Reddit Posts
I had shorted CFV yesterday only to find out they moved merger meeting to January 24, 2022. What are other short plays in the coming future? I am also in NGCA and will be entering MJMC/ACEV.
$ACEV Tempo Automation and ACE Convergence merger ETA: 2022-01-26 LOW IV LIKE $VIH
Follow up info on $ACEV that's taking Tempo Automation public. Trading at 9.94 and majority of OI for November is the 15.00 Strike (+50%). November 19th 10.00 Calls are 0.05/premium
$ACEV Has a 285m Market Cap and taking Tempo Automation public. Trades at 9.94 while the November 19th 10.00 Calls are 0.05/premium. Hard to borrow, 43% owned by institutions.
$ACEV is taking Tempo Automation public with hard borrow rates and the cheapest Options premiums available 🚀 I just want you all to be rich
$ACEV has an affirmed merger, 17m free float and is optionable at the lowest premiums possible
$ACEV - Tempo Automation Inc., a Leading Software-Accelerated Electronics Manufacturer, Set to Go Public Through Merger with ACE Convergence Acquisition Corp, valued at $919m
$ACEV - Achronix And ACE Convergence Acquisition Corp Mutually Agree To Terminate Merger Agreement
ACEV - spac merging with FPGA startup (that actually survived) beginning to move
ACEV - recent signs of movement preceding event in JUNE or JULY
MERGER SOON!! ACEV S-4/A #3 out- guestimate for merger is now next month!
Mentions
Or how about you email a few spacs and see that they regularly give out that information? ACEV even gave me the total redemption numbers before anyone else. Because i emailed them.
So yesterday u/redpillbluepill4 said that ACEV corporate emailed him and that the remaining float is 2.2m shares from the trust Now that it traded as TMPO yesterday, a grant total of 200k shares traded moving the price all over the place, with maybe 30k shares moving it 50%. Wide bid/ask spreads all day and options illiquid as shit. Something doesn't really add up here. Really feels like the float is smaller than 2.2m.
I'm not sure exactly what you mean by that. I'm not playing for today's pump, I'm holding long term. Looking at $DNA, $STRC, $SABS, especially $BKSY, in my portfolio. Both BKSY and ACEV warrants were about 0.17 yesterday, BKSY commons $1.70. If TMPO stays above that, warrants should go up. Which means I won't get a better entry in TMPOW than I had in ACEVW the past few weeks.
You guys can call me dumb if you want but $ACEV is dead meat and you know it.
ACEV TMPO halted up on low volume
ACEV corporate emailed me that the remaining float is 2.2m shares from the trust. Kinda sounds like a mistake but that's what they said. "In the final EGM we had 473,929. The remaining number shares in the trust are 2,269,299. ACEV has completed merger and is renamed Tempo Automation Holdings Inc., and will start trading with a new ticker tomorrow, with shares from the sponsor and the target company also floating freely. Best regards, Denis Tse Secretary and Director"
I did follow up email. ACEV confirmed that 473,929 shares were redeemed, so it's not a super low float.
ACEV float is apparently 473k according to email from corporate to me. But effect in place already someone said, so might still dump quick. I don't know
ACEV is closing but doesnt disclose redemption numbers? Strange.
Any word on the ACEV tempo merger? Vote was last week.
why do ACEV 12.5cs expiring today have a bid of 10C
didn't do a lot of reading up, but is ACEV a chance for a low float pump? I am seeing same patterns as I did for TINV, which worked out alright.
Does anyone know if the ACEV - tempo automation merger still has any of the pipe financing, backstops, or convertible debt type stuff still in place? This thing has dragged and there was even an aborted vote last May and extensions with redemptions. So just wondering if they will be able to meet the minimum cash considerations if there are massive redemptions.
Anyone else in on ACEV? The open interest isn't too huge yet other than for Nov. 12.5s, but the [extension meeting](https://sec.report/Document/0001104659-22-101923/) is tomorrow and pre-redemption float is around 4M, so high redemptions might push it into low-float territory. Have a decently-sized position around NAV ($10.27).
[Tempo Automation Hosts Financial Analyst Day](https://www.businesswire.com/news/home/20220920005546/en/Tempo-Automation-Hosts-Financial-Analyst-Day) \- ACEV ACEVW That is from yesterday. "Tempo Automation, Inc. (“Tempo Automation”), a leading software-accelerated electronics manufacturer, held a financial analyst day on Wednesday, September 14, 2022. Tempo Automation presented on its long-term strategy and discussed the proposed business combination with ACE Convergence Acquisition Corp. (Nasdaq: ACEV), followed by a live Q&A. **Management concluded by reiterating their expectation that the transaction will close in Q4 2022**." [September 2022 Investor Presentation](https://www.sec.gov/Archives/edgar/data/1813658/000110465922100100/tm2225884d1_425.htm) [Analyst Day Presentation Transcript](https://www.sec.gov/Archives/edgar/data/1813658/000110465922100102/tm2225884d2_425.htm)
Only because I still get alerts... ACEV meeting October 11, 2022, at 7:00 AM, Pacific Time. Asking to extend from Oct 13 to Jan 30. They've already extended three times, been rejected by one of their proposed acquisition targets (Whizz), and I don't think they have the cash requirement. I haven't seen anything released about changing the deal structure now they're only acquiring two companies instead of three.
I don't understand yesterday's ACEV filing (Form POS AM) [https://sec.report/Document/0001104659-22-098303/](https://sec.report/Document/0001104659-22-098303/) Seems like it's neither positive nor negative, just cleaning up some wording of previous amendments?
$ACEV NAV is 10.15 as per the recent SEC filing
Anyone following ACEV/ACEVW? News came out a few days ago that I thought was bad, but warrants are up 50-100% on significant volume. I'm pleasantly confused, but wondering if anyone else had an opinion. My best guess is that now that the transaction has been simplified, it's more likely to actually complete?
$ACEV 8-K: Oaktree Capital Management pulls $175 funding (via convertible note purchases) from the deal. I don't see this merger going thru. Fade me.
$ACEV 8-K > On July 28, 2022, Compass Diversified Holdings (NYSE: CODI), the parent company of Compass, and Compass delivered notice of termination of the Compass Merger Agreement to Tempo. ACE, Tempo Automation and Whizz are continuing to pursue a potential business combination involving ACE, Tempo Automation and Whizz, and expect to consummate such business combination in the third quarter of 2022. Tempo was originally supposed to purchase Compass and Whizz in their merger with ACEV and now it looks like only Whizz. I'm hoping this may end up being a good thing as now no money will need to be spent acquiring Compass. OR it may not. With all the semiconductor news lately Compass may think it's better on its own.
I think ACEV is going to close as well. They negotiated a new price and updated cash settlement amounts with Advanced Circuits and Whizz. They do need some additional funding to close but I think they will get it. Lots of potential to roll up other companies using a more efficient software framework and the new company will be profitable right away. I think the warrants are undervalued at the moment but you never know what will happen.
Thanks for the ballpark figure on LEAP options. I have \~30 pre-DA warrants currently. I have some like FVTWS and NOACW that I started buying above $1 in early 2021 and have only managed to average down to $0.70-$0.80 I really liked ACEV's first target, and I am OK with their second target, so my entry points there vary from $0.70 in NOV 2020 (pre-DA) to $2 in Jan 2021 (post-first-DA) to $0.08 in early July, overall avg $0.49. Last week I entered OCAXW for $.03, because they didn't yet announce their extension, and I was gambling on it being extended. Didn't get all my orders filled, but it looks like I had the right idea. I also have a couple others below $.20, but not many, because I've been holding for so long on most.
ACEV warrants were the last profitable spac trade j made. I could sense things getting tighter I bought the post DA pump fall back, as per standard operating procedure, had to ride it out and got out for like a minor gain. And I remember thinking… this was so easy before, the SPACs are dead. And I stopped triffling with SPACs What I didn’t do, which I regret, was not selling a lot of my growth names right then.
ACEV has a second target. I made it my biggest warrant holding in anticipation of Achronix, their first target. Unfortunately I held most of it. Their new target is tempo, which is also computer hardware. I like it but not as much as Achronix. I think it will close. I doubt this team did two DAs and an extension just to walk.
ACEV. Traded that many moons ago. Was a chip stock then… now it has no target ?? Wtf happened ?
Well, here we go again... Maybe. I want you guys to take a look at this one first and tell me what you think. To me, it looks like after redemptions that $ACEV is left with a sub-1M float and is optionable. Here's what I'm seeing in the filings: * Free float: 8.2M shares * Backstop agreement: 3M shares * Redemptions: 4.2M shares (51%) * Shares remaining: Slightly over 900k If this is indeed the case, I believe this would be the lowest float SPAC with options to date. Am I seeing this correctly? If so, this could be a viable play down the road. Taking a look at the options chain, it doesn't look like it's been loaded or received any attention from pump groups or anything like that. Thoughts would be appreciated.
ACEV shareholders vote to extend merger deadline to Oct 13. For 9,624,582 | Against 38,579
ACEV vote to extend set for July 12 > the Company and Tempo are working with financing parties to revise and finalize the financing arrangements with respect to the Business Combination with the goal of providing additional cash to fund the combined company’s post-Business Combination cash needs to fund its operations and growth as well as to satisfy the minimum cash condition described in the Registration Statement (as defined below) (including the requirement to maintain a $25 million cash balance required by the terms of the proposed convertible notes), especially in light of higher than anticipated levels of redemptions in other de-SPAC merger transactions in recent months.
If a SPAC liquidates, it's delisted. Holders of delisted commons get back NAV. Holders of delisted warrants get nothing. It's not exactly like an OTM option, because in my understanding, and option is exerciseable, even if it's out of the money. My recollection is that warrants are not exercisable until well after the DA. (Not sure why you would want to exercise if it is possible) Note that a DA canceled is not the same as liquidation, especially if there's a lot of time left. I have ACEV, which got a second DA, I know there have been others that got a second DA. However, I also had some OCA warrants, they chose to liquidate, I tried keeping a few warrants, got nothing for them.
Yes, think that most SPAC business combinations need to get HSR ( Hart-Scott-Rodino Antitrust Improvements Act ) approval, since all of them are technically mergers. In most cases, that is just a formality, since the SPAC is just a blank shell with no operating business, and therefore not any antitrust issue. In the case of Tempo, it is combining three separate operating businesses, so there could be antitrust concerns. The ACEV [424B3 prospectus](https://www.sec.gov/Archives/edgar/data/1813658/000110465922046896/tm2130093-14_424b3.htm) says: "On October 27, 2021, ACE and Tempo filed the required forms under the HSR Act with respect to the Business Combination with the Antitrust Division and the FTC and requested early termination." But nowhere in the filing does it say the waiting period expired. Often, but not always, the filing will say when the waiting period expired. For example, in the LCAP/MSPR 424B3: "On November 30, 2021, the Company and MSP filed the required forms under the HSR Act with respect to the Business Combination with the Antitrust Division and the FTC and requested early termination. **The related HSR Act waiting period expired on December 30, 2021**." And the APSG/GBTG 424B3: " the expiration or termination of any applicable waiting period under the HSR Act (**which waiting period expired on January 18, 2022**)" Anyway, just found it interesting that in today's filing, ACEV said that antitrust filings were one of the closing conditions that needed to be completed.
[Previously, ACEV said](https://www.sec.gov/Archives/edgar/data/1813658/000110465922054936/tm2214197d1_8k.htm) "On May 2, 2022, ACE postponed the EGM **to allow ACE additional time to revise and finalize its financing arrangements** with respect to the Business Combination described in the registration statement on Form S-4" That made it seem like they didn't have enough financing locked in to complete the business combination. This part of the [PRE14A filing](https://www.sec.gov/Archives/edgar/data/1813658/000110465922068076/tm2217421-1_pre14a.htm#tQAAA) is interesting: "The Company is continuing its efforts to complete its initial business combination, which will involve completing the closing conditions to the Merger Agreement, **including, without limitation, any filings required pursuant to antitrust laws, and the expiration of the required waiting periods thereunder**, and holding an extraordinary general meeting to consider and approve the Business Combination and related proposals." The Tempo [definitive agreement press release](https://www.businesswire.com/news/home/20211014005537/en/Tempo-Automation-Inc.-a-Leading-Software-Accelerated-Electronics-Manufacturer-Set-to-Go-Public-Through-Merger-with-ACE-Convergence-Acquisition-Corp) said "The majority of the cash proceeds **will be utilized to complete the acquisitions of Advanced Circuits, and Whizz** concurrently with the closing of the business combination of Tempo with ACE." So now it seems perhaps part of the delay is due to antitrust filings concerning the merger of Tempo, Advanced Circuits, and Whizz.
Does ACEV have a minimum cash condition?
Latest filing from ACEV is announcing a meeting to extend the merger deadline once again. This time from July 13 to Oct 13. No meeting date that I can see yet but today would have been the last date to own commons in order to take part in the future vote. I've already more than halved my warrants' CB from 1.22 to .57 and ACEVW is currently at 18¢ hmmm I risk the deal falling thru but could be a good opportunity to buy more if there's going to be another 3+ months...
Guys, does anyone know anything about ACEV? They should have finish business combination by now. General meeting was on 5th May. Still no news.
I mean it was a good find and a smart play and look you could swing those 50 cent calls for 80 cents and make a quick 60%. I wish I had thought about the redemption aspect. I spent a lot of time analyzing ACEV tempo automation and trying to figure out if there was a play but not sure.
For those of you who like to sell covered calls, ACEV May $10C at $0.20 look like a good opportunity at the moment. Merger vote was originally scheduled for tomorrow but has now been delayed until some point in the future TBD so they can work on their financing. With only 2.5 weeks left to OpEx, it seems unlikely to merge before then. \[Disclosure: I have 12,500 shares at 9.97 and 125 short calls at .25.\]
For those of you who like to sell covered calls, ACEV May $10C at $0.20 look like a good opportunity at the moment. Merger vote was originally scheduled for tomorrow but has now been delayed until some point in the future TBD so they can work on their financing. With only 2.5 weeks left to OpEx, it seems unlikely to merge before then.
Damn, ACEV postponed their meeting. There go my my puts...
Agreed, *so far* there haven't been that many liquidations. Remains to be seen how that will progress in the next 18 months. ACEV was one of the definitive agreements that was terminated, now they are voting on the Tempo deal on May 5. And Spring Valley (SV) terminated the deal with AeroFarms, now it looks like the new deal with NuScale will probably be approved and close in the next two weeks. Yunhong (ZGYH) was the only one liquidated in 2021, and so far Burgundy Technology (BTAQ) is the only one for 2022, although CHP Merger Corp (CHPM) will probably Liquidate on April 25 and Alberton Acquisition (ALAC) may liquidate on April 26. SCVX is on life support ( and the Pink Sheets ) and looks like it may be forced to liquidate as well.
ACEV/TMPO business combination vote scheduled for Thursday, May 5, 2022 10AM EST. We're cordially invited to this extraordinary event.
NSTB ACEV SV? Got new targets though
They are, unfortunately it's exploit 101. That's why I was curious with my other comment's question, ACEV has 7% institutional ownership, low for a while now- I know they had a previous target fall thru and lots probably got out then, or maybe the 7% represents the arbitrage and I only just get to learn about it until now even tho the number reflected it earlier.
ACEV/Tempo Automation 8-K > a total of 772 Shareholders have elected to redeem an aggregate of 14,797,723 Class A Ordinary Shares, representing approximately 64.34% of the issued and outstanding Class A Ordinary Shares. Vote to extend merger date passed. Should be completed at or before July 13
Yeah gonna go against the grain and say this is why SPACs will have a tough road back. He paints with a broad brush and obviously iNvErSe CrAmEr, but SPACs have had a brutal year and significant damage has been done. 1) Ackman failure 2) PIPE bails and deal call-offs (I personally got burned by ACEV/Achronix) 3) Large trust SPACs taking fucking fooorrreeevvverrrr and then giving you a lottery company 4) Many horrible deals with horrible valuations 5) Slowing DA’s and then no pops on DA’s when they come 6) Many drop 50% when NAV floor disappears It was clear—the CNBC crowd hated them, FinTwit exploited, EconTwit posted charts of intraday drops regularly. The bad sentiment is real. Cramer is a douche, but he’s really just personifying the sentiment.
I also sold a small position of commons I had. Will be checking Tempo once again when they merge and have some earnings. Still believe the ACEV team is interesting.
Unfortunately had to sell out of ACEV after the failed deal with Achronix, but good to see them having success.
Just keeping you up to date with the latest AVEV filings lol. The latest 425 confirms that Tempo/ACEV has received an additional $121m in financing from Oaktree, to help close the transaction, bringing the proceeds to over $500m. [http://delivery.sec.report/JEIBQX?id=95272=dBkCBgwHBAMLS1RcAAUFWwADU1sLUFtYV1EBAVRSDQADBAYCUQZQUg8OBV0HUFZVBgJKAlQADE0CUAsLB3NSXFYMXhhWXVtICAEBVgRXAFVQUARSAVdUDQcaUE1EQw8eGAFXWlxEU0ZAGUYBUkpCBhIJRBccLydwcTdgBllXSUcE&fl=XxFGRkYIGRtKUlZKQwFADBASGSdcBhdUVghMFgADBQAGVQYAAAsbBgsaBVQEVgVaTQ==](link)
OCA: voting open thru the 30th to set the merger date with Kin on Jul 19. Holders as of Dec 27. ACEV: vote on 21st to extend merger deadline to July 13. If approved, sponsor will front up to $1.5m in loans to the target, Tempo Automation. I *think* holders as of Dec 15.
ACEV vote Fri Jan 21 to extend merger deadline. From the proxy materials: > While the Company and the other parties to the Merger Agreement are working towards satisfaction of the conditions to completion of the Business Combination, the Board has determined that there may not be sufficient time before January 30, 2022, to hold an extraordinary general meeting to obtain shareholder approval of and consummate the Business Combination. Instead, the closing of the Business Combination is expected to take place as soon as practicable after such meeting, which is expected to be held sometime after January 30, 2022, but before July 13, 2022, subject to the satisfaction or waiver of the closing conditions in the Merger Agreement. Accordingly, the Board believes that in order to be able to successfully complete the Business Combination, it is appropriate to obtain the Extensions. The Board believes that the initial business combination opportunity with Tempo is compelling and in the best interests of our shareholders and > [ACEV] has agreed that, if the Extension Amendment is approved, the Sponsor will contribute to the Company as a loan [...] $0.03 for each Class A ordinary share of the Company that is not redeemed in connection with the shareholder vote to approve the Extension, for each month (or a pro rata portion thereof if less than a month) until the earlier of (i) the date of the extraordinary general meeting held in connection with the shareholder vote to approve the business combination between the Company and Tempo Automation, Inc. and (ii) $1.5 million has been loaned.
ACEV feb 10p are insanely cheap at 0.15. Is there something weird about this spac that I’m missing?
> ACEV (Tempo Automation) at $0.68 Definitely bought, and will be buying more, at this price. Warrants... I get it now..
NAAC (TeleSign) at $0.73, SCLE (Voltus Energy) at $0.93, TREB (System1) at $1.15, FOUN (Rubicon) at 0.77, EJFA (Pagaya) at $1.29, MBAC (Syniverse) at $1.16 and ACEV (Tempo Automation) at $0.68
NAAC (TeleSign) at $0.73, SCLE (Voltus Energy) at $0.93, TREB (System1) at $1.15, FOUN (Rubicon) at 0.77, EJFA (Pagaya) at $1.29, MBAC (Syniverse) at $1.16 and ACEV (Tempo Automation) at $0.68
Valiant effort writing some DD on a SPAC; thanks for that. We don’t get that often now. I am long Starry, but only a portion of what I’m willing to buy because I’m shook a bit by the multiple deal cancelations. Achronix/ACEV burned me in particular. So for something like this, I think you can tell that the price will plummet after merger but I will be a buyer. I have just a small $1000 starter position to remind me to buy more on the dip after floor removal.
Ugh. I saw this coming but held on to the warrants hoping it would somehow make it despite the delay. This and ACEV/Achronix were the two I was most excited about. I’m bad at this.
ACEV DA was mid Oct, so the merger might take a few months.
Why is IV so low on MCMJ Dec calls? Because of the extension vote? Same thing with ACEV calls. Seems weird seeing these close-to-merger SPACs with insanely low IV
>ACEV/Behrooz Abdi See if they are interested and point them here ACEV/Behrooz Abdi
OCA/Kin has been doing a lot of interviews so I'm looking forward to seeing what questions we can come up with. ACEV/Behrooz Abdi caught my eye today, they are merging with Tempo Automation (and their investor webcast is no longer available). Thanks for organizing these!
The hand was writing all over the wall that the HCIC deal was going to fail. I learned how to read the signs the hard way when the ACEV deal fell apart. If the deal is looking iffy, bail. It’s not worth holding warrants for suspect deals.
I like ORGN, IONQ, DNA, PSFE for the long haul. ACEV has DA with Tempo; think that could be a long term winner. NSTB has DA with Apex; I like that long term as well. Three I'm holding warrants and/or options and/or shares in now, and am very interested to see how they play out: ASZ (massive trust, Bill Foley), PRPB (again, big trust, Chinh Chu), KVSC (I really like Khosla)
I’m still rooting for ACEV. FT wrote that SEC is potentially still investigating some disclosures made by Achronix. So might have been not ACEVs fault.
$ACEV is a SPAC I'm loading up on today
Your first post was old info and not informative, but I thought you can like a spac. Now you are just pumping. I like ACEV, but don't pump here please.
$ADER, $RBAC, $ACEV. Some hold, some don't. The pop is not as strong as earlier in the year, but it's there and better than the un-moving shares.
Been stuck with ACEV since the achronix fiasco. Hopefully we see a good move
I don't know anything about this target, but isn't $ACEV the same group that had the Achronix merger called off earlier this year? Tempo could be a dud, but most of the work in a SPAC merger is getting to a DA, so you can't knock the hustle of $ACEV. If I was bagholding one of the endless amount of pre-DA SPACs, an announcement like this would really piss me off.
I think this may be one of the first of these we’ve seen. ACEV and Achronix had what I believed to be a vastly underrated deal. I was big in ACEV then the rug got pulled. This looks to be at first blush a decent deal and target too. Good on the ACEV team. This points to there not being a shortage of companies out there, especially for good mgmt teams.
$ACEV DA Tempo Automation Inc., a Leading Software-Accelerated Electronics Manufacturer, Set to Go Public Through Merger with ACE Convergence Acquisition Corp
Ok, so I'm * bagholding AVPT, MVST, and OUST. Am I convinced these are good businesses? I have no idea. I could have even got out several times at breakeven or a with slight profit, but I just didn't sell and now these are in a strong downtrend. * in GSAH (somewhat bullish) * in RKLB (fully convinced and still up slightly, but should have bought more at 10, sold at 20, and rebought later) * still in PSTH and ACEV with their failed mergers and ETAC with nothing Tell me its gonna be alright ;-)
I mostly play warrants. The reason why I have been stressing in warrants in this situation is because it looks good right now, but when do you switch back, especially on a play like DCRC which is high risk, high reward? Let's say commons go up 100%. I'm pretty sure warrants would more than double. Let's say commons go up 50%. Would warrants go up more or less than 50%? I think more than 50%. So let's say commons went up 10%. Then you going to try to switch back into warrants at $2.20? That's probably in the noise for warrants. IMO, the only reason for commons over warrants is to reduce risk. Warrants will probably go down 50% if the commons go down 20-30%. Also, Warrants go down if something goes wrong with the deal. (One of my favorites was ACEV/Achronix, that one still stings.) So if you have less overall risk tolerance, or are not as bullish on this particular deal compared to others, then maybe commons make sense. So, I'm not saying warrants over commons, I'm saying I don't understand the 'undervalued' argument.
Be careful with warrants. If the deal doesn’t go through they will crater. I’m bagholding ACEV warrants.
No, he's 100% right, it's a major factor and likely the main one explaining why you will see these moves on ticker change the day of. Is it stupid? Yes, people are buying at $12 who could have bought for $10. But often their mandate does not allow them to, or they do not want to take the deal risk (TWND, XPOA, ACEV) no matter how small for a deal like this.
Not ACEV, deal with Achronix was terminated a while ago.
Looking for $10.00 pinned SPACs that are showing accumulation volume. Already in DCRC and DMYI commons for that reason but trying to find similar setups. Maybe GSAH or ACEV?
Momentus hasn’t aged great either haha, it’s been a rough summer in spac land, hoping ACEV can find something half decent to make another deal with!
ACEV didn’t age well. I had the same three picks 150 days ago!! Still long and string on LATN.
ACEV brings me back, why'd that deal fall through, in short?
Things are getting worse and worse. XPOA, ACEV, TWND, MUDS terminated their deals and probably more to come. PSTH being a shitshow.
Was going to hold ACEV/Achronix but that did not work out as I expected.
ACEV and PSTH now making me a lot more nervous for TPGY.
Hopefully they aren’t looking at ACEV for inspiration.
Tell that to my ACEV warrants
Correct, ACEV is doomed. The space travel stock SRAC I liquidated today in a hurry. Their propulsion system was never tested. SEC is fining the Spac premerger. Cathie Woods got an etf on space travel consists of these questionable companies.
If not sure if ACEV has enough time to get another deal. I dumped all my warrants today at $.80. It was hard to do but I think it’s the right call
Well it seems to be changing daily, but here's the gist: Buy cheap Pre-DA warrants and watch them fluctuate 5-30% over and over for 6 months. But this is considered "safe" in the SPAC world. After DA some will pop 40-100%. But then you get to sit and watch them slowly bleed out for 6 months. And after 6 months, sometimes you even get to see the deal fall through (I.e. ACEV) and you lose everything. If it doesn't, then sometimes there's a pre-merger run up in the last few weeks before. After de-SPAC, the fun may continue for 2-7 days afterwards, just so you get comfortable, and maybe even buy more, but then it tanks. Hard. Then when you double down and buy the dip, and you think a recovery is happening, the PIPE unlocks and they tank again, harder. And then that brings us to *now* in the new meta of SPACs. We're not sure what's going to happen with all of these new de-SPACs. Maybe they will recover after the PIPE dump, but it's yet to be seen. (But then you also get to watch for issuing additional shares, dilution, short attacks, calling of warrants, etc.). SPACs are so much fun!
I was so hopeful of getting Achronix in my portfolio. Didn’t sell the shares of ACEV yet. Not sure they can pull something off in the next months…
Agree: Very little PR beyond generic babble ... this is the first solid "order news" since DA. At least there is a merge vote on the horizon, so there is some expectation we don't have another ACEV on our hands.
I think ACEV was a one-off. DA was 6 months ago and the deal had clearly stalled. The only other SPACs that I could potentially see not being able to complete their deals are TPGY, ALAC, SRAC, and a couple of the dodgy Chinese SPACs (ESSC for example although they did recently file their preliminary proxy with the SEC).
I’m buying lots of near merge warrants around $1.5… although the ACEV thing could hurt if it happened to others. Think chances are low tho