Official Spac Thread

[RoyalRyy]

What's the play with you CCIV folks? Sell on the news they merge and then get back in at a later date?

Hmm one more thing - I'm not too familiar with this SPAC, but do you know when we might see a DA/LOI? And to be clear, the only reason it's shot up from $20 to $27 is a rumor, so if it turns out that the rumor is false, this will do a straight drop down to $20? If so I may have to reduce my position because I can't afford the loss that would come with both CCIV and PSTH rumors being false.

As far as I know, if this doesn't fall through it'll probably drop back down to 10-12 instantly.

[Heaney]

What's the play with you CCIV folks? Sell on the news they merge and then get back in at a later date?



As far as I know, if this doesn't fall through it'll probably drop back down to 10-12 instantly.

Idk if it'd drop that far anymore, lots of big money bought in the mid 20s, we'd likely see a bottom of 14-15 short term and then maybe a bleed down.

[SazabiBrah]

Hiyoo was saying the floor is $20 though?

What I'm gleaning is that this is basically an identical situation to CCIV - both SPACs are waiting on LOI/DA and if that doesn't happen, they will drop down close to their NAV ($10 for CCIV, and $20 for PSTH).

no the floor is $10. Maybe he's talking about the "current" floor, since the price right now is stable around $20. But with no merger it will drop to $10

[Heaney]

CCIV currently on a moon mission.

[RoyalRyy]

Idk if it'd drop that far anymore, lots of big money bought in the mid 20s, we'd likely see a bottom of 14-15 short term and then maybe a bleed down.

I hope that's true. Would give me time to get out since I'm in at 14.60 lol. I have faith the deal will come together just planning for the worst.

[SazabiBrah]

It's $20, its the largest SPAC ever that's in the billions, only SPAC with the floor @ $20. Google this.

I was referring to CCIV in particular, I didn't know about the other SPAC

[MountainLion84]

Anyone feel like this Robinhood debacle is going to push users to IPOE (SoFi), especially seeing how that Chamath guy supported the WSB people?

[NoScrubz]

Anyone feel like this Robinhood debacle is going to push users to IPOE (SoFi), especially seeing how that Chamath guy supported the WSB people?

Damn saw this post earlier and was gonna buy but now it popped. Looks like it pumped because of Chamath's tweets earlier

[MountainLion84]

Damn saw this post earlier and was gonna buy but now it popped. Looks like it pumped because of Chamath's tweets earlier

I had an order ready to go for $20.03 but the trading session ended before I could get it in.... now it's $23.70 AH

FML

[Heaney]

FUSE/Moneylion must be a little disappointing for everyone who thought they were getting BlockFi

[MountainLion84]

FUSE/Moneylion must be a little disappointing for everyone who thought they were getting BlockFi

BlockFi was the dream but I thought that wasn't realistic.....

I'll be selling early tomorrow after the rumor pop and hope to get into IPOE

[RobParks2M]

LMAO fuk yes my CSP on IPOE will be getting cashed EZ

I loaded the boat on FTCVU the last couple days. Hope to fuk they get blockfi. I've got DLACU and FTCV too

Back in on shares for CCIV. Ready to hunker down and wait, but got 10 G's ready n waiting first drop to $15-18. Assuming no rumors of deal being off I'll use margin after that

[SavoyBrown]

The investing threads got way too much traffic to keep up now haha

Might add some more CCIV tomorrow if it doesn't start running right away. Everyone will probably fomo before the weekend. Got some Feb 19th calls I'll probably unload sometime next week depending how things are looking.

Momentus (SRAC) ceo stepped down, but still involved. Should be good for the stock as having a russian ceo was an issue for security apparently. Only have 100 shares atm but will be watching and might reload longer dated calls before ark space etf comes out. Its come back to earth after ark announced they would create the space etf.

I think this whole gme thing will pay dividends for all Chamath's ipos. Even if its dumb money following, it will still help pump. Holding IPOF until targets announced.

[RobParks2M]

FTOC finally starting to move in the right direction. I kept buying 100 shares every 50 cent drop...wasn't having a good time lmao

[Harry362]

FTOC finally starting to move in the right direction. I kept buying 100 shares every 50 cent drop...wasn't having a good time lmao

funny

Just added 385 shares at 12.40 in my IRA

[RobParks2M]

funny

Just added 385 shares at 12.40 in my IRA

I sold some in the upper $13s

I've been rebuying in the 11.6-12.5 range. up to 600 atm. Been buying FTCV too.

[SazabiBrah]

I'm sick of the market right now. BFT, CCIV, FTOC, all down.

AMD/CRSR also down big.

CCIV should pick up starting a couple hours before market close. People are going to buy in due to FOMO of a merger Monday

[SazabiBrah]

RH apparently limiting orders of CCIV to 1 share now lmaoooo

[Heaney]

RH apparently limiting orders of CCIV to 1 share now lmaoooo

Just saw this. What in the world.

[SazabiBrah]

Just saw this. What in the world.

I wonder.... are they implying a merger is imminent?

[Heaney]

I wonder.... are they implying a merger is imminent?

I think its likely because CCIV has a large social media mention presence as well? Idk, all I know is that it seems to be positively affecting the pricing so IDC.

[Heaney]

Kind of amazing CCIV has closed over 21 every day this week, almost 3 weeks since the bloomberg report. One of the strongest floors on a spac I've seen to date.

[RobParks2M]

I wonder.... are they implying a merger is imminent?

No implies volatility is too high. IMO RH is insolvent as fuk due to costs associated with clearing. I don't fully understand costs, but it sounds like their fees go up exponentially when volatility is high and GME IV has been over 600 this week. I heard RH could legitimately go under this weekend as they try to sort out what happens with all the GME options in play. Robinhood is legit retarded and unable to properly figure out their risk management. There are probably a fukload of dimwits with 100C options that expired today on that platform. They probably got exercised and don't come remotely close to having enough $$$ to cover the costs of shares. If GME sinks Monday at the open RH is probably legitimately fuked.

This platform is afterall responsible for the infinite money loop (margin)

[Heaney]

Thinking if Lucid confirms I'm going to trade in my commons for warrants.

[RobParks2M]

Thinking if Lucid confirms I'm going to trade in my commons for warrants.

Why? genuinely curious because I already started buying some.

[Heaney]

Why? genuinely curious because I already started buying some.

Warrants usually have a much greater gain percentage than commons, the only reason I went into commons to begin with was the 25% downside protection on my position incase they don't end up announcing. In hindsight I'm a fukin idiot because when I had them queued up my average would have been 3.69.

[Heaney]

Wont you miss the gain on warrants if youre buying them after lucid confirms?

If you think that the share price will not increase from the day of the DA announcement forward, yes. I expect it to act more like SBE, nice spike on DA day then pull back when profits get taken and then a huge rip up.

[RoyalRyy]

Thinking if Lucid confirms I'm going to trade in my commons for warrants.

So since I'm new to investing, I've been trying to learn about lots of stuff and was looking into warrants and was hoping you could explain. I went into the CCIV sec filings to get the details and they state "We structured each unit to contain one-fifth of one warrant, with each whole warrant exercisable for one share of Class A common stock". So you have to buy 5 warrants just for it to equal 1 share and where does the exercise price of $11.50 come in? Would it be essentially $41.15 ($8.23 current closing price x 5) + $11.50 = 1 share of stock? It sounds crazy high so I think I'm understanding it wrong.

[Heaney]

So since I'm new to investing, I've been trying to learn about lots of stuff and was looking into warrants and was hoping you could explain. I went into the CCIV sec filings to get the details and they state "We structured each unit to contain one-fifth of one warrant, with each whole warrant exercisable for one share of Class A common stock". So you have to buy 5 warrants just for it to equal 1 share and where does the exercise price of $11.50 come in? Would it be essentially $41.15 ($8.23 current closing price x 5) + $11.50 = 1 share of stock? It sounds crazy high so I think I'm understanding it wrong.

Nah that means if you buy CCIV.U you get one full share and 20% of a warrant. Each full warrant is redeemable for one full share. Just means if you buy CCIV.U you need to buy in multiples of 5.

If the warrants are 9 bucks say then your redemption price is 9+11.50 to get one full share.

[RobParks2M]

Nah that means if you buy CCIV.U you get one full share and 20% of a warrant. Each full warrant is redeemable for one full share. Just means if you buy CCIV.U you need to buy in multiples of 5.

If the warrants are 9 bucks say then your redemption price is 9+11.50 to get one full share.

Heaney IMO stick with commons. Look at SBE. Commons @38 warrants $18...

CCIV: if commons double to basically $40 warrants will basically double...to $17 Gains won't be exponentially higher so why bother right? Or do you think since warrants are more rare (1/5 vs usual 1/3) that they'll appreciate more?