written by reader Just bought new spac (NHIC) what do we know?

By orangutan, March 8, 2021

I bought this one this morning on the horses (Bill gates…)and the story. company EVOLVE merging with New Hold Investment. Imminent merger?
took a while to find the ticker NHIC.
Cheers

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Travis Johnson, Stock Gumshoe
March 8, 2021 2:29 pm

As with almost all SPAC deals, it’s all about the 2024-2025 revenue, so a lot of the valuation is guessing at how much they’re exaggerating that potential and how much you believe it’s viable. Nice business model, compelling idea, more attractive, in my eyes at least, than the microcap VSBLTY that is doing something similar, but it’s all about the future — thee deal values them at about 80X 2020 revenue, so that’s fine if they can really hit $53 million this year and $400 million in 2023, because that would be 33X revenues and 4.5X revenues and tremendous 100% revenue growth, and investors are almost always willing to pay a huge premium for very high growth as long as it’s sustainable in some way (growth can slow over time, but it can’t be a one-time burst of revenue that gos away the following year). That’s all I can tell from five minutes with the Investor Presentation

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