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re: Special Purpose Acquisition Company (SPAC) Discussion

Posted on 2/19/21 at 1:52 pm to
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 2/19/21 at 1:52 pm to
Similar but those are considered CAPS (Capital which aligns & patners with a sponsor) and have 28.75 strike price.
Posted by Crapshoot
Member since Jun 2017
100 posts
Posted on 2/19/21 at 2:18 pm to
quote:

Similar but those are considered CAPS (Capital which aligns & patners with a sponsor) and have 28.75 strike price.

Is the upside less than SPACs?
Posted by Palm Beach Tiger
Orlando, Florida
Member since Jan 2007
29864 posts
Posted on 2/19/21 at 3:11 pm to
A few questions on spacs. So far I have been playing the close to nav strategy. Just on a basic robin hood account. But I am interested in buying the units pre split (on fidelity). Basically when you buy a unit you get the common plus half a warrant when it splits right? I am assuming you cant use margin like on commons, so would this be a good play for a roth ira Thanks in advance.
Posted by Thecoz
Member since Dec 2018
2540 posts
Posted on 2/19/21 at 3:12 pm to
i got rid of rest of mine before this last bump.....oh well...

i like buying and keeping for the long term and not just flipping...

i get the plan but already a lot of high end and low cost competion and already see them on tv...

they may be the next keurig verses tassimo ...
??????
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 2/19/21 at 4:57 pm to
In general, the term structure is more favorable for sponsors and investors but I think retail prefers the lower NAV. Like all mergers, upside largely will depend on the acquired target.
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 2/19/21 at 5:06 pm to
Yes, NAV strategy can be done in your ROTH. It's a "safer" method for those with low risk tolerance but still want potentially high reward. Some units have whole, 1/2, 1/4, 1/5, etc. warrants attached when split. I believe it is free to split units with Fidelity.
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 2/19/21 at 5:07 pm to
#Metoo, sold my shaq spac too prematurely.
Posted by ReadyPlayer1
Clown World
Member since Oct 2020
1062 posts
Posted on 2/19/21 at 6:05 pm to
Same sold my warrants at 3.50 they are over $6 now. Kicking myself now. Thought I could buy back lower.

They are doing a 2nd one FRXB. May be available Monday. I'm loading up on warrants the first day they are available
Posted by Palm Beach Tiger
Orlando, Florida
Member since Jan 2007
29864 posts
Posted on 2/19/21 at 6:34 pm to
Thank you. I think i will do a mix of that and ark funds for my roth.
Posted by Thecoz
Member since Dec 2018
2540 posts
Posted on 2/19/21 at 6:49 pm to
what draws you to this area of spac investment??? frxb

i really thought frx was going to try to get triller
based on announment timing, management, 250 mill ...etc

i was not a fan of target they went with...
picked up ccv with hopes they may go for triller but now not sure ????

anyway ..what catches your inerest in the next fr.... spac...i want to get a little and looking for a reason ...


Posted by rocksteady
Member since Sep 2013
1280 posts
Posted on 2/19/21 at 7:12 pm to
any of you SPAC gentlemen in/follow PSTH closely? I bought some June18 calls back in December based off of Bill Ackman saying they were on track for a Q1 2021 target announcement but I have not really kept up
Posted by Dayman
Member since Sep 2015
713 posts
Posted on 2/19/21 at 8:18 pm to
Ackman was a little questionable on the timeline on yesterday's call. Basically hinted he would like to deliver on the Q1 promise but "some things are out of psth control."

My best guess is that a target has been found, but the announcement is dependent upon how quickly the target complies with whatever actions are needed on their end.

Here's to hoping the target is Stripe. If so, my grandkids will have plenty of stripe shares because im not fricking selling that company.

Currently holding shares of PSTH, IPOF, IPOD, BTWN and some others.

If BTWN is tokopedia I'll also hold for many years.
This post was edited on 2/19/21 at 8:21 pm
Posted by Thecoz
Member since Dec 2018
2540 posts
Posted on 2/19/21 at 8:30 pm to
hoping btwn is toko...
with the toko/golek merge guessing they will need a big pipe from li or theil...

got some btnb..in case they use it for golek???? if not maybe traveloka???

traveloka keeps coming up as target also...
got some covau and paqcu as a hedge because they approached traveloka...

yeah i want them all to keep and pass down to the kids...
Posted by Dayman
Member since Sep 2015
713 posts
Posted on 2/19/21 at 8:41 pm to
Thought the same about btnb but my money is tied up elsewhere.

Have you looked into softbank spacs? Thinking of initiating a position there.
Posted by Thecoz
Member since Dec 2018
2540 posts
Posted on 2/19/21 at 8:48 pm to
do not know them...
Posted by ReadyPlayer1
Clown World
Member since Oct 2020
1062 posts
Posted on 2/20/21 at 12:17 am to
quote:

what draws you to this area of spac investment??? frxb


quote:

Forest Road Acquisition Corp. II (FRXB)
• $300M, 1/5 warrant
• Focus: TMTC (TMT & Consumer)
• Co-CEO and Co-Chairman:
Thomas Staggs (Former COO of The Walt Disney Company and Director of Spotify)
• Kevin Mayer (Former CEO of TikTok)

• Director:
• Martin Luther King III (Son of Martin Luther King Jr. and Former CEO of The King Center)
• Strategic Advisor:
• Shaquille “Shaq” O’Neal (4x NBA Champion, 3x NBA Finals MVP, 15x NBA All-Star)
• Forest Road Acquisition Corp (FRX) announced a merger deal with Beachbody & Myx Fitness on February 10th. FRX closed the day at $12.25.


I liked the beach body I just messed up selling my warrants to soon trying to swing them. If FRX is popular it will help their next one before they have a target. if I can get warrants below $2 ill take it.
same if another ipo?g comes out if you can get it before it moves up at all you can get the gains just from people finding out about it.
highly recommend signing op to their nightcap on spactrack

https://spactrack.net/

Posted by r0cky1
Member since Oct 2020
3343 posts
Posted on 2/20/21 at 3:14 pm to
quote:

Altu


Love Altu and Aerion


This post was edited on 2/20/21 at 3:15 pm
Posted by Thecoz
Member since Dec 2018
2540 posts
Posted on 2/20/21 at 3:47 pm to
you get a piece of acic
(archer.......have a contract with united for 1bilion to make low footprint air taxi)
Posted by Thecoz
Member since Dec 2018
2540 posts
Posted on 2/20/21 at 3:55 pm to
rumor is ark just picked up some acic for the space etf they are making...i am getting to confused chasing these and the problem is i want a piece of them all...think i am gonna have to stop and just focus on the new space ark...grew up watching the jetsons to much :)
Posted by r0cky1
Member since Oct 2020
3343 posts
Posted on 2/20/21 at 4:28 pm to
This is not aviation but a Healthcare spac to watch is $MAAC
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