I hate that stock... I lost more money shorting that thing... OK Stoney... It's time to start scooping up bargain SPAC's I'm gonna give us one we've never covered... Ouster. $OUST $7.83 It's a LIDAR play, but unlike all the other ones, the ones they make are not just for cars. They're for factory assembly lines, warehouse fulfillment centers, robotics AND the auto sector. If LAZR can hold $16, I gotta think this one has a future long term too. Next: $PAYA $11.18 Another Affirm type.
$OUST $7.83 The thing I don't get is they say you can return the shares for $10. Somehow. So you buy at $8 and then just ask (someone) for $10????? Or is that only if you buy on the 1st day? It's very confusing. The way this math works... and the way the voting works and the way the refund requests work-- AND THE WAY THE SHORTS WORK---I wonder if the move isn't to buy THE MOST EXPENSIVE SPAC -The one the most OVEr or near $10 than a discounted one...
Danimer Scientific, Inc. (DNMR)- I think would be the buy 18.65+0.64 (+3.55%) Yea it was up yesterday! <----- Hello.//
No that's only for the folks that got in before the de-spac. But if you get bored, call your hedge fund and tell them to buy a bunch at $8 so they can sell them at $10. See what they say.
Potential Danimer Scientific, Inc.(NYSENMR) shareholders may wish to note that the Independent Director, Phillip Calhoun, recently bought US$101k worth of stock, paying US$14.16 for each share. However, it only increased shareholding by a small percentage,
If you have the guts--- Here comes the big one- I am considering doing a risky trade--- I REALLY feel this Ginko will DOUBLE.<----- MEETING NEXT WEEK!!!! Begins trading on the 17th.... Soaring Eagle Announces Achievement of Quorum to Pass Proposed Business Combination with Ginkgo, Proxies Received Indicate Overwhelming Support for All Proposals Extraordinary General Meeting to Be Held on September 14, 2021; Closing of Business Combination Expected to Occur on September 16, 2021 Shares of the Combined Company Expected to Begin Trading on NYSE under the ticker "DNA" on September 17, 2021 Van Do You Buy the "SRNG" or wait for the "DNA"
Nice plain English tutorial: What Is a SPAC Warrant? A Special Purpose Acquisition Company holds investor money in escrow. Those funds then buy the targeted company. After the IPO, SPAC units often get split into warrants and common stock. This gives investors extra incentive as the warrants can also be traded in the open market. These warrants represent the bonus for investors who have put their money into a blind pool. For example, as stated above, units will often contain ½ warrant, a ¼ warrant, or a full warrant. The warrant type will depend on the sponsor or the track record of who is leading/promoting the SPAC. The SPAC warrants will be redeemable at certain trading price thresholds. The strike price for most warrants is $11.50 per whole warrant with adjustments for splits and other factors. The warrants can be exercised only if the SPAC completes a deal before the specified date. This date usually occurs 30 days after the de-SPAC transaction. The Lifecycle of a Special Purpose Acquisition Company A special purpose acquisition company will go through the normal Initial Public Offering (IPO) registration process, which includes filing an S-1, communicating with SEC regulators, negotiating underwriting agreements along with the roadshow, pricing, and, finally, closing. The IPO places funds in a trust account while the management team seeks a suitable takeover candidate. The terms of the SPAC will vary from deal to deal, but management has a given time to find an acquisition and complete the deal (24-months is a standard timeframe). Often, initial investors into SPAC’s will get units consisting of one share, plus a fraction (usually 1/3rd to 1/9th) of a warrant. When the units split (usually 60 days after their IPO), investors get shares and warrants. If the time expires, the capital returns to investors. In many cases, Special Purpose Acquisition Companies will go public with a narrow or sector-specific focus in their search for an acquisition. Following a successful acquisition, the SPAC will call a mandatory shareholder vote or tender offer. If the shareholders vote in the negatory, they can get their money back (SPACs are usually priced at $10 per share, but this can vary). Should the shareholders approve the deal, the combination will commence (called a “De-SPAC transaction“), and the target business will combine into the publicly traded company. How Does a SPAC Work? A Special Purpose Acquisition Company (SPAC) is a public company created to acquire a private company. It works like this: a group of investors or a sponsor with a set of expertise raises money to acquire a non-listed company. In short, a Special Purpose Acquisition Company sponsor and investor might have no idea what company they will be buying at the outset. The money raised exists in escrow for a certain period of time, usually two years. The money in that account is distributed to either complete the acquisition for the private company on the merger agreement or when that money is returned to investors after time expires. Once approved by investors, the new company will start to trade on a public exchange. Pros of SPACs One of the most important characteristics of a Special Purpose Acquisition Company is its flexibility. Even sponsorships shares can be adjusted from 20% to 0%. In short, everything is negotiable. The negotiations on shares and warrants are open, especially as the termination date approaches. These issues are all up for grabs because there are many SPACs with different amounts of capital. And here lies another bright spot of the SPAC, access to primary capital. Lastly, timing is another crucial factor. A traditional IPO or a direct listing will take an average of 6-7 months to begin trading, while a SPAC will take around 2-3 months. Cons of SPACs The vetting of a public company is a prolonged process to ensure the deal is a good one. Transparent business practices are desirable, but a SPAC is not. It is a quick-moving public offering where the paperwork process has been simplified, and transparency is low. In short, one of the benefits of the SPAC can also be what actually makes it risky. Moreover, no SPAC is a sure thing. A recent study by Renaissance Capital found that 89 SPACs that had gone public since 2015 posted an average loss of 18.5%. Traditional IPOs booked an average gain of 37.2% over that time. Lastly, promoters can often get sweetheart deals when it comes to SPAC listings. The big names in the industry can ask for a lot of stock. Similarly, many of the investors in SPACs are just looking for quick cash, meaning they don’t plan to buy the company long-term. The short answer is, it depends. Are you willing to commit trading capital to a stock where you do not clearly know what you are buying? For many investors, the mystery of SPACs is what makes them attractive. Remember that you can always request your money back when a SPAC finally merges. For this reason, SPACs offer speculative investors huge potential upside with limited downside risk.