Official Spac Thread

[ajctennis]

Here we go, the first official spac thread for the misc. I'm currently in GRAF and SHLL and happy to talk about both. Trying to buy more of SHLL if it dips below 7 again. Looking for other spacs over the weekend as well. I'll probably make a list this weekend of ones that might have potential. Let me know spacs you guys are in or are thinking of.

As a sidenote I'm shocked that Fisker is getting so much hype.

[Heaney]

7K GRAFW deep here myself. Warrants currently being traded at around 50% of their intrinsic value based on the currently share price. SHLLW are currently very under priced as well.

[game1990]

OPES and GRAF crew.

OPES bleeding out like 1% each day... -_-. my account looking red as fook right now

[Heaney]

OPES and GRAF crew.

OPES bleeding out like 1% each day... -_-. my account looking red as fook right now

Rumour I saw was that OPES dumped because people were worried about nasdaq non compliance but literally every spac goes through this. Why have a yearly shareholder meeting when your company is going to be absorbed into another in months.

I'm pretty red too right now, avg for GRAF is 4.24, averaged down from 4.71.

[thatsnarf]

OPES and GRAF crew.

OPES bleeding out like 1% each day... -_-. my account looking red as fook right now

you aint in opes crew yet. i'll register you.

opes crew

1) thatsnarf
2) topperstyle
3) adamsz
4) robparks2m
5) tugofpeace
6) harry362
7) throwaway
8) chino3
9) twovalvekid
10) game1990

[LurkoLantern]

What are the lessons to gleam from the OPES debacle? Were there any price indicating red-flags that should have been picked up?

[ajctennis]

I pulled out of of OPES when I saw their financials and that they only had about 3 mil ebitda and barely any corporate stores.

1. They were one of the few available spacs at the time. The second there were more SPACs, capital left OPES and flooded to the others.

2. SPAC investors don’t seem to be long term holders. If there’s a pop best to get out and you can always renter. Only case where this didn’t work was shll which exploded when Barron’s released an article.

3. Competition is picking up. It’s all about getting into spacs at the ground floor while warrants are in the 1s so downside is limited.

[Heaney]

What are the lessons to gleam from the OPES debacle? Were there any price indicating red-flags that should have been picked up?

Main thing I think was the valuation was terrible. Chutes should have been pulled as soon as that 30M valuation came out

[nickh04]

OPES and OPESW crew
GRAF crew
LHC crew
SHLL crew

[LurkoLantern]

First off, this thread is a good idea as the main investing/trading thread keeps getting hijacked and derailed.


Yeah you were on top of this immediately. 30 million revenue versus 140 million that people initially thought is obviously a huge discrepancy. But I think the main thing weighing on OPES is COVID overhang. Most of their stores are in Florida and Florida is shutting things back down. Now having said that, OPES should get at least one more pop when they finalize the deal and announce the ticker change. I would expect that in early to mid August.

Best return on money is shifting over to warrants in SPACs closest to naming their target. What I'm doing is getting a few hundred shares of the underlying and as many warrants as possible. I mentioned CFFA on Thursday and their warrants were up almost 50% yesterday. HCAC is another soon to announce. CCX and CCXX are also close. FEAC still has some time but that is almost a slam dunk (team that did DKNG and have 600 million to work with).

Regarding FEAC, isn't the "slam dunk" already priced in? It feels bizarre to see warrants for unnamed targets being >$4 already

[Heaney]

Regarding FEAC, isn't the "slam dunk" already priced in? It feels bizarre to see warrants for unnamed targets being >$4 already

Meanwhile GRAF inked a 2B dollar company and warrants are at like 3.40 lol

[Heaney]

Interesting note I've seen a couple places now is that rumours are Fisker will be using Velodyne Lidar

[Humungus]

Interesting note I've seen a couple places now is that rumours are Fisker will be using Velodyne Lidar

Looks like they use Lidar but Quanergy (at least the old Fisker Karma did). Tobin Smith is saying Velodyne, don't see any confirmation.

[Heaney]

Looks like they use Lidar but Quanergy (at least the old Fisker Karma did).

Yeah they used Quanergy previously. Don't have a concrete source on Velodyne being used in "new" Fisker but have seen it on stocktwits and reddit so far along with a "claimed" source but who knows.

[ajctennis]

Yea, at this point makes no sense to hop onto FEAC warrants. If it's a strong company, similar or more upside on the shares at 11 then warrants at 4, and far less downside.

Regarding FEAC, isn't the "slam dunk" already priced in? It feels bizarre to see warrants for unnamed targets being >$4 already

[matiemcgee123]

1st page boyos. Been in since vtiq, excited to continue the journey

[RobParks2M]

OPES gang. Luckily not super invested, but there is going to be big growth incoming in the next couple years so I think the warrants will definitely be worth it. I think corporate will start getting a bigger piece of the pie in regards to locations that are franchised out. Of course this is assuming that COVID doesn't fuk them over too hard.

EDIT: Also, I am floored their warrants have held up as well as they have. Technically their intrinsic value is closer to $1. I'd be stoked if I could get my average cost closer to $2 a warrant.

[thatsnarf]

OPES and OPESW crew
GRAF crew
LHC crew
SHLL crew

opes crew pending: reason - "tradie status" (will hold member vote)

opes crew

1) thatsnarf
2) topperstyle
3) adamsz
4) robparks2m
5) tugofpeace
6) harry362
7) throwaway
8) chino3
9) twovalvekid
10) game1990
11) nickh04 (pending)

[Heaney]

opes crew pending: reason - "tradie status" (will hold member vote)

opes crew

1) thatsnarf
2) topperstyle
3) adamsz
4) robparks2m
5) tugofpeace
6) harry362
7) throwaway
8) chino3
9) twovalvekid
10) game1990
11) nickh04 (pending)

King tradie here watch out your comments bro

[Harry362]

Just ordered from a ghost kitchen called it’s Just Wings. 32 wings, curly fries, and fried oreos. Fukkkkk

Burger Fi OPES is helping pioneer ghost kitchens already 2 in Miami. This is still a long term hold for me.

[thatsnarf]

King tradie here watch out your comments bro

you vouching for him or not?

[Harry362]

OPES delisting notice but they responded to it. How common is this in other spac? You think we good?

[wampa]

Are you guys in SPAQ?




Apollo-Backed Blank-Check Company Surges 71% on Possible Fisker Deal

Spartan Energy became something of an overnight sensation Thursday after Reuters reported that it was leading a bidding war for carmaker Fisker Inc. Spartan’s stock has now gained as much as 71% in the course of two trading sessions, pushing its market value above $1 billion for the first time and mirroring the meteoric rise of Nikola Corp.

https://www.bloomberg.com/news/artic...le-fisker-deal

[adamsz]

obviously a lot of SPACs are all about hype but lmao @ fisker. All I remember about that company is there was a scandal during hurricane Sandy where a bunch of their cars caught on fire

obviously that was a long time ago, but lol at this youtube vid i just found




EV has a ton of hype though piggy backing off Tesla

[Heaney]

obviously a lot of SPACs are all about hype but lmao @ fisker. All I remember about that company is there was a scandal during hurricane Sandy where a bunch of their cars caught on fire

obviously that was a long time ago, but lol at this youtube vid i just found




EV has a ton of hype though piggy backing off Tesla

Yeah their cars were a ****show. Google "fisker reviews" and its pages and pages of trashing their cars lol

[ko5567]

OPES delisting notice but they responded to it. How common is this in other spac? You think we good?

The non compliant notice is for holding an annual shareholder meeting which is an easy fix. Getting a non compliant notice isn't rare and isn't that big of a deal for something that small. You can see a list of other non compliant companies here https://listingcenter.nasdaq.com/non...mpanylist.aspx

[topperstyle]

In!

[ajctennis]

Here's one I'm thinking of. From the team that did CCH/UTZ, they have a new spac called PCPL. Looks like warrants/units/shares are dirt cheap and not posted on stocktwits yet. But would probably be a longer hold.

https://www.prnewswire.com/news-rele...301048496.html

https://cc.capital/

[Heaney]

Ackman's SPAC goes public this week. Seems to be priced pretty high out of the gate compared to every other SPAC

[ajctennis]

Yea, I'd buy but I just don't see myself being able to get there first. The price will soar on opening followed probably by a dump.

Ackman's SPAC goes public this week. Seems to be priced pretty high out of the gate compared to every other SPAC