SPACs

Chuckie_Egg · 08-02-2021 5:28pm #1

A separate thread for these investment vehicles

Special Purpose Acquisition Company

I'm currently invested in two SPACs
CCIV , bought in at $16.43, sold at $24 then bought back at $21

FPAC Far Peak Acquisition Corp bought at $10.58

I'm watching a few more but I haven't had the time to research fully
Alussa Energy Acquisition Corp. (ALUS)
Fusion Acquisition Corp
Greenrose Acquisition Corp

I was thinking we could pool our research. My aim is to trade these so i will sit on them until they run up, could be weeks, could be a year then sell before any announcements. As it is with CCIV I think the value of the SPAC could be worth more than the % of Lucid of the deal happens. So my strategy would be buy the rumour sell before the news

cronos · 08-02-2021 7:49pm

Here are all the resources I have for SPAC's. I'm also in CCIV and a number of other less successful SPAC's. CCIV will be a life changing number along with PSTH, most of my other SPAC's are smaller percentages of my portfolio.

https://www.reddit.com/r/SPACs/
https://docs.google.com/spreadsheets/d/1-3SIz_V2pEGjeIMPo_6S9IM-Z-eh69HjSxTceglru_E/edit#gid=547714668
https://discord.com/channels/428232997737594901/798715307127996417 (I don't visit this so not sure if it's useful)
https://www.reddit.com/r/SPACs/comments/kj3hxw/megathread_spacs_around_nav_recommendations_and/?utm_source=reddit&utm_medium=usertext&utm_name=SPACs&utm_content=t1_gjdd87w
https://docs.google.com/spreadsheets/d/1dZOPswJcmPQ5OqTw7LNeTZOXklnmD-n7fyohbkRSsFE/edit#gid=0
https://spactrack.net/
https://www.spachero.com/
https://www.alternative-analytics.eu/dashboard/ind_reports/spac_overview.html

Chuckie_Egg · 08-02-2021 10:23pm

Great info cronos, thanks!

mackcracknsack · 08-02-2021 10:48pm

Thanks for the info cronos.

Have a few spacs myself, CCIV and few others.
Have not taken the plunge on PSTH yet. I saw the potential merger target but there is very little information from reliable sources. Have you ever found anything yourself?

Wingman2010 · 08-02-2021 10:51pm

Is anyone following VGAC? Looks an interesting one. I tried to get in at 14 last week and I still haven’t ruled it out.

Chuckie_Egg · 08-02-2021 11:26pm

Not looked at VGAC, I'm still a bit new to the spac scene so it'll take a while to get up to speed with them all.
CCIV and PSTH look very high now, with CCIV if the deal with lucid doesn't happen then its a big drop back down to $10. Idk how much more upside is in it, I'm thinking of pulling my funds out of it.
Remember Buffets 2 rules for investing.

Wingman2010 · 08-02-2021 11:37pm

Chuckie_Egg wrote: »

Not looked at VGAC, I'm still a bit new to the spac scene so it'll take a while to get up to speed with them all.
CCIV and PSTH look very high now, with CCIV if the deal with lucid doesn't happen then its a big drop back down to $10. Idk how much more upside is in it, I'm thinking of pulling my funds out of it.
Remember Buffets 2 rules for investing.

Yes, that’s why I didn’t get into CCIV with nothing confirmed by either party. I just wasn’t prepared to take that risk myself!

cronos · 09-02-2021 12:06am

GreenVision Acquisition Corp
GRNV

This one is making moves if you have after hours access. I have 1% of my portfolio in it but it looks like it could fly this evening. I'd have doubled down or more but can't access the after markets. They are merging with https://helbiz.com/

https://finance.yahoo.com/news/greenvision-acquisition-corp-announces-merger-213000557.html
https://helbiz.com/_nuxt/static/pdf/investor-deck.pdf

Always nice when "one of my less successful" SPAC's get's some joy. Let's see how far it runs.

cronos · 09-02-2021 12:23am

Chuckie_Egg wrote: »

Not looked at VGAC, I'm still a bit new to the spac scene so it'll take a while to get up to speed with them all.
CCIV and PSTH look very high now, with CCIV if the deal with lucid doesn't happen then its a big drop back down to $10. Idk how much more upside is in it, I'm thinking of pulling my funds out of it.
Remember Buffets 2 rules for investing.

Risky, but massive reward along with the reasonably high probability the CCIV deal gets done. My average is 17 so I'm happy to ride it to the end.

For PSTH it's hard to know what the deal is. If it's all hype for Stripe there will be large amounts of disappointment. Average here is 27 and will also be riding to the end.

cronos · 09-02-2021 12:26am

Duddell Street Acquisition Corp.
DSAC

This one got a little hype today in connection with crypto.com seems just rumours at this point.

https://stocktwits.com/symbol/DSAC

JoeCole26 · 09-02-2021 10:38am

cronos wrote: »

GreenVision Acquisition Corp
GRNV

This one is making moves if you have after hours access. I have 1% of my portfolio in it but it looks like it could fly this evening. I'd have doubled down or more but can't access the after markets. They are merging with https://helbiz.com/

https://finance.yahoo.com/news/greenvision-acquisition-corp-announces-merger-213000557.html
https://helbiz.com/_nuxt/static/pdf/investor-deck.pdf

Always nice when "one of my less successful" SPAC's get's some joy. Let's see how far it runs.

Flying this morning also. Added to my watch list last night on the back of your post. I’ve probably missed the boat here but good work.

wrestlemaniac · 09-02-2021 10:59am

JoeCole26 wrote: »

Flying this morning also. Added to my watch list last night on the back of your post. I’ve probably missed the boat here but good work.

Merger under investigation now though

cronos · 09-02-2021 11:03am

wrestlemaniac wrote: »

Merger under investigation now though

That happens to every merger. It scared me the first time I saw it also though so I can understand it.

cc87 · 09-02-2021 12:21pm

Bill Foley ($BFT/Paysafe) with two more SPACs in the pipeline

https://www.reuters.com/article/us-foley-ipo-austerlitz-exclusive/exclusive-veteran-investor-foley-plans-to-raise-1-5-billion-through-two-spacs-source-idUSKBN2A900U

Chuckie_Egg · 09-02-2021 1:23pm

cronos wrote: »

GreenVision Acquisition Corp
GRNV

This one is making moves if you have after hours access. I have 1% of my portfolio in it but it looks like it could fly this evening. I'd have doubled down or more but can't access the after markets. They are merging with https://helbiz.com/

https://finance.yahoo.com/news/greenvision-acquisition-corp-announces-merger-213000557.html
https://helbiz.com/_nuxt/static/pdf/investor-deck.pdf

Always nice when "one of my less successful" SPAC's get's some joy. Let's see how far it runs.

Are we too late to get into this one, and how come there was no run up on the price before the news?
Looking at INSU Acquisition Corp, the spac value rose nearly 100% over the 2 months following the Metromile news

cronos · 09-02-2021 1:46pm

Chuckie_Egg wrote: »

Are we too late to get into this one, and how come there was no run up on the price before the news?
Looking at INSU Acquisition Corp, the spac value rose nearly 100% over the 2 months following the Metromile news

I doubt it's as big a deal as Metromile. Probably does not warrant the rumours and coverage other bigger deals might get.

Hard to know where it will go to be honest. SPAC's are a bit of a law on to themselves sometimes.

Chuckie_Egg · 09-02-2021 1:57pm

Yes, I think you need to look into the company they are doing the acquisition on. Helbiz is focused on micro-mobility offering e-scooters, e-bikes etc as a rental in big cities.
The opportunity looks very interesting, as these are big in Asia and are a kinda norm there.

cronos · 09-02-2021 4:55pm

Chuckie_Egg wrote: »

Yes, I think you need to look into the company they are doing the acquisition on. Helbiz is focused on micro-mobility offering e-scooters, e-bikes etc as a rental in big cities.
The opportunity looks very interesting, as these are big in Asia and are a kinda norm there.

Does not look to be having much joy sadly. Almost all of my SPAC's are down today though.

masterK · 12-02-2021 9:35am

Interesting merger a few days ago, with CM Life Sciences to merge with a company called Sema4

https://www.businesswire.com/news/home/20210210005493/en/%C2%A0Sema4-a-Disruptive-AI-driven-Genomic-Clinical-Data-Platform-Company-to-Combine-with-CM-Life-Sciences-to-Accelerate-Growth

ARK bought 1.5 million shares yesterday. The price has doubled in the last few days.

Chuckie_Egg · 12-02-2021 4:55pm

masterK wrote: »

Interesting merger a few days ago, with CM Life Sciences to merge with a company called Sema4

https://www.businesswire.com/news/home/20210210005493/en/%C2%A0Sema4-a-Disruptive-AI-driven-Genomic-Clinical-Data-Platform-Company-to-Combine-with-CM-Life-Sciences-to-Accelerate-Growth

ARK bought 1.5 million shares yesterday. The price has doubled in the last few days.

Ark must have some amount of analysts, they are always ahead of the pack. Sometimes I think it would be just as easy to just Invest in Ark funds!!

masterK · 12-02-2021 8:54pm

Chuckie_Egg wrote: »

Ark must have some amount of analysts, they are always ahead of the pack. Sometimes I think it would be just as easy to just Invest in Ark funds!!

CM Life Sciences up another 20% today. I think the fact Ark buy a sizable shareholding in a company in itself is enough to drive the price up.

shooter69 · 14-02-2021 12:42am

What are peoples thoughts on $SNPR? Am a holder of CCIV and think the next logical investment is someone in the charger network that take advantage of the EV revolution , SBE (chargepoint) or Volta through the spac SNPR. Seem to have good contracts with Amazon Fresh, Giant and Whole foods and their advertising screens on the chargers is their USP. They don’t have the network of Chargepoint but they are keenly priced compared to competitors atm...might be worth a punt me thinks..
Link below to Alex Cutler yt video on Volta- worth a look...

https://youtu.be/UqKGOf3ew0Y

Wingman2010 · 14-02-2021 3:08am

masterK wrote: »

CM Life Sciences up another 20% today. I think the fact Ark buy a sizable shareholding in a company in itself is enough to drive the price up.

I would also consider HAAC. Currently at 13.71. Talk of it merging with Color Genomics and the price may jump overnight if announced. If anyone is in with BNGO they will see how this stock has gone up the last 6 weeks.

Wingman2010 · 15-02-2021 11:10pm

A potential battery SPAC; PDAC. I’ll be watching this closely tomorrow.

https://mobile.reuters.com/article/amp/idUSKBN2AF1VE?__twitter_impression=true

I’m getting FOMO with all these SPAC’s after not entering CCIV a few weeks back!

Chuckie_Egg · 15-02-2021 11:37pm

Wingman2010 wrote: »

A potential battery SPAC; PDAC. I’ll be watching this closely tomorrow.

https://mobile.reuters.com/article/amp/idUSKBN2AF1VE?__twitter_impression=true

I’m getting FOMO with all these SPAC’s after not entering CCIV a few weeks back!

The Buffet has the best advice for this

https://youtu.be/l0Mw8hCzQ1I

cronos · 16-02-2021 12:21am

Wingman2010 wrote: »

A potential battery SPAC; PDAC. I’ll be watching this closely tomorrow.

https://mobile.reuters.com/article/amp/idUSKBN2AF1VE?__twitter_impression=true

I’m getting FOMO with all these SPAC’s after not entering CCIV a few weeks back!

I got lucky with CCIV but feel the same about Argo and bitcoin. BNGO also.

Anyone on the look out for anything else tomorrow?

masterK · 16-02-2021 9:44am

Anybody any strong opinions on the eVTOL area for investment. There are 2 interesting SPACs in this space at present.

Atlas Crest (ACIC) has already announced a merger with Archer Aviation. Archer have a 1 billion order from United Airlines already. Current share price is $13.56

A second merger in the pipeline is Reinvent Tech (RTP) merging with Joby Aviation, this hasn't been announced but most of the rumours are leading this way. Current price is $14.5.

Of the two Joby interest me more, their tech seems to be ahead of Archers. Both don't plan on being commercially operational until 2023/24 so there is definitely an element of a punt and some patience here but the rewards could be huge.

Chuckie_Egg · 16-02-2021 9:48am

cronos wrote: »

I got lucky with CCIV but feel the same about Argo and bitcoin. BNGO also.

Anyone on the look out for anything else tomorrow?

Nothing on the immediate radar, I bought some GreenVision Acquisition Corp on Friday @10.27 which I'm happy with as they are to merge with Helbiz which was announced over a week ago, it was at 11.40 then and has dropped back so now its trading at more or less the spac value.
I think if the CCIV deal happens then there will be a lot of money looking for new SPACs to invest in. Just have to find out where the herd is going to be and get there early!!

Chuckie_Egg · 16-02-2021 9:50am

masterK wrote: »

Anybody any strong opinions on the eVTOL area for investment. There are 2 interesting SPACs in this space at present.

Atlas Crest (ACIC) has already announced a merger with Archer Aviation. Archer have a 1 billion order from United Airlines already. Current share price is $13.56

A second merger in the pipeline is Reinvent Tech (RTP) merging with Joby Aviation, this hasn't been announced but most of the rumours are leading this way. Current price is $14.5.

Of the two Joby interest me more, their tech seems to be ahead of Archers. Both don't plan on being commercially operational until 2023/24 so there is definitely an element of a punt and some patience here but the rewards could be huge.

yep that's spacs but this is where the action is so for now this is the game to play!!
Must have a look at Joby..

wrestlemaniac · 16-02-2021 10:02am

Ajax 1 is the next big big spac for me.

A who's who of people involved. Nothing anywhere near announced yet so plenty time to run.

I'm in at 11. Bit pricey at the moment for me to go back in but any dips below 12 is good value i think

cronos · 16-02-2021 10:16am

wrestlemaniac wrote: »

Ajax 1 is the next big big spac for me.

A who's who of people involved. Nothing anywhere near announced yet so plenty time to run.

I'm in at 11. Bit pricey at the moment for me to go back in but any dips below 12 is good value i think

Keep us in the loop on any dips.

cronos · 16-02-2021 10:18am

masterK wrote: »

Anybody any strong opinions on the eVTOL area for investment. There are 2 interesting SPACs in this space at present.

Atlas Crest (ACIC) has already announced a merger with Archer Aviation. Archer have a 1 billion order from United Airlines already. Current share price is $13.56

A second merger in the pipeline is Reinvent Tech (RTP) merging with Joby Aviation, this hasn't been announced but most of the rumours are leading this way. Current price is $14.5.

Of the two Joby interest me more, their tech seems to be ahead of Archers. Both don't plan on being commercially operational until 2023/24 so there is definitely an element of a punt and some patience here but the rewards could be huge.

I have RTP. Joby is an intersting one. It's the kind of thing I wouldn't normally think to buy to be honest, but I was in RTP early. I'm keeping it though as a wildcard. Market seems to like Joby.

Not sure if RTPZ is a bit expensive at this stage. They could get Hippo.

gudede · 17-02-2021 12:18am

FCAC is merging with Sharecare and it seems that the company had flown under the radar because (1) other popular spacs and (2) probably unsure what the company does.

Reasons I like Sharecare are;
I see the company been a CRM system for people, doctors, hospitals and other healthcare people, along with insurance companies. (People going crazy for HAAC in the hope they merge three companies into one in order to create this business)
Acquisition of Doc.AI gives the company new connections and improves product offerings.
Management have a good track record. They turned around business segment they brought from Healthways’ PopHealth Division in August 2016 (loss making now profit making)
2021 estimated income is pretty much a given due to presigned contracts. high growth, recurring revenue visibility in a space as large and growing as healthcare.
A lot of new markets can been expanded into.
The company sees multiple paths to hitting $1 billion in revenue.
Main players in the SPAC brought through Draftkings and Skilz
Ohya, the company is already profitable!!

https://www.cnbc.com/video/2021/02/12/sharecare-ceo-on-going-public-via-4-billion-spac-deal.html

https://m.youtube.com/watch?v=e2d9t4enbas

Closed today at $11.35. Can see this at least doubling in size.

transylman · 17-02-2021 12:46am

Wingman2010 wrote: »

A potential battery SPAC; PDAC. I’ll be watching this closely tomorrow.

https://mobile.reuters.com/article/amp/idUSKBN2AF1VE?__twitter_impression=true

I’m getting FOMO with all these SPAC’s after not entering CCIV a few weeks back!

They are this cycle's version of a $hitty tech IPO or mortgage backed security. Essentially a blank cheque investment, every financial scumbag around is getting involved in them. Short term you might make some impressive returns but long term most of them will be going to zero. Avoid!!

cronos · 17-02-2021 1:33am

transylman wrote: »

They are this cycle's version of a $hitty tech IPO or mortgage backed security. Essentially a blank cheque investment, every financial scumbag around is getting involved in them. Short term you might make some impressive returns but long term most of them will be going to zero. Avoid!!

You mean SPAC's in general?

transylman · 17-02-2021 9:33am

cronos wrote: »

You mean SPAC's in general?

Yes.

Atlas_IRL · 17-02-2021 11:22am

transylman wrote: »

They are this cycle's version of a $hitty tech IPO or mortgage backed security. Essentially a blank cheque investment, every financial scumbag around is getting involved in them. Short term you might make some impressive returns but long term most of them will be going to zero. Avoid!!

You need to know how to play them, I have traded prob 30ish spacs at this stage and have 4 post merger. I agree some may be worth nothing in the future (same as IPO's) and the spac market may not always be SPACtacular but to tell people to avoid i don't agree with. I have made way more money with spacs than regular stocks. Its easy, buy neart nav sell near merger rinse repeat. 10-100% profit on most of them. Below is not including big premerger gains like CCIV +200%

Post merger i only own the below

fsr +95%
Metromile 15%
Quantumscape 109%
Skillz 127%

cronos · 17-02-2021 11:46am

Atlas_IRL wrote: »

You need to know how to play them, I have traded prob 30ish spacs at this stage and have 4 post merger. I agree some may be worth nothing in the future (same as IPO's) and the spac market may not always be SPACtacular but to tell people to avoid i don't agree with. I have made way more money with spacs than regular stocks. Its easy, buy neart nav sell near merger rinse repeat. 10-100% profit on most of them. Below is not including big premerger gains like CCIV +200%

Post merger i only own the below

fsr +95%
Metromile 15%
Quantumscape 109%
Skillz 127%

What Pre Merger SPAC's do you have?

cronos · 17-02-2021 11:52am

transylman wrote: »

They are this cycle's version of a $hitty tech IPO or mortgage backed security. Essentially a blank cheque investment, every financial scumbag around is getting involved in them. Short term you might make some impressive returns but long term most of them will be going to zero. Avoid!!

It's a sweeping statement. Same as saying all IPO's were bad. Plenty of tech companies succeeded and many didn't. This is certainly high risk investment.

I do think there has become somewhat of a bandwagon where there are now celebrity SPAC's, I definitely don't want to give someone money just because they happen to be famous. I predict the end of the SPAC bubble will be Kayne West with a SPAC.

Atlas_IRL · 17-02-2021 12:19pm

cronos wrote: »

What Pre Merger SPAC's do you have?

I Had to sell some for CCIV which is 30% of my portfolio (can't take much out of my account as I have mortgage applications in with the bank.), so pre merger spacs i only have VCVC, CCIV & BFT.

Had to get out of PTSH(ouch), SRAC, THBR, AMCI

Chuckie_Egg · 17-02-2021 12:30pm

transylman wrote: »

They are this cycle's version of a $hitty tech IPO or mortgage backed security. Essentially a blank cheque investment, every financial scumbag around is getting involved in them. Short term you might make some impressive returns but long term most of them will be going to zero. Avoid!!

This is nothing more than trolling. Stick to facts,
the spac, if it doesn't find an investment within the allocated time must return the money to the holders, i.e you get $10 back for every share, so if you are buying a spac for $10-$11 you really are only loosing at most $1 per share if it doesn't happen.
If they do find a company to invest in you still have plenty of time to weigh up is it worth buying more, selling what you have or holding the spac before it gets converted into the new company.
Without spac's you have to try and participate in an IPO, which by the time you get to invest your funds the price is already double what the Investment banks and large funds have gotten in for.
Anyways, it's your choice what to do with your money, no harm in avoiding the spac space, no harm in investing in it by doing a bit of research and pooling our resources like what we are doing here.

crazy_kenny · 17-02-2021 6:04pm

Anyone in on $FRX

“Fitness companies Beachbody LLC and Myx Fitness LLC will go public through a three-way merger with a blank-check firm affiliated with former TikTok chief Kevin Mayer, valuing the combined entity at around $2.9 billion.

Founded in 1998 by Carl Daikeler and Jon Congdon, Santa Monica-based Beachbody has over 3 million subscribers and offers more than 2,700 on demand videos, its website showed.

Myx, which closely competes with the likes of Peloton Interactive Inc and SoulCycle Inc, provides one-on-one coaching and training customized to users' heart rate.”

Seems decent value at $11 after definite agreement reached. Looking at Peloton $PTON trading at over $130.

cronos · 17-02-2021 9:07pm

RTPZ is worth a look now that's it's dropped in price a bit.

Chuckie_Egg · 18-02-2021 7:38pm

CCIV @ $61.78
it has been some return, my average is $17.12. I hope my other spacs make this kinda return, if they do I'll retire early!!!

cronos · 18-02-2021 9:26pm

Chuckie_Egg wrote: »

CCIV @ $61.78
it has been some return, my average is $17.12. I hope my other spacs make this kinda return, if they do I'll retire early!!!

Same here. Only wish I bought more. Shows what SPAC's can do though.

cizolin · 18-02-2021 10:06pm

Hi All, on what trading app can I buy CCIV shares?
Thanks

cronos · 18-02-2021 10:12pm

cizolin wrote: »

Hi All, on what trading app can I buy CCIV shares?
Thanks

Degiro

TheBetsy · 18-02-2021 10:14pm

Anyone in on Goldman Sachs SPAC $GSAH? Up 12% today ðŸ˜€

buyer95 · 18-02-2021 10:35pm

I bought CCIV about 2 weeks ago and it's flying, great tip. Any more decent spacs people are high on?

MAJJ · 18-02-2021 10:38pm

buyer95 wrote: »

I bought CCIV about 2 weeks ago and it's flying, great tip. Any more decent spacs people are high on?

Am in CCIV and also hold PSTH. PSTH sitting at 30ish for a bit and hope it will pop after CCIV does.

cronos · 18-02-2021 11:01pm

TheBetsy wrote: »

Anyone in on Goldman Sachs SPAC $GSAH? Up 12% today ��

Yes. As usual wish I had more and more importantly that it holds the pop. Personally trying to buy and hold but SPAC's can be fickle and pop and fall back as people sell the pop. Selling the pop could be a good strategy also but definitely need after hours access to pull it off. Hoping this is a crypto play, Gemini seems to be getting talked about on the internet but I don't trust rumors anymore unless they come from a reputable source such as Bloomberg for example.

SPACs

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