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Arzakon posted:SCVX ($230M) is probably going to need a big PIPE to take a sizable chunk of SentinelOne (November Valuation $3.1B). https://twitter.com/chamath/status/1363571801289154560?s=20 Papa Chamath can u hear me calling?
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Feb 22, 2021 01:51
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i do that every morning but you dont see me tweetin
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Feb 22, 2021 02:03
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Mr. Pizza posted:i do that every morning but you dont see me tweetin  e: VVV Look him up. XYZAB fucked around with this message at 02:25 on Feb 22, 2021 |
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Feb 22, 2021 02:15
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I do not know who this guy is really but I appreciate the amount of Twitter followers gained being listed next to all that other stuff
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Feb 22, 2021 02:19
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Didn't Chamath call out a fund manager for marrying a trophy wife...only to divorce his own wife a year later to get himself a trophy wife?
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Feb 22, 2021 02:21
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Tortilla Maker posted:Didn't Chamath call out a fund manager for marrying a trophy wife...only to divorce his own wife a year later to get himself a trophy wife? This is my DD to predict he comes in and steals Lucid from Klein.
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Feb 22, 2021 04:05
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Handen posted:https://twitter.com/chamath/status/1363571801289154560?s=20 This is the exact thought I had but everyone else is hoping he fucks up Lucid.
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Feb 22, 2021 04:15
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Handen posted:This is my DD to predict he comes in and steals Lucid from Klein. Originally I picked up IPOF on this rumor as a hedge for CCIV but as CCIV has gone up I haven't increased my IPOF position so the hedge isn't as complete now (I guess)?
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Feb 22, 2021 04:18
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In one of the spac discords, there's an ex analyst named anpanman who actually knows what he's doing. He put down some words of wisdom here. https://docs.google.com/document/d/14P5WqiK8-XGTYxSTOAbk2-XL1kqHoUk_U1RxFTejo_M/edit?usp=sharing
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Feb 22, 2021 04:30
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Really well articulated, and it echoes a lot of the main points of our strategy. It's a nice piece of confirmation that we're on a good path.
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Feb 22, 2021 04:33
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That was a good read and it was easy to understand. Thanks for sharing it.
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Feb 22, 2021 04:35
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GrandmaParty posted:In one of the spac discords, there's an ex analyst named anpanman who actually knows what he's doing. He put down some words of wisdom here. Good read. Thank you.
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Feb 22, 2021 04:35
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GrandmaParty posted:In one of the spac discords, there's an ex analyst named anpanman who actually knows what he's doing. He put down some words of wisdom here. This is good, maybe it could get added to the OP?
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Feb 22, 2021 05:10
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GrandmaParty posted:In one of the spac discords, there's an ex analyst named anpanman who actually knows what he's doing. He put down some words of wisdom here. This is the way.
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Feb 22, 2021 05:26
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Is there a preferred brokerage for investing in SPAC's?
Divot fucked around with this message at 06:09 on Feb 22, 2021 |
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Feb 22, 2021 05:27
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GrandmaParty posted:In one of the spac discords, there's an ex analyst named anpanman who actually knows what he's doing. He put down some words of wisdom here. This almost makes it seem like free money, which is probably not sustainable in the long run. Anyway, my ALTU shares jumped 24% since I last checked on Thursday and I can't for the life of me work out why. gently caress these things are fun.
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Feb 22, 2021 11:05
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I'm significantly reallocating to SPACs. Just can't shake this feeling like the markets going to implode any minute?
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Feb 22, 2021 12:41
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OK you all talked me into picking up some SCVX premarket, let's go rumors!
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Feb 22, 2021 13:52
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Divot posted:Is there a preferred brokerage for investing in SPAC's? I switched to Fidelity specifically because there are no fees for unit splits. Pretty good interface, never blocked me from buying GME or any other nonsense.
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Feb 22, 2021 13:57
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Pershing Square Tontine Holdings (PSTH) is super interesting in that it is structured to minimize dilution as well as holding through the merger. It is a 4 billion dollar SPAC run by Bill Ackman that is targeting mature unicorns with wide moats. The sponsor takes no promote and instead will invest $65 mil in exchange for warrants that are twenty percent out of the money and are not saleable or exercisable until three years after the merger. The warrants are also much smaller at 1/9 warrant per unit. Holders that redeem their units pre-merger will also have to forfeit their warrants (which is uncommon in SPACs). If you hold through merger then you get the warrants that were forfeited from redeemers. From the prospectus: "We believe that this incentive structure is better aligned with our stockholders and potential merger partners, substantially less dilutive than typical incentive arrangements in other blank check companies, and therefore will be more attractive to potential investors in this offering." PSTH is already 50% above NAV so I'm not going to throw any money into it but it will be interesting to see if this catches on with newer SPACs now that there is so much competition. Source: Stanford/NYU Law https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3720919. This is a great article in general about the risk of SPACs and how most pre-merger action is run by a small group of SPAC focused hedge funds that exit via share redemptions or selling the shares to bagholders.
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Feb 22, 2021 14:06
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Oof. Faii burned me bad.
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Feb 22, 2021 15:09
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GrandmaParty posted:Oof. Faii burned me bad. Looks like management at least recognizes the disappointment: "FVAC II has amended the terms of its founder equity to align with long-term value creation and performance of the Company. FVAC II's sponsor will defer 100 percent of its founder shares in accordance with the following vesting schedule: 33 percent at $12.00 per share, 33 percent at $14.00 per share and 33 percent at $16.00 per share. FVAC II's sponsor will also cancel 50 percent of private warrants."
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Feb 22, 2021 15:18
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What happened to the account announcement? Wasn’t it supposed to be at 9am est?
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Feb 22, 2021 15:22
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NGAC news today which is also a dud, welp
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Feb 22, 2021 15:23
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Pilfered Pallbearers posted:What happened to the account announcement? Wasn’t it supposed to be at 9am est? If you're talking about sentinelone their thing is tomorrow.
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Feb 22, 2021 15:31
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Shear Modulus posted:If you're talking about sentinelone their thing is tomorrow. Ah, yes. Thank you.
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Feb 22, 2021 15:32
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Sold my small position of CCIV so it's clear to launch now.
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Feb 22, 2021 16:02
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Jalumibnkrayal posted:Looks like management at least recognizes the disappointment: Can you link me to where you read this? Interested in that last sentence...
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Feb 22, 2021 16:07
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Edit: oops ignore
Rolo fucked around with this message at 16:54 on Feb 22, 2021 |
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Feb 22, 2021 16:17
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Bought back into CCIV at 37 to see how it goes for the day. So it'll collapse, just fair warning!
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Feb 22, 2021 16:18
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Handen posted:Can you link me to where you read this? Interested in that last sentence... One of the bottom comments in this thread: https://www.reddit.com/r/SPACs/comments/lplv7t/advent_intlbacked_ati_physical_therapy_set_to_go/
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Feb 22, 2021 16:24
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Nosre posted:NGAC news today which is also a dud, welp +6.6% right now, must've taken a minute for news to get out?
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Feb 22, 2021 17:25
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Chamath keeping me green today.
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Feb 22, 2021 17:33
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Got out of CCIV at $63 this morning while I slept thanks to a limit order I placed last night based on the Berlin market price. Thinking I'll roll most of it into bulking up my current positions that are still close to NAV.
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Feb 22, 2021 17:37
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Burn Zone posted:+6.6% right now, must've taken a minute for news to get out? Oh nice. When I posted that in pre-market it was down like 6% so it seemed the news was out and was disliked
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Feb 22, 2021 18:12
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Lot of fear mongering by right wing pundits right now.. I guess the intention is to stir up poo poo about "overheating," inflation and nonsense as a last ditch effort to prevent the stimulus from being passed. As a result we have a but more of an uncertain or down period this week.
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Feb 22, 2021 18:14
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AHAC is up a bit
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Feb 22, 2021 18:14
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Just updated the OP spreadsheet. I took out a bunch of underperforming DAs (ACEV, FTOC, FUSE) as well as some SPACs that IMO are too overpriced to buy on zero news (DMYI, GSAH, QELL). There's plenty of NAV commons and pre-split Units to choose from right now. There's been an unusual number of dud merger targets lately, which makes it more important than ever to get in at a low price. Good luck out there! 
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Feb 22, 2021 18:24
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Thanks for your hard work!
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Feb 22, 2021 18:27
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uh hi IPOF +17%. This can't just be hype from his little tweet
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Feb 22, 2021 18:35
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