Some new SPAC IPOs
by wendlefly | December 6, 2020 8:43 am
Hi
Some new SPACs[1] for anyone who is interested. Seems to make more sense getting in on one before the warrant splits off.
Here is the link to report Please comment on anything u find interesting if possible Good Luck!
https://spacalpha.com/reports/
Spartan Acquisition Corp. II SPRQ.U 300 S+W/3 Energy, US 2
nd time SPAC team,
Apollo Global Mgmt 24-Nov 10.40
Forest Road Acquisition Corp. FRX.U 261 S+W/3 Technology, US The Forest Road
Company 24-Nov 10.11
10X Capital Venture
Acquisition Corp VCVCU 175 S+W/2 Technology, US 10X Capital 24-Nov 10.07
Spring Valley Acquisition
Corp. SVSVU 200 S+W/2 Energy, US Pearl Energy 23-Nov 10.05
Tiga Acquisition Corp. TINV.U 240 S+W/2 General, Global 1
st time SPAC team,
Ex-Farallon Asia[2] 23-Nov 10.17
Genesis Park Acquisition
Corp. GNPK.U 164 S+W/2 Industrial, US 1
st time SPAC team,
Genesis Park 23-Nov 10.00
Breeze Holdings Acquisition
Corp. BREZU 115 S+W+R Energy, US 1
st time SPAC team 23-Nov 10.07
SPAC S-1 FILINGS: LAST WEEK
7
Data source: SPAC Research
SPAC Ticker Filed IPO[3]
Size, $M IPO Unit Focus Sponsor(s) Filing
Date
Marquee Raine Acquisition Corp. MRACU 325 S+W/3 Technology, US Raine Group,
Tom Ricketts 27-Nov
Motive Capital Corp MOTV.U 300 S+W/3 Financials, US Motive Partners 25-Nov
Senior Connect Acquisition Corp. I SNRHU 300 S+W/2 Consumer, US 1
st time SPAC team,
UnitedHealth founder 24-Nov
Roth CH Acquisition II Co ROCCU 100 S+(3/4)W General, US
2
nd SPAC by Roth
Capital, Craig-Hallum
team
24-Nov
Globis Acquisition Corp. GLAQU 100 S+W General, Global Globis Capital
Advisors, Chardan 24-Nov
Marlin Technology Corporation FINU 300 S+W/3 Technology, US Marlin Management
Company 24-Nov
LIVE IBCs (I)
8
Data source: SPAC Research
SPAC Ticker Target Focus EV, $M EV/IPO IBCs
Announced Fri Price, $
INSU Acquisition Corp. II INAQ Metromile Technology,
US 956 4.2x 24-Nov 13.61
GigCapital2, Inc. GIX UpHealth/Cloudbreak
Health
Healthcare,
US 1,350 7.8x 23-Nov 10.25
Apex Technology Acquisition
Corporation APXT AvePoint Technology,
US 1,738 5.0x 23-Nov 14.20
Longview Acquisition Corp. LGVW Butterfly Network Healthcare,
US 1,500 3.6x 20-Nov 16.55
CIIG Merger Corp. CIIC Arrival Auto,
US 5,400 20.8x 18-Nov 24.10
Roth CH Acquisition I Co. ROCH PureCycle Industrial,
US 826 10.7x 16-Nov 11.10
Newborn Acquisition Corp. NBAC Nuvve Industrial,
US 132 2.3x 12-Nov 17.30
Jaws Acquisition Corp. JWS Cano Health Healthcare,
US 4,400 6.4x 12-Nov 11.32
InterPrivate Acquisition Corp. IPV Aeva[4] Industrial,
US 1,803 7.5x 2-Nov 10.87
Alberton Acquisition
Corporation ALAC SolarMax Energy,
US/China[5] 300 2.6x 28-Oct 11.45
LIVE IBCs (II)
9
Data source: SPAC Research
SPAC Ticker Target Focus EV, $M EV/IPO IBCs
Announced Fri Price, $
dMY Technology Group, Inc. II DMYD Genius Sports Technology,
Global 1,500 5.4x 27-Oct 11.01
Longevity Acquisition
Corporation LOAC 4D pharma Healthcare,
UK 38 0.9x 22-Oct 10.61
Acamar Partners Acquisition
Corp. ACAM CarLotz TMT,
US 827 2.7x 22-Oct 10.20
Panacea Acquisition Corp. PANA Nuvation Bio Healthcare,
US 1,319 9.2x 21-Oct 10.10
South Mountain Merger Corp. SMMC Billtrust Financials,
US 1,293 5.2x 19-Oct 12.61
FS Development Corp. FSDC Gemini Therapeutics Healthcare,
US 266 2.2x 15-Oct 10.10
CC Neuberger Principal
Holdings I PCPL E2Open TMT,
US 2,565 6.2x 14-Oct 10.51
Churchill Capital Corp II CCX Skillsoft[6] & Global
Knowledge
Technology,
Global 1,037 1.5x 13-Oct 10.09
AMCI Acquisition Corp. AMCI Advent Technologies Energy,
US 358 1.6x 13-Oct 11.52
Replay Acquisition Corp. RPLA Finance of America Financials,
US 2,012 7.0x 13-Oct 10.14
LIVE IBCs (III)
10 Data source: SPAC Research
SPAC Ticker Target Focus EV, $M EV/IPO IBCs
Announced Fri Price
- SPACs: https://www.stockgumshoe.com/tag/spacs/
- Asia: https://www.stockgumshoe.com/tag/asia/
- IPO: https://www.stockgumshoe.com/tag/ipo/
- Aeva: https://www.stockgumshoe.com/tag/aeva/
- China: https://www.stockgumshoe.com/tag/china/
- Skillsoft: https://www.stockgumshoe.com/tag/skillsoft/
Source URL: https://www.stockgumshoe.com/2020/12/microblog-some-new-spac-ipos/
This looks interesting. Not trading on TDameritrade that I can see.
SPAC Senior Connect Acquisition I, led by the founder of UnitedHealth, files for a $300 million IPO
November 24, 2020
SNRHU
Senior Connect Acquisition I, a blank check company formed by the founder of UnitedHealth targeting the senior market, filed on Tuesday with the SEC to raise up to $300 million in an initial public offering.
The Scottsdale, AZ-based company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Senior Connect Acquisition I would command a market value of $375 million.
The company is led by CEO and Chairman Richard Burke, the founder and former CEO of UnitedHealth Group. Burke currently serves as a Managing Partner at Rainy Partners and previously was the owner, CEO, and Governor of the NHL team Phoenix Coyotes. President and Director Isaac Applbaum is co-founder and Partner at Israel-focused investment fund MizMaa and co-founder of senior-oriented business Secure and blockchain technologies company SecureKey. CFO and Director Ryan Burke is currently the CIO of Rainy Partners and BFO LLC. Senior Connect Acquisition I plans to target select sectors of the senior market, including lifestyle, home-based services, and health platforms, among others.
Senior Connect Acquisition I was founded in 2020 and plans to list on the Nasdaq under the symbol SNRHU. The company filed confidentially on October 2, 2020. Citi is the sole bookrunner on the deal.
Relevant Profile: SNRHU
I did very well with SPAC $GMHI, got a large position early. It has finally converted to $LAZR, and it is off to the races.
Off to the races indeed LOL. Very nice 🙂
Thanks for sharing… yes, each one of these is a little different, but buying a SPAC before the warrant splits off, at near the likely redemption price (typically between $10-10.25), is a very low-risk way to park some cash, made somewhat more prospective if you pick a SPAC whose manager you trust (or who has created successful SPAC-merged companies before). Institutions and hedge funds often do this as a kind of arbitrage, buying in or getting an IPO allocation and then either selling off the SPAC shares if they show a little life later on or, if there is a deal or an extension, redeeming the shares and getting their original investment back that way, often with a small return and occasionally a big return if the story ignotes… and keeping the “free” warrants. If you don’t pay much more than the redemption price, the downside is extremely limited.
That’s different from speculating on the higher-profile SPACs that have a known deal, like what became LAZR, of course, that’s more of a “pick the hot story” trade that has been super popular this year… that’s much higher risk, higher reward.
RSVAU seems like good management. I’ll look to buy on a pullback. Could run. Nice volume and price action.