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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...

Thursday's SPAC Opportunities: Is SPAC + Crypto Next? Another Good Deal Pop Shows a Healthier SPAC Market It may start to feel "boring" for investors, but the SPAC market is getting healthy and that continues to provide opportunities for patient yield + optionality plays. BCTG had a good deal pop of almost 8%. VIH / Bakkt took a big hit (-12%) following the Coinbase IPO. Author: BCTG Acquisition Corp (BCTG) taking Tango Therapeutics public in a $350M deal and then a rare late afternoon announcement from  Roth CH Acquisition II (ROCC) who is taking music company Reservoir public in a $788M...

Source: Grisha Bruev / Shutterstock.com Any discussion on electric vehicles stocks is incomplete without TSLA stock. After peaking at about $900, TSLA stock recently declined below $700. The correction seems like a good opportunity to accumulate the stock. Tesla has an exciting product line for the next two years. This is likely to ensure that the company’s sales volumes continue to keep the markets happy. Tesla Cybertruck is likely to hit the markets toward the end of the year. Elon Musk believes that the company will be “able to do a few deliveries toward the end of this year.” Howeve...

Xos Trucks Is Going Public by Merging With the SPAC NextGen Acquisition Corp. (NGAC) in Q2 2021 Feb 22, 2021 07:53 EST Xos Trucks, a manufacturer of fully electric Class 5 to Class 8 commercial vehicles, has become the EV player to opt for the SPAC route in order to go public. As per the press statement released jointly by Xos Trucks and the SPAC NextGen Acquisition Corp. (NASDAQ:NGAC) just moments ago, the combined company is expected to have an implied pro forma market capitalization of $2.0 billion. Moreover, the transaction would provide $515 million in gross proceeds, including $375...

Share: NextGen Acquisition Corp. (NASDAQ: NGAC). The deal values the combined company at a $2-billion pro forma equity value, at a price of $10 per NextGen share. The transaction will provide $575 million of gross proceeds for Xos, including a $220-million oversubscribed and fully committed common stock PIPE at $10 per share anchored by Janus Henderson Investors and a consortium of truck dealers led by Thompson Truck Centers. Shares will trade as "XOS" on the Nasdaq if the merger is approved. About Xos: Founded in 2016, the company designs and develops fully electric battery mobility systems ...