Official Spac Thread

[Heaney]

believe the merger deadline is EOM or end of this quarter hard to find any thing substantial backing that up though. definitely wouldn't want money tied up for longer than a month

Just looked up some of the details

No merger date set but they say Q4

Company valuation is 16B market cap at 10/share after merger dilution (this is why the stock is so low IMO as RKT is 40B cap with like 3x-4x the revs)

[Heaney]

how come you haven't been into warrants for snpr?. The warrants have been reasonably volatile moving 10 to 20% usually per day but generally ending up back down around$2

Honestly no excuse other than I'm too lazy to try and fuk around doing that while also being at work where I can not have access to my phone for periods of time.

[Casser1242]

I think IPOB is the next up and coming SPAC play. Vote is locked in for 17th of December. Its easily going past $30. Start to load the boat next week.

[Heaney]

Every spac straight moon mode on merger now lmao.....no revenue or product no problem here is your ticket to the moon.

[ajctennis]

Little late to the IPOB boat imo. That was the play a week or so ago, now warrants are $8. I do think its one of the top spacs but frankly I don't want to touch it at 21$ a share even if it does have a chance of going to $30. I'd have to look at the pipe.

I think IPOB is the next up and coming SPAC play. Vote is locked in for 17th of December. Its easily going past $30. Start to load the boat next week.

[mike.hunt]

GHIV getting some action now thanks to LAZR glad I jumped in this morning.
Shoulda bought LAZR too

[Casser1242]

Every spac straight moon mode on merger now lmao.....no revenue or product no problem here is your ticket to the moon.

Seems that way. SPAC's are hot property again. Just look for the next one to double up lol.

Little late to the IPOB boat imo. That was the play a week or so ago, now warrants are $8. I do think its one of the top spacs but frankly I don't want to touch it at 21$ a share even if it does have a chance of going to $30. I'd have to look at the pipe.

It is pricey I agree. I will be buying up shares soon anyhow. Its going to moon once the merger is locked in. OpenDoor is actually a decent company as well regardless.

[Hoop_Dreams]

SPACs got wrecked today. Sold SBE and GMHI at the right time and put the profits into IPOD, IPOE, and IPOF.

Sold GMHI too early. Feelsbadman. Profit is better than no profit.

LGVW and TRNE only two SPACS I'm in right now. Second guessing if I should be holding some of these long term now.

[Heaney]

Lumimar trading at 59x 2023 projected revs
Velodyne trading at 5.8x 2023 projected revs


This has gotta be the biggest head scratcher for me in SPACville to date.

[adamsz]

Sold GMHI too early. Feelsbadman. Profit is better than no profit.

LGVW and TRNE only two SPACS I'm in right now. Second guessing if I should be holding some of these long term now.

I just sold TRNE today when it hit $15. Been holdin it for months and months, through the huge SPAC downturn, and the patience paid off - made a nice $4500 on it.

I had set out a game plan some months ago that I was gonna liquidate most my holdings in October/November and sit out trading until the election was over and a new president sworn in because of how crazy this year has been. More or less followed through with that, and TRNE and LCA were the last SPACs I had in my portfolio. Didn't see a merger date announced on TRNE and because there is still a little potential for chit to go sideways in terms of the election decided to just liquidate it and lock in my profits now while I could. LCA on the other hand actually has a merger vote date announced, so holding onto that until closer to then and assuming it should keep going up.

Edit: I’m also holding psth, not a crazy amount tho

[Heaney]

GIK starting to come alive, hoping this pops soon because I have way too much tied up here for how non bullish I am on them.

[Heaney]

LAZR is grossly overvalued but the perception is they have more cutting edge tech than VLDR. There are like a million lidar companies though, hard to see all these companies making it..

They did until Velodyne released velarray which is solid state like luminar except much more scalable given Velodyne's production capacity compared to Luminar's. I think velodyne is just shiet at PR.

Pretty sure there's even a new one coming out via SPAC too but I forget what its called, Aveia or something like that. Way too many lidar companies for sure

[Humungus]

Pretty sure there's even a new one coming out via SPAC too but I forget what its called, Aveia or something like that. Way too many lidar companies for sure

There's a fourth one about to announce called Innoviz going with pivoting weed SPAC CGRO.

[Heaney]

There's a fourth one about to announce called Innoviz going with pivoting weed SPAC CGRO.

Jesus christ.

Anyone else just been in the spac zone the last couple weeks? My port has gone from 56K to 79K in the last 2 weeks during this spac revival.

[Heaney]

Yeah this chit is bananas. Feels like we've found a cheat code. Even OPES and HCAC are running.

I keep thinking to myself "is spac warrant trading really this easy or am I gonna get rug pulled hard". Seems like too easy of a formula to buy around 2 and sell on DA pop for min 40% gain.

[Heaney]

and just as anticipated it's jumped 20% again.. and I missed the boat.

Currently have 26k on the sidelines and looking for my next play.

Did anyone notice the JayZ affiliated weed SPAC? Reads like some sort of ponzi. https://www.msn.com/en-us/money/comp...es/ar-BB1bkjsS

Yeah gonna go ahead and sit out a Jay Z weed spac that revolves around like 4 different companies being bought out by eachother lol. Not sure what my next play after GIK will be, I do really want in QELL but fuk me theyre priced so high

[topperstyle]

Opes crew

[Heaney]

Anyone look into BTWN, its Peter Thiel's spac so its likely going to be a banger based off his past/current successes.

[ajctennis]

Could go into the other food spac - FST, way safer on the share side.

Oh Lawd boys, lawd. I've gone from 37k to 88k in the last 6 weeks on my spac account.

wonder if it's still too late to get in. don't wanna get burned twice lulz

[ajctennis]

I'll have to take a look at this, from what I've heard its a Hong kong spac? That makes me more nervous. I do have a couple of spacs I'm considering that I'll share once I've done more research.

Anyone look into BTWN, its Peter Thiel's spac so its likely going to be a banger based off his past/current successes.

[Harry362]

BFT merging with Paysafe fintech company

In for 1000 shares at $12.40


also got 1000 shares of AACQ at 10.60 AH. I read something about suspicious activity and its a Fintech target possibly SOFI. Im jelly of all the SPAC gains in the last few months I've been off of these since OPES dumped

[Heaney]

BFT merging with Paysafe fintech company

In for 1000 shares at $12.40


also got 1000 shares of AACQ at 10.60 AH. I read something about suspicious activity and its a Fintech target possibly SOFI. Im jelly of all the SPAC gains in the last few months I've been off of these since OPES dumped

Welcome back to the darkside

[Casser1242]

Well looks like IPOB is now going to the moon.

[Harry362]

The amount of SPAC around is overwhelming

[Heaney]

The amount of SPAC around is overwhelming

Find management teams that are legit for long plays and meme industries for short plays is my motto. I'm long on SNPR but have pumped and dumped random dog shiet ev spacs.

[Harry362]

Already loaded on BFT and AACQ

Looking at GSAH and APSG they are close to floor price and people on r/spac say they could be potential SOFI merger


Im slammed at work in urgent care right now so its hard for me to research things might just buy 10k of each

[Harry362]

Picked up 1000 shares of GSAH

[Harry362]

should have chosen THCB fuark

[ajctennis]

Too bad, was thinking DMYD as my next play. Unfortunately capital tied up and already started to pop. What I am thinking for my main account and less risky plays is HYAC. Solid company with good growth prospects. dirt cheap, 70% institutional capital in it and will see gains. Will hold until warrants are called although will most likely be a 2-3 year play.

HYACs other spac from awhile ago - One spa world- great recovery play. They do spas for the cruise lines and are essentially a monopoly. While cruise lines have been impaired, one spa has been able to reduce spending tremendously and will be in a great position once cruising is back.

[Heaney]

should have chosen THCB fuark

Yeah I'm ragreting selling out of that last week for sure.

Was looking at VGAC as my next play but got damn almost $3 warrants without so much as a rumor.