re: Special Purpose Acquisition Company (SPAC) Discussion

ACTT

Tomorrow they are voting to approve the merger of the two companies creating a new company (whole earth brands).

Valuation is tough but you can look at the financials of the merger companies to get an idea of what you are buying.

I like ACTT for a couple reasons. There is significant momentum in the total SPAC space right now. Everyone saw how great NKLA did, people are eager to find the next one.

Beyond that, I like ACTT specifically bc of trend towards healthy options. As someone said they are in starbucks and should become a name brand.

ETA

I think anything under $11 is extremely good value, I really think this is $12+ going into the vote and hopefully running to $15 after that. I am in at $10.00 exactly which is actually under the insured amount in the event the vote doesn't pass so my risk is little.