SPAC & IPO Ideas

Fogel said:

If you want someone to talk you out of it, page Blazin , not me!

Click to expand...

The best price after the spike was $4.00 which would be a $26 basis. Think I am gonna hold out for $4.00 again and see if it dips a bit before the close.

If they announce by the end of the month (what the article says), then I might be able to sneak in the Apr puts before the vote.

Fake I am sure, but good for the lulz anyway.

Fogel said:

Never thought I'd see the day when I saw the words 47 and dip being applied to a spac

Click to expand...

If SPACs are gonna blow up this far over NAV, as a close to NAV only buyer, I for one welcome our new WSB dipshit overlords.

PSTH +10%
PSTHWS + 19%

No news

Now 12% and 22%

Fogel said:

And now BTWN is up over 10%, can't find any reason besides CCIV triggering some general spac FOMO

Click to expand...

I think there was a lot of profit taking in CCIV and the cash moved to PSTH and BTWN

I got greedy on my limit order to write more CCIV puts and missed filling it by a nickle. I guess there is always tomorrow.

Jysin said:

I should have clarified. I was talking about PSTH. There was no way I was buying CCIV up here in the stratosphere on a rumor.

Click to expand...

Warrants are pricing in a $40 stock price while the stock is at $33

Some interesting CPUH discussion here, spoilered for Reddit post.

CFAC

Lidar maker AEye to go public via $2 bln deal with Cantor-backed SPAC
REUTERS 8:27 AM ET 2/17/2021
Symbol Last Price Change
CFAC 13.54down 0 (0%)
QUOTES AS OF 04:00:00 PM ET 02/16/2021
Feb 17 (Reuters) - AEye Inc said on Wednesday it had agreed to go public through a merger with a blank-check firm backed by financial services company Cantor Fitzgerald, in a deal which values the lidar sensor maker at $2 billion.

The deal with CF Finance Acquisition Corp III(CFAC) is expected to provide AEye with gross proceeds of $455 million, raised by the SPAC during its IPO and from private investors including GM Ventures, Subaru-SBI and Intel Capital, among others.

Other AEye investors include LG Electronics Inc, Airbus Ventures and auto supplier Continental AG, which acquired a minority stake in the California startup in October.

Founded in 2013 by former Lockheed Martin and NASA engineer Luis Dussan, AEye is one of several firms specializing in a relatively young technology that uses light-based sensors to generate a three-dimensional view of the road.

Blank-check firms, or SPACs, like CF III are shell companies that raise funds through an initial public offering to take a private company public.

AEye is the latest lidar sensor maker to take the SPAC merger route to enter public markets, following in the footsteps of peers Ouster Inc and Peter Thiel-backed Luminar Technologies Inc.

The combined company, to be called AEye Holdings Inc, will be listed on the Nasdaq after the merger.

Guggenheim Securities and Cantor Fitzgerald & Co are serving as the financial and capital markets advisor to AEye and CF III respectively. (Reporting by Sohini Podder in Bengaluru; Editing by Ramakrishnan M.)

CCIV doing CCIV things this morning at the open. Up 10% and then flat. Now back +2%