SPAC Boom or Bust?
SPAC true believers say the boom is about to begin, but the media says it s over and the bubble has burst. Which is it?
Author:
Apr 23, 2021
After another day of SPAC red,
there are now over 300 SPACs that have common shares trading under $10. This is the real test now for SPAC investors. Believers will see this as the ultimate opportunity to prepare for a SPAC boom and drive hard on the yield + optionality play that SPACs offer. But, for those less confident in the SPAC narrative, and the growing number of pure doomsayers fueled by the media, this will be the ultimate sign of the SPAC market s capitulation.
SPACs Could Use Some Good News
The SPAC market s correction is starting to feel very painful for those that bought during peak SPAC. The next deals and de-SPACs will be watched closely.
Author:
Apr 21, 2021
Tuesday was a painful day for the whole market, but SPAC investors were hit especially hard as there seemed nowhere to hide. 20 SPACs were down over 3%, RICE, THCB, STPK, RSVA, NGA, FSRV, CCIV, and STIC were all down over over 5.5%, and
there are now 244 pre-deal SPACs trading under $10.
The average pre-deal SPAC is now trading at $9.91 which means that there is a lot of opportunity for the yield + optionality play. However, increasingly investors are hesitant to jump in given the feeling that the upside is more limited as deals aren t popping as they used to and both the post deal announcement and post de-SPAC periods are seeing the air let out of the price balloon quickly.
FAII N - Fortress Value Acquisition Corp II Key Developments reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Best SPAC Opportunities for Monday
With the SPAC market slowing down and starting to clear out, some investors are looking for upside with announced deals. In addition, investors continue to look in the bargain bin for yield as well.
Author:
Apr 5, 2021
Last week we saw the SPAC IPO market close for business with only 2 SPACs pricing. This is good news as the market needs to clear out so that investors can get excited again about good SPACs and good deals. Given that there has been no IPO pop and very little deal announcement pop lately though CMII and AJAX had a some SPAC investors are starting to look at a combination of strong sponsor/teams with SPACs that already have announced deals.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Reminds Investors of Investigation of Mergers
Rigrodsky Law, P.AMarch 16, 2021 GMT
WILMINGTON, Del., March 16, 2021 (GLOBE NEWSWIRE) Rigrodsky Law, P.A. announces that it is investigating:
Fortress Value Acquisition Corp. II (NYSE: FAII ) regarding possible breaches of fiduciary duties and other violations of law related to Fortress Value’s agreement to merge with Wilco Holdco, Inc. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-fortress-value-acquisition-corp-ii.
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Leisure Acquisition Corp. (NASDAQ GS: LACQ ) regarding possible breaches of fiduciary duties and other violations of law related to Leisure’s agreement to merge with Ensysce Biosciences, Inc. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-leisure-acquisition-corp.