ProfofPump 00:25 AM - Jul 15 2020

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...
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Comments

ProfofPump - 3 years ago
I didn't see this coming:

AACQ may take Origin Materials (a company that uses plants to make plastics public)

finance.yahoo.com/news/origin-...
ProfofPump - 3 years ago
fool.com/investing/2020/08/01/...

Motley Fool speculates that Stripe, SoFi, and Robinhood are acquisition targets. Stripe sounds like the most reasonable one. Also the spac pricing has remained relatively flat.
Maverick - 3 years ago
Symbol: AACQ (U)(W)
$600M on their raise

Unit has 1 share and 1/3 of a warrant

Warrant is 1:1 @ 11.50


The Company intends to focus on technology enabled businesses that directly or indirectly offer specific technology solutions, broader technology software and services, or financial services to companies of all sizes.

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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