A SPAC that doesn't sound half bad- SPAQ Spartan Acquisition Corporation III(SPAQ) The first company we’ll look at is Spartan Acquisition Corporation III, a SPAC with a $683 million market cap and a target in the European electric vehicle (EV) charging market. EVs are widely considered the future of the automotive industry, and are prompting a great deal of investor interest now, as the sector is beginning to expand. Spartan is aiming at the pan-European EV charging market, and planning a merger with Allego Holding. Allego holds a growing position in the European EV chargepoint market, with more than 26,000 charging stations in 12,000 public and private installations across 12 countries. The company’s work backlog – a key measure of future profitability – includes more than 500 secured premium sites, and Allego boasts a ‘substantial recurring user base.’ In the runup to the business combination, Allego and SPAQ have been securing funding and partnerships. One major institutional investment has come from Fisker (FSR), a US-based battery EV (BEV) manufacturer. Fisker is no stranger to SPAC combos, having gone public through one last year. The company has invested $10 million into the upcoming SPAQ-Allego merger. In other news, Allego has entered a partnership with the major Japanese automaker Nissan, for more than 600 charge points across 16 European countries. The move gives Nissan a foothold in the European EV scene, and gives Allego access to Nissan’s popular EV models. The coming merger is expected to raise over $700 million for the combined company, which will have a pro forma value estimated at $3.14 billion. WHAT DOES THE SUBASH SAY! In coverage for Benchmark, analyst Subash Chandra takes a bullish outlook, noting that “Allego generates significant revenues (~$100mm ‘21E) from owned and operated fast-charging stations across Europe and service contracts with customers such as Carrefours, REWE Nord, Geant Casino, Shell and Nissan.” Chandra goes on to write, “Europe is the second largest EV market after China and multiples larger than the US. The market share of battery EVs (BEV) and plug-in hybrid EVs (PHEV) in September was 23% compared to 4% in the US. European EV growth could top 45% CAGR over next 5 years.” These comments support a Buy rating for SPAQ, with a $16 price target suggesting a 62% upside potential for the coming year.
Description Fathom Holdings Inc. provides cloud-based real estate brokerage services in the South, Atlantic, Southwest, and Western parts of the United States. The company offers access to various properties for sale or lease through its Website, www.FathomRealty.com to buyers, sellers, landlords, and tenants. It also operates intelliAgent, a real estate technology platform that is designed to provide a suite of brokerage and agent level tools, technology, business processes, business intelligence and reporting, training, customer relationship management, social media marketing, marketing repository, and marketing services, as well as marketplace for add-on services and third-party technology. Fathom Holdings Inc. was founded in 2010 and is headquartered in Cary, North Carolina.
VAN Do we stay the course here with THE GREEN GARDEN or do we start a new thread for the new year? I came up with my 1st idea-- ABBV
Curaleaf to acquire cannabis operator Bloom Dispensaries for $211M in cash Following the close of Bloom and the previously announced acquisitions of Tryke Companies and Natural Remedy Patient Center, Curaleaf's retail footprint will increase to 16 dispensaries in Arizona and 128 nationwide.
Cathie Wood, CEO and CIO of ARK Invest, and her team sold a large portion of their holdings across five of theiractively managed ETFs according to daily public transaction records on Monday. ARK clarified in their trade notice that was sent out that “All transaction activity today [12/27/2021] was for purposes of raising cash for the 2021 annual ETF distribution. This cash raise activity has been completed.” ARK Innovation ETF(NYSEARCA:ARKK), which is ARK’s flagship fund, liquidated positions in 43 stocks with the most significant selling positions in Palantir Technologies(NYSE:PLTR), UiPath(NYSE:PATH), and Robinhood Markets(NASDAQ:HOOD). ARKK sold 150K shares of PLTR, 90K shares of PATH, and 81K shares of HOOD. See below for a complete breakdown of ARKK's positions that were sold on Monday. Woa! What is going on with this robot? I mean I've postured this before What if Cathie is a space alien? Sent here to mess up our markets? After all that buying... over and over again PLTR & PATH to give up.... Will she buy them right back? Did Cathie panic?
Let me get this straight- Year-to-date price action: ARKK-21.7%, ARKW-14.1%, ARKQ+3.4%, ARKG-33.2%, and ARKF-15.9%. Ha ha ha ha ha<-- What! ARK Next Generation Internet ETF(NYSEARCA:ARKW)also dumped a sizable amount of shares across 40 stocks, with Nano Dimension(NASDAQ:NNDM)losing the most at 140K shares, Vuzix Corporation(NASDAQ:VUZI)dropping 130K shares, and Twitter(NYSE:TWTR)losing 113K shares. Why is someone down 21% in an up 21% sort of market getting all this attention?
Vincerx Pharma climbs 4% on insider buying Dec. 27, 2021 5:58 PM ET Vincerx Pharma, Inc. (VINC) Vincerx Pharma (NASDAQ:VINC) CEO, Ahmed MD Hamdy bought 6450 shares at ~$10.02, worth ~$65K. CFO, Alexander A. Seelenberger bought 2417 shares at ~$10.33, worth ~$25K. Director Laura I. Busnell bought 2402 shares at ~$10.48, worth ~$25K. Chief Business Officer, Sooin Hwang bought 3000 shares at ~$10, worth ~$30K. Chief Legal Officer, Tom C Thomas bought 1000 shares at ~$10.23, worth ~$10K. The stock has a market cap of ~$210M and has declined about 47% in a year. VINC-$10.00 Vincerx Pharma Announces First Patient Dosed in Phase 1 Dose-Escalation Study of VIP152 in Relapsed or Refractory Chronic Lymphocytic Leukemia or Richter Syndrome
Capri Holdings Limited (CPRI) NYSE - Nasdaq 64.76+1.40(+2.21%)<-------- As of 10:04AM EST. Market I made a presentation about retail being a place to be in 2022 and then I was worried but now I am being proven correct again. My thesis: due to delayed inventory stocking because of the logistics/ trucking meltdown - stores will have incredibly fresh merch in Jan/Feb period.
FunkoFNKO – This maker of pop-culture collectibles has been a frontrunner in expanding its footprint in the NFT space. Funko acquired a majority stake in TokenWave, developer of TokenHead, a mobile app and website for showcasing and tracking NFT holdings, in April this year. Funko launched its NFT offerings on the WAX platform, the leading decentralized wallet on the blockchain, which provides verifiable authenticity for purchases of Funko NFTs.