Less Angst in SPAC Land + Wallbox in a $1.5 SPAC Deal
The improving narrative is supported by stable, positive market dynamics. Don't be surprised to see retail and others getting back into SPACs if the market continues this way.
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The improving narrative is supported by stable, positive market dynamics. Don't be surprised to see retail and others getting back into SPACs if the market continues this way.
June will be a busy month of SPAC deal votes and, likely, little other activity. But, could the narrative change if de-SPAC performance outperforms expectations?
SPAC Deal Pressure Building Expect slow SPAC deal flow through May, but then get ready as deal pressure builds massively with "peak SPAC" IPOs aging quickly and facing fierce competition. Author: Apr 27, 2021 ** It was another quiet SPAC Monday yesterday and SPAC investors are still waiting for positive news to trigger some excitement. The CCIV / Luicd surge (up +16% on Apple rumors) is a sideshow to the type of big tent event(s) that will be needed to re-ignite enthusiasm. Investors will also not like seeing announced deals continue to have the air slowly leak out post deal announcements. ...
Chamath Defends His SPAC Record Following CLOV Short Squeeze SPACs were down on Monday in a quiet news day. With the CLOV short squeeze going, Chamath is back to promoting his SPACs and FinTwit is less than welcoming. Author: Apr 20, 2021 It was a quiet news day for SPACs on Monday with the CompoSecure / DBDR deal a disappointing +0.2% up on the announcement. The mania of "Merger Mondays" is gone and only good deals will get rewarded. Investors may not have liked CompoSecure's aggressive growth forecasts or they may be a little scared off from crypto with Bitcoin's (modest) crash back down to...
Best SPAC Stocks for Monday Watch for more short seller activity on SPAC stocks and lots of opportunities to buy below NAV. Will CLOV surge on short squeeze? Author: Apr 19, 2021 Last week was another relatively quiet week in the SPAC market with no new IPOs -- that's the first time in quite a while with no new supply. There were also only 3 new SPAC S-1s filed, for $350m, in another positive sign for the health of the SPAC market. Don't expect a major change in activity this week as the headwinds from the SEC and general oversupply remain in effect. But, remember, this slowdown is good news ...