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?
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Maverick - 2 years ago
While SPACs in general have died and nobody is interested, the premise of what I said above is playing out interestingly.
NGA - doing well after its merger - the warrants are nearly 50% higher than where I sold. Went over $20 on the equity.
TPGY - it looks like their merger is going to fall apart - so not a fair comparison.
ACTC - bounced well of it's bottom, as well. I'm keeping an eye on this one.
This is all I can think of in SPAC (and deSPAC) that are worth keeping an eye on right now.
NGA - doing well after its merger - the warrants are nearly 50% higher than where I sold. Went over $20 on the equity.
TPGY - it looks like their merger is going to fall apart - so not a fair comparison.
ACTC - bounced well of it's bottom, as well. I'm keeping an eye on this one.
This is all I can think of in SPAC (and deSPAC) that are worth keeping an eye on right now.
SPAC Central
Created By: | Maverick |
Created: | Jun 21, 2020 |
Total Followers: | 7 |
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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.