Maverick 16:10 PM - Apr 24 2021

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?
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Comments

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.
samosa - 2 years ago
Hi its me from the future. No... April sadly was not the bottom. Its dead Jim.
Maverick - 2 years ago
I currently don't have a position in $ACTC but if I wasn't so unsure about SPACs in general, I'd go in big on it.  It's the highest quality pre merger currently out there, IMO.
Patrick M - 2 years ago
I've been in the sidelines, and playing terrible trades. I can seem to find my MOJO. A SPAC comeback would be great. 

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.
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