping this one comes off a bit. It went crazy on merger announcement of EVBOX. Months before merger though, so there's time for it to cool off.
$SOAC - are you ever going to announce something?
Reminder: US markets are closed half day on Thursday (at 1p EST) and fully closed on Friday.
Artius Acquisition Corp
This SPAC seems to be more of a fintech play that doesn't have an acquisition target in mind. Competition in this space is tight but I feel there's plenty of room for opportunity. I'm encouraged by the backgrounds of the two managers.
1. Charles Druker is the former CEO of WorldPay a high growth fintech company
2. Boon Sim is the founder of Artius Capital and a former financier for the country of Singapore.
sec.report/Document/0001193125...
1. Charles Druker is the former CEO of WorldPay a high growth fintech company
2. Boon Sim is the founder of Artius Capital and a former financier for the country of Singapore.
sec.report/Document/0001193125...
D8 Holdings Corp
This is a brand spanking new SPAC that appears to be geared towards consumer brands. The management team David Chu and Donald Tang have extensive experience in the retail space: Chu founded Nautica. Shares + warrants will be offered with shares equaling 1 and 1/4 [someone check my math] of a share in the eventual company. The SEC filing is below:
sec.report/Document/0001213900...
sec.report/Document/0001213900...
HCAC - Hennessy Capital Acquisition IV
HCAC / HCACW
- Currently 11.10 & 1.74
- Warrants are 1:1
- 9/5/2020 is liquidation date, so expect they'll file an extension - but probably announce a target has been identified/LOI'd
- 300M in bank - medium size SPAC
- 30M O/S
- Volume is steady, but price is moving up quickly, especially on warrants
- hennessycapllc.com
- "We are actively seeking to invest in, and introduce to the public markets, a compelling best-in-class industrial growth or industrial infrastructure company with an enterprise value of approximately $750 million or greater."
Some DD from Reddit: reddit.com/r/SPACs/comments/hj...
HCAC 1 = became BLBD (topped out at $27)
HCAC 2= became DSKE (went to $15), but totally boring
HCAC 3= became NRC (but this one confuses me, it's a Nordic company and I think it's now traded on Oslo? In any case, chart went way up..)
Only reservation I have about HCAC is Hennessy does boring SPACs, historically. They are industrial infrastructure stuff and lack sizzle that many of latest SPACs have. That said, the returns have been quite consistent and no doubt the reason he's doing it again. Plus, the SPAC space very different today compared to years ago.
Maybe they'll go with a 'green' infrastructure play here. ♻️
BMRG - Clean Energy SPAC, Target Announced June 24
- Currently 10.95 (moved up recently on announcement of target)
- 18M O/S
- $175M raised on May 22, 2020
- Warrants are 1:1 @ 11.50 - currently 1.76
- Target: On June 24, 2020, the Company executed a letter of intent with privately held Eos Energy Storage LLC (“EOS”) for a business combination transaction which would result in privately held EOS becoming a publicly listed company. Founded in 2008, EOS is an established provider of long-duration energy storage focused on providing a domestic solution to a global need: low-cost, safe, and environmentally friendly energy storage. The transaction contemplates a valuation of EOS of approximately $290,000,000. The proposed transaction would provide EOS with approximately $225,000,000 of additional new equity financing, including $50,000,000 of proceeds from a fully backstopped private placement of private equity by B. Riley Financial, assuming no public shareholders of the Company exercise their redemption rights at closing. The proposed transaction is expected to be completed in the fourth quarter of 2020 ==> https://eosenergystorage.com/
- The play: All this recent clean energy activity/movement in SPACs
SPAQ - Spartan Energy Acquisition Corp
SPAQ - currently 10.40 / SPAQ.WS currently 0.93
- Raised $550M
- 69M O/S (I think)
- spartanenergyspac.com
- They have until August 14, 2020 to complete an acquisition
- Obviously they won’t complete one, they’ll need an extension
- But we’ve seen them announce targets just prior to that so they’ll get the extension instead of shareholders redeeming
- On Friday, they filed an 8-K switching out the CEO: sec.gov/Archives/edgar/data/17...
- Also on Friday, they changed their website from an oil & gas theme to green energy theme - credit to Reddit: reddit.com/r/SPACs/comments/hg...
- Sounds like something is finally moving here...
SPAC Central
| Created By: | Maverick |
| Created: | Jun 21, 2020 |
| Total Followers: | 7 |
| Follow | |
SPACs ("Special Purpose Acquisition Companies") are blank check companies that have cash in them and are seeing a target to acquire. These can be fun because it's a 🕵️♀️ game of who they're going to acquire. It can be profitable if the target company ends up being something in a hot space.
Make sure to do your DD on management behind the SPAC, cash position, and target sector.
Make sure to do your DD on management behind the SPAC, cash position, and target sector.
Link Copied to Clipboard!