Official Spac Thread

[RoyalRyy]

Two spacs I wish I hadn't of missed were ACTC and IPOE.

Yeah **** happens. I'm hoping once IPOE is taken care of Chamath is gonna focus his attention on IPOF. Only a matter of time bros.

[Heaney]

Yeah **** happens. I'm hoping once IPOE is taken care of Chamath is gonna focus his attention on IPOF. Only a matter of time bros.

I have an order in AH for more IPOF+ not sure if it'll hit though. I really doubt Chamath brings a shiet deal to the market, he's too much of an egomaniac.

Tweet out from his podcast today saying no pod this week but there might be a "special drop 😉" next week so I'd bet we see something IPOD or IPOF related sooner than later.

[RobParks2M]

I'm hodling a fair chunk of MAAC warrants, any idea if its worth continuing to hodl? It ran from 90c to $1.50 on news of merger with Roivant (for Q3 2021) and now back to $1.30.

My avg is $2.

Just wondering if it's worth taking the loss and DCA into IPOF+ / PSTH+ or even BWAC+ which has to be at floor RN.

I'd consider shifting to something else that might see a pop. There won't be any more catalysts for MAAC. biopharma companies aren't that glamorous and their 2 phase 1 trial meds statistically may never make it to market (something like 1 out of 3 in phase 1 get through and eventually make it to market). Despite their relatively high marketcap they should still be considered a moonshot IMO unless you know someone in industry who is certain they'll be acquired. I'm not even sure what they think they'll do with the $$$. Getting one drug through the trials 1-3 can cost up to 1 billion dollars.



I'm hoping SPACs start getting a little hype here soon and it seems Rawlson is willing to put in some work. Lucid is dropping a big announcement commercial while Musk is on SNL tonight which hopefully will be entertaining.

Chamath teasing a news drop this coming week which might just be IPOE news or could hopefully be dam good IPOF news.

GIK redeemers are also finally getting their money back, some other big name spacs are finally merged/merging so this should hopefully start pushing at NAV spacs back away from the $10 line up closer to $10.50 or $11 hopefully. Everything starting to set back in motion so hopefully we see a little pent up news come through and money start flowing back to new exciting companies coming public via spac. Inflation is seriously going to get insane so valuations aren't going to matter before too long.

[Heaney]

So based on the Reuters article IPOF would own 45% of Equinox? Even with it being a non sexy target I don't see how that's not bullish for investors. 1.15B trust plus 2B PIPE at an EV of 7.5B.

Also surprising to see Chamath able to get 2B in PIPE for a company that apparently everyone online hates.

[RobParks2M]

So based on the Reuters article IPOF would own 45% of Equinox? Even with it being a non sexy target I don't see how that's not bullish for investors. 1.15B trust plus 2B PIPE at an EV of 7.5B.

Also surprising to see Chamath able to get 2B in PIPE for a company that apparently everyone online hates.

is it an added 2b pipe or 2B going to company total?

[Heaney]

is it an added 2b pipe or 2B going to company total?

"With the PIPE investment potentially reaching 2B"

I read that as an additional 2B in PIPE.

[ajctennis]

I wouldn't touch PSTH. Possibly IPOF if it comes down a little. I personally have plenty in BWAC so not adding there. There are other spacs to buy with warrants at 1.1 or below that are pretty good. I've held all of my MAAC but debating selling it at 1.5. Im trying to find out more information on the company. While I've heard good things so far not sure if it will move quickly at this point. We'll see.

I'm hodling a fair chunk of MAAC warrants, any idea if its worth continuing to hodl? It ran from 90c to $1.50 on news of merger with Roivant (for Q3 2021) and now back to $1.30.

My avg is $2.

Just wondering if it's worth taking the loss and DCA into IPOF+ / PSTH+ or even BWAC+ which has to be at floor RN.

[RobParks2M]

Lots of DA's dropped today. Interested to see what price action does.

[Heaney]

Lots of DA's dropped today. Interested to see what price action does.

HCIC not doing anything on Plus AI DA which more or less signals the death of speculative EV da's

[RobParks2M]

HCIC not doing anything on Plus AI DA which more or less signals the death of speculative EV da's

There is that one ^

SWBK taking scooter company BIRD public at 2.3 Billion which is going to get shorted to 0 real quick.

STPC taking Benson hill public- no idea if the deal is good or not.

LivK- agilethought going public. Deal might be decent for a digitial solutions company valued at 500M with 120M in cash.


Vice rumored to be coming out with a DA pretty soon.

[RobParks2M]

Can anyone explain why there aren't $10C options for IPOF in Aug/Sept expirations??? I don't understand why there are gaps there...

[Heaney]

Can anyone explain why there aren't $10C options for IPOF in Aug/Sept expirations??? I don't understand why there are gaps there...

Think spac options are determined by volumes so likely not enough interest

Along those lines, think I'll continue to try and average down on my position. The more tech craters the more I see a strong reopening play being a great long term buy IF the valuation is right. I'll puke if it's something like 9B though. My benchmark would be Planet Fitness's market cap @7B. Equinox has more revs (over 2x pre pandemic) and less debt on the books (1.1B vs 1.6B).

[Heaney]

There is that one ^

SWBK taking scooter company BIRD public at 2.3 Billion which is going to get shorted to 0 real quick.

STPC taking Benson hill public- no idea if the deal is good or not.

LivK- agilethought going public. Deal might be decent for a digitial solutions company valued at 500M with 120M in cash.


Vice rumored to be coming out with a DA pretty soon.

That projected revs graph for agile is pretty rough, basically no growth the next 4yrs......but its still better than the garbage exponential growth that Plus is claiming.

[ajctennis]

Yea anything that is speculative tech I would not be in atm, the rotation has been brutal. I sold everything out of Altu and positioned over to some other spacs.

OACB- Anything in the 1.1 or below range is a buy. Extremely strong sponsor that will definitely get a deal done.

Obviously in BWACW

JWSM- Barry has been doing very well. I like his warrants at 1.1 or below as well. Easy buys.

MAACW ive held 90% of them. Someone clearly likes Roivant as there have been lots of buying on the warrants. I'll hold for now.

In VSPR/ Now SKIN. Was a magnificent play where I bought before merger.

In a couple other spacs that are focused on consumer goods & industrial. Not touching anything that has a space target or is speculative tech at this point.

[RobParks2M]

Yea anything that is speculative tech I would not be in atm, the rotation has been brutal. I sold everything out of Altu and positioned over to some other spacs.

OACB- Anything in the 1.1 or below range is a buy. Extremely strong sponsor that will definitely get a deal done.

Obviously in BWACW

JWSM- Barry has been doing very well. I like his warrants at 1.1 or below as well. Easy buys.

MAACW ive held 90% of them. Someone clearly likes Roivant as there have been lots of buying on the warrants. I'll hold for now.

In VSPR/ Now SKIN. Was a magnificent play where I bought before merger.

In a couple other spacs that are focused on consumer goods & industrial. Not touching anything that has a space target or is speculative tech at this point.

Yup never wanted anything to do with EV (except CCIV ayyy lmao!), space, or anything else not making money.


STILL can't believe people would be upset about a luxury fitness group being taken public by Chamath in this environment. Seems great relatively

[ajctennis]

I think it's great. If valuation is cheap and warrants drop ill go balls deep. But seems unlikely to drop below 1.5.

Yup never wanted anything to do with EV (except CCIV ayyy lmao!), space, or anything else not making money.


STILL can't believe people would be upset about a luxury fitness group being taken public by Chamath in this environment. Seems great relatively

[Heaney]

STILL can't believe people would be upset about a luxury fitness group being taken public by Chamath in this environment. Seems great relatively

Exactly, this is really all that matters though at the end of the day.

https://fintel.io/so/us/ipof

I expect this number to increase substantially on a DA with a solid valuation.

[RobParks2M]

Thanks boyos.

Sold out of PSTHW with a 11k loss and going to want around to see what happens with MAACw but will most likely also dump this for a 6k loss. Im hopeful of recovering these relatively small amounts through crypto **** coins.

That will just leave my terribly depreciated IPOF and BWACw.

Yeah new public company hype is entirely gone and this chart proved it for me.




That said, inflation is still going nuts so perhaps after things cool off some stuff starts to come back who knows.


Thank god I didn't start using options...I thought about it for a hot minute.

[NoScrubz]

Still hanging in brahs. Fuark IPOF is at the floor anyone adding?

[RobParks2M]

Still hanging in brahs. Fuark IPOF is at the floor anyone adding?

I freed up 5,000 yesterday. Had I woke up at the open I might have at <9.90.

Not sure what to do rn so not really adding or selling anything.

[RoyalRyy]

Still hanging in brahs. Fuark IPOF is at the floor anyone adding?

Gonna add 500 more at 1.57. If it fills, great. If it doesn't I'll still be able to sleep at night lol.

[Heaney]

Still hanging in brahs. Fuark IPOF is at the floor anyone adding?

I added 500 warrants at 1.60 this morning.

[MountainLion84]

Just read the SWBK/BIRD news

I lost this one, cut bait on my 1000 Units?

[Heaney]

Just read the SWBK/BIRD news

I lost this one, cut bait on my 1000 Units?

Multi-billion dollar scooter company....who knew.

[ajctennis]

Definitely sell. Bird is a terrible target.

Just read the SWBK/BIRD news

I lost this one, cut bait on my 1000 Units?

[MountainLion84]

Multi-billion dollar scooter company....who knew.

Ridiculous.... oh well, $1,400 lose if I sell at current price tomorrow.

Cash on the side doesn’t sound so bad though right now.

[RobParks2M]

Ridiculous.... oh well, $1,400 lose if I sell at current price tomorrow.

Cash on the side doesn’t sound so bad though right now.

Yeah that valuation is absolutely trash. blows my mind they thought that was going to be even moderately well received after the last few months.

[adamsz]

so I split some units recently on my ToS account and it made me think:

once they're split, it shows my cost basis as zero on the resulting warrants and commons, and shows the YTD P/L as if I acquired them for $0

when I sell the warrants or commons, am I getting taxed on them as if I paid $0 for them?!? Since it doesn't seem to take into consideration the cost basis from when they were bought as a unit, this got me thinking...

[Heaney]

looks like im gonna hold all my spacs, gonna be all long term plays, not expecting DA pops anymore.

SRNG - ginkgo syn-bio tech company at 17.5 bil - conference call if interested - https://kvgo.com/openexchange-inc/gi...orks-call-2021

IPOF - if it's equinox not a bad recovery play but really depends on valuation.

PSTH - bill just said it's not a restaurant hence 5% bump just now. he found a company just waiting for DA. so bloomberg/stripe are still on the table

gl brahs

Don't wanna be a wet blanket but Ackman saying they're in talks with an "iconic" company pretty much ends all hope of Stripe. Likely Bloomberg if I were a betting man.

[Heaney]

at least subway/starlink conspiracies are out. im cool with bloomberg or anything boomer related esp in the current market.

Exactly. Crazy times, stocktwits/reddit still seem to be infatuated with spacs getting tech companies which seems absurd right now. The two best performing DA spacs right now are WeWork and TOPPS sports cards. Every tech spac is getting rekt, eToro is getting close to nav, SRNG under nav etc.