21–30 of 70 posts
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Exactly how it looks - “Spack”
Unfortunately, in the UK this is a deeply hateful term for disabled people. Actual hate speech if you couple it with violence etc. What's the old saying? Two cultures divided by a common language..
With so many coming out, just keep jumping to new SPACS as the LOI or DA is announced. Just wanted to share my experiences.
EDIT: Nikola and QuantumScape (NKLA/QS) are the big ones that got attention. Every SPAC is hoping to make a run like QS; 10$ went all the way up to 100$ at one point. NKLA was a scam, but brought a lot of attention
Been trading SPAC's recently. Seeing a huge influx of SPACs in renewable energy. Jump in at the beginning and the most you can lost is 10$ if the SPAC fails. When it receives a letter of intent(LOI) you'll see a big boost to the stock price. When the definitive agreement (DA) is announce there is another 20% jump. After the merge and symbol change, the price drops and then slowly comes up. With so many coming out, ju…
Been trading SPAC's recently. Seeing a huge influx of SPACs in renewable energy. Jump in at the beginning and the most you can lost is 10$ if the SPAC fails. When it receives a letter of intent(LOI) you'll see a big boost to the stock price. When the definitive agreement (DA) is announce there is another 20% jump. After the merge and symbol change, the price drops and then slowly comes up. With so many coming out, ju…
What's the best way to monitor for new SPACs and when those events happen?
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> What's the difference between a SPAC and what used to be called a "reverse merger"? A SPAC is created for the designated purpose to become a vehicle to take another company public. In a traditional reverse merger situation both companies are engaged in some regular business activity.
You make a SPAC sound even shadier than a reverse merger.
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You make a SPAC sound even shadier than a reverse merger.
It's more an indication of how (irrationally) intent companies are on staying private well into their days as a global empire.
If you can get access to capital without public shareholders, you absolutely should.
What's driving the recent popularity explosion of SPACs? They've been around since at least the early 2000s, but total capital participating has risen nearly tenfold since 2014.
Could someone ELI 15?
Sure. What part? SPACs are basically stocks in search of a company. People put their resources together, and then eventually the guy who runs the SPAC finds a great company to invest in, and uses the SPAC to buy it. Nowadays, some companies are using SPACs to go public instead of using an IPO. In some ways it's like the work-from-home version of an IPO; the investors are already subscribed, and the stock is already p…
Earlier quoted context omitted.
Exactly how it looks - “Spack”
Unfortunately, in the UK this is a deeply hateful term for disabled people. Actual hate speech if you couple it with violence etc. What's the old saying? Two cultures divided by a common language..
Another good one is "nonce" - seen frequently in oauth and crypto - always gets a laugh out of the juniors.
Earlier quoted context omitted.
What's the best way to monitor for new SPACs and when those events happen?
I've been following other boards, but saw this website floating around. Many of them have active excel sheets monitoring which ones have announced https://spactrack.net