Better Days Ahead for Oaktree Acquisition (OACB), But Alphyn Capital is Prepared for a Black Swan
Alphyn Capital Management, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return of 17.2% was recorded by the fund for the Q4 of 2020, above its S&P 500 benchmark that returned 11.7%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Alphyn Capital Management, in their Q4 2020 Investor Letter said that they placed a new position in a Special Purpose Acquisition Company, Oaktree Acquisition Corp. II (NYSE: OACB), because of the its merger with Hims and Hers Ltd, a rising telehealth company. Oaktree Acquisition Corp. II is a blank check company that currently has a $322.5 million market cap. For the past month, OACB delivered a -0.88% return and settled at $10.32 per share at the closing of January 27th.
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Santa Monica-based
Science, the startup studio led by Mike Jones and Peter Pham, has launched its own Special Purpose Acquisition Company (SPAC), called
Science Strategic Acquisition Corp. Alpha (SSAA). According to Science Strategic Acquisition Corp. Alpha this week, it priced a $270,000,000 initial public offering (IPO), which will trade on the Nasdaq Capital Market under the symbols SSAA and warrants as SSAAW. The new company is a blank check company, which says it was formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses and which intends to focus on businesses operating in the direct-to-consumer brands, direct-to-consumer services and mobile and social entertainment sectors.
January 27, 2021
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Over the past year, the entertainment sector has been one of the worst-hit industries globally. Live concert and movie box-office sales collapsed as theatres shuttered in the wake of nationwide lockdowns and coronavirus containment measures.
However, in a number of Asia-Pacific markets like Japan, China, Taiwan and Australia, where outbreaks have been controlled and infection levels have fallen significantly, theatre-goers have been returning - some in droves.
Although the global box office shrunk 70 per cent in 2020 to US$12.4 billion (S$16.4 billion), Asia-Pacific accounted for 51 per cent of the total, according to data from Comscore and Gower Street Analytics.
Shawn “Jay-Z” Carter’s cannabis brand is now public.
The Parent Company (OTCQX:GRAMF, NEO: GRAM.U)) a vertically integrated cannabis operator focused on the California market, completed its merger with Subversive Capital Acquisition Corp. (formerly traded on OTCQX under the symbol of SBVCF) in mid-January. The $1.2 billion deal is the largest cannabis deal ever involving a Special Purpose Acquisition Company, and makes The Parent Company the largest vertically integrated operator in the state.
The Parent Company is the product of the combination between cannabis brand Caliva (which launched the hip hop mogul’s high-end cannabis line MONOGRAM in December), extraction and manufacturer Left Coast Ventures, and Shawn Carter Enterprises.
(Bloomberg) Game developer Playstudios Inc. is in talks with a special purpose acquisition company, joining a stampede of businesses that are leaning on SPACs to go public, according to people familiar with the matter.Playstudios is discussing a deal with Acies Acquisition Corp., a SPAC that counts former MGM Resorts International Chief Executive Officer Jim Murren as its chairman, said the people, who asked not to be identified because the deliberations are private.The transaction is set to value the combined entity at $1 billion or more and could be announced in coming weeks, one of the people said. As with all deals that aren’t yet finalized, it’s possible that terms could change or talks could fall apart.Representatives for Acies and Playstudios declined to comment.Acies shares were up 6% to $11.59 at 7:39 a.m. Wednesday in New York.Playstudios, which makes gambling-themed games such as myVegas Slots and myVegas Blackjack, is backed by casino giant MGM. Users of its