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$TPGY deal is now up in the air, definitely a risk now. DAs aren't written in stone! https://twitter.com/RonnieKStocks/status/1394426692727451649?s=19
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May 18, 2021 01:53
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I read the OP What's the difference between SRNG on Robinhood and SRNGU? Did SRNGU "split" and the resulting units became shares of SRNG If SRNG is $9.95 and units return $10 to the holder if/when the merger fails, why is it trading below $10.00? Just people want to get out of it on favor of a > 0.5% gain elsewhere? SRNG is going to take at least 8 months to get the merger completed, probably, right Hadlock fucked around with this message at 11:50 on May 18, 2021 |
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May 18, 2021 11:18
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SRNG is the common share with a $10 NAV. SRNGU is the unit, which is a common plus a 1/5 warrant. So every 5 units will get you one free warrant if you call your broker and split the lot. There may be a few depending on your broker, your portfolio size, or your ability to sweettalk. SRNG has a signed DA with Ginkgo Bioworks so the deal will probably get done in the next 3-6 months.
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May 18, 2021 12:24
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So Robinhood is just selling the common, and hanging on to the warrants for funsies?
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May 18, 2021 12:28
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the cheaper brokers (webull is the same) don't hold on to anything, they just forbid the trading of Units and Warrants entirely, to avoid the complications around splitting/redeeming I assume
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May 18, 2021 13:14
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Sorry if posted already:pre:05/17/21 12:40:07 Arya Sciences Acquisition Corp. III stockholders will be asked to consider and vote upon a proposal to approve and adopt the agreement and plan of merger by and between ARYA, Mako Merger Sub, Incorporated and Nautilus Biotechnology, Incorporated at the special meeting, to be held on 06/08/2021. Arya Sciences Acquisition Corp. III is offering you the right to redeem your shares for cash. The approximate price per share is $10.00, as disclosed in the proxy statement. If you wish to exercise your redemption rights you must: 1. Submit a tender instruction You are encouraged to check the market price for this security before redeeming
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May 19, 2021 04:01
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https://seekingalpha.com/news/3698340-robotic-surgery-firm-memic-is-said-in-talks-to-go-public-through-spacquote:Robotic-surgery firm Memic Innovative Surgery is said in talks to go public through a deal with SPAC Med Tech Acquisition Corp. (NASDAQ:MTAC) I missed this news 5 days ago apparently, or rather this seemingly unsubstantiated rumor? Figuring I'll keep sitting and waiting over here, but if ya'll have any thoughts on the deal I'm all ears.
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May 25, 2021 19:08
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Quietly liquidating my warrants on green days now. Stilling mulling what to do with all these sub-$10 commons though. Don't want to take the L when waiting theoretically at least gets you to the $10 floor, but simple index funds are up like 10+% since the SPAC crash and not rotating out is starting to seem dumb. (Plus I just don't want to have to pay attention anymore if there are no returns to be had here.)
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May 25, 2021 20:21
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Yeah, NAV + interest limits the risk of investing in SPAC commons, but it is still not zero risk as there's always the opportunity cost of staying flat for months or a year+ when that money could be invested elsewhere. If you're no longer interested in holding a given SPAC for the potential lottery-pop, in my mind it would have to be significantly below $10 or very close to redemption time for me to consider holding for redemption rather than selling and investing in something else (though I suppose the size of the position would influence this decision a bit as well).
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May 25, 2021 21:38
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Splinter posted:Yeah, NAV + interest limits the risk of investing in SPAC commons, but it is still not zero risk as there's always the opportunity cost of staying flat for months or a year+ when that money could be invested elsewhere. If you're no longer interested in holding a given SPAC for the potential lottery-pop, in my mind it would have to be significantly below $10 or very close to redemption time for me to consider holding for redemption rather than selling and investing in something else (though I suppose the size of the position would influence this decision a bit as well). I have been keeping my free cash in under NAV SPACs, I can sell when I need but also have to potential for something to pop.
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May 25, 2021 21:46
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tangy yet delightful posted:https://seekingalpha.com/news/3698340-robotic-surgery-firm-memic-is-said-in-talks-to-go-public-through-spac A friend works at a different robotic surgery company that's been in the business for a long time. When I looked them up it seemed like there was a lot of controversy around it because their systems were extremely expensive and hyped but actual outcomes didn't seem to be any better. That may be outdated now though.
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May 25, 2021 21:52
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Anyone know off the top of their head if the following SPACS are worthless or not? FGNA FPAC CRHC SCVX
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May 26, 2021 17:02
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I'm holding ASZ AVAN CPUH CRHC GSAH HERA PRPB as those are the big-trust SPACs with experienced sponsors that I believe can land a good target at a good valuation in this market. And they can bring along a PIPE if necessary. The only post-DA I'm still holding is SEAH because their revenue and comps are crazy good and they're still priced at NAV. It's very quiet and boring right now if you're not willing to chase or gamble.
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May 26, 2021 17:25
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Surprisingly Dope posted:Anyone know off the top of their head if SPACS are worthless or not? That's the question we've all been wondering for a couple months now
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May 26, 2021 18:16
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I am willing to gamble. IPOE is great. Leaps have really low IV and function as excess leverage. I'm loving furious at the turd that is ASTS.
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May 26, 2021 18:18
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Zypher posted:That's the question we've all been wondering for a couple months now Sure seems like I bought in at the peak of hype 😂
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May 26, 2021 18:33
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I tried to buy SPCX calls but they're "closing only". Is the ETF going to disappear?
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May 26, 2021 18:51
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GrandmaParty posted:I am willing to gamble. Am I seeing right that the $7.5 and $10 have a slightly neg IV? Couldn't I just buy and redeem 1 for a quick $10?
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May 26, 2021 19:36
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I'm in KVSC, HAAC, CBAH, and REVH as long-term holds for my gambling account. These are SPACs that are supposedly "investor friendly." Their promote structures are tied to the long-term performance of the stock post merger. So the management team will have to "earn" their promote by supporting the success of the target company. They also have great management teams. But who knows. I'm sure I'm gonna end up holding some bags on at least one (or all) of these.
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May 26, 2021 22:07
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I'm still in some fatties like IPOD, IPOF, PSTH, SNPR and some really early plays SPAQ, DHHC, CVII, SCLE. This is after liquidating a bunch of crap. Should have bought bitcoin.
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May 26, 2021 22:31
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SPAC In Black: Should have bought Bitcoins
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May 26, 2021 22:51
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My merrill account still shows IPOE in holdings, is there some process to switch over to SOFI that I missed?
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Jun 1, 2021 16:18
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Shear Modulus posted:SPAC In Black: Should have bought Bitcoins Yeah what the hell is this. I was promised amazing gainzzz 
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Jun 1, 2021 16:54
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mischief posted:My merrill account still shows IPOE in holdings, is there some process to switch over to SOFI that I missed? It should make the switch automatically; there's nothing you need to do to initiate a switch. Some brokers just take longer than others
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Jun 1, 2021 16:58
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mischief posted:My merrill account still shows IPOE in holdings, is there some process to switch over to SOFI that I missed? Might be up to a week, Merrill doesn't charge for forced changes (SPAC merging should be considered forced but I haven't held during a merge).
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Jun 1, 2021 19:09
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sitting on 200 IPOF july contracts
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Jun 2, 2021 13:30
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pixaal posted:Might be up to a week, Merrill doesn't charge for forced changes (SPAC merging should be considered forced but I haven't held during a merge). It switched over yesterday, ran up a little bit, now it's back around where it was as IPOE. So my dumbass bought some IPOF.
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Jun 2, 2021 22:17
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Shear Modulus posted:SPAC In Black: Should have bought Bitcoins
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Jun 3, 2021 04:20
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Aaaanybody have PSTH?
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Jun 3, 2021 23:45
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Watching the toxic psth culture melt down is delicious
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Jun 3, 2021 23:53
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LibCrusher posted:Aaaanybody have PSTH? Tons. The after hours are panicking about a deal they don't yet have the terms for.
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Jun 3, 2021 23:53
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Not a very sexy target. But my cost basis is $22.70, so I am still narrowly in the green AH...
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Jun 4, 2021 00:08
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LibCrusher posted:Aaaanybody have PSTH? Welp, if there's anything nerds hate more than wall street shorting their childhood (GME), it's investing in SPACs that support the people who killed napster/audiogalaxy/limewire/filesharing. I'm out of PSTH, gently caress Universal Music Group, eat poo poo
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Jun 4, 2021 01:13
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WHAT THE gently caress DOES THAT MEAN BILL?!? https://twitter.com/BillAckman/status/1400601886470938624?s=20 (It might be a reference to PSTH giving holders subscription rights to PSTH 2)
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Jun 4, 2021 01:52
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GrandmaParty posted:Watching the toxic psth culture melt down is delicious 
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Jun 4, 2021 03:13
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Am I wrong in thinking it's actually a decent target for long-term gains? Assuming the numbers are decent, UMG seems to have good financials from what I could see in a quick search.
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Jun 4, 2021 04:33
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ExxonMobil is profitable, but at what cost to humanity? I'll see you in hell, mf Music industry is at best a value stock, certainly not a growth stock, at least not long term. If you're buying it for the short term SPAC pop, maybe. It's interesting to see the entire music industry valued at $40 billion, whereas Teledoc, a single healthcare company, or really, a fragment of one, waiting to be aquired, is worth $30 billion. I can't imagine investing in a fraction of the music industry in TYOOL 2021. The only people profiting off this deal is the board of UMG I spent too many hours reading too much spilt ink about copyright and artists' compensation to put that blood on my hands
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Jun 4, 2021 09:51
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Lol you're investing in the stock market and your personal investments are not even big enough to be a rounding error
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Jun 4, 2021 11:12
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Agronox posted:(It might be a reference to PSTH giving holders subscription rights to PSTH 2) I guess that's the case, sort of...  This is such a weird deal. Almost like Ackman realized that PSTH was too large and couldn't close on anything that actually needed the money here in 2021. So now if you hold through the merger you'll own some UMG, stub shares of PSTH, adjusted PSTH warrants (or not), and this SPARC stuff. It's going to be fun trying to figure out what all that is worth. I can definitely see the temptation to just take the $22.60 and run.
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Jun 4, 2021 14:05
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dalstrs posted:Am I wrong in thinking it's actually a decent target for long-term gains? Assuming the numbers are decent, UMG seems to have good financials from what I could see in a quick search. The SPAC game isn't about long-term value investing though. Might as well just buy index funds. In the abstract I think all the measures Ackman is employing to prevent people from just dumping stocks are interesting, but this deal is stupidly complicated and who the gently caress knows how to value all the pieces. It's not bullish I know that much! Also lol at the idea of someone holding PSTH in a poo poo brokerage like Robinhood. No way they're able to handle pre-IPO shares on a European exchange, warrants (which can't be exchanged?), SPARC offerings...
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Jun 4, 2021 14:30
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