GSAH - Pre-Announce DD - January 2021

Price: 12.17 (equity) and 3.40 (warrants)
O/S: 75M
SPAC website:
gsam.com/content/gsam/us/en/pc...
Started trading: June 30, 2020
Trust: 750M
Warrants: 1:1
Must merge by: June 30, 2022
Book runners: Goldman Sachs, Citigroup
Target sector: "GSAH II is a generalist vehicle and while the team plans to evaluate opportunities in many sectors, they believe particularly attractive opportunities exist in the Diversified Industrial, Healthcare, Technology, Media and Telecom, and Alternatives Asset Management sectors."

My take:
GSAH #1 went public around August 2018
It announced VRT in December 2019 (about 16 months into SPAC life) vertiv.com/en-us
it started moving about 10 days prior to announcement

GSAH #2 (what we're talking about here) is a a different ballgame because SPACs are so different than they were 2 years ago and there's so much FOMO going on
This is a big SPAC at $750M in trust
It's going to take a big, interesting deal to move the dial for GS
10M volume (by far a record) on the equity today and 2.3M volume (record here, too) on the warrants
I've been following this one since around 2.25 on the warrants and a bit irritated I didn't bite, just thought it was too early

If this one isn't announcing soon, I'll be surprised - it's making all the indicating moves that a deal is imminent.

No guess on what sector they'll pick.

3

GS Acquisition Holdings Corp II - GSAH

Total Followers: 0
Follow
Link Copied to Clipboard!