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[Alpine Acquisition Corporation Unable to Complete Business Combination, Will Liquidate](https://www.sec.gov/Archives/edgar/data/1853651/000121390023024136/ea175958-8k_alpine.htm) \- REVE REVEW "Alpine has determined that it will be unable to consummate the transactions contemplated by the Business Combination Agreements within the required time period and therefore has determined to cancel its special meeting in lieu of an annual meeting of stockholders called to approve such transactions. Alpine will now commence the process of liquidating its assets in accordance with its amended and restated certificate of incorporation. Alpine’s warrants will expire worthless."
REVE on the 28th, but that's been adjourned so many times, who knows what happens.
My watch portfolio: WINT (RS play); KRBP (RS play); CXAI (despac play); NSTC and REVE (SPACS). You can thank me later.
Wow so REVE extending again? Announced adjournment to the 28th but sitting under NAV today 🧐
[Alpine Acquisition Corporation Announces Intention to Further Adjourn Special Meeting of Stockholders until March 28, 2023](https://www.globenewswire.com/news-release/2023/03/14/2627217/0/en/Alpine-Acquisition-Corporation-Announces-Intention-to-Further-Adjourn-Special-Meeting-of-Stockholders.html) \- REVE REVEW Meeting has been adjourned for over a month at this point.
REVE. It is my understanding they did a month extension until they have to consummate a business combination. We’ve seen this thing pump a couple times on the low flow. Anybody know the NAV on this?
I don't remember anyone mentioning that there was 1.2M of volume on REVE on Friday, but after hours, 38k shares changed hands above $13.75. Only 87k volume today.
[Alpine Acquisition Corporation Shareholders Approve Extension from March 2, 2023 to April 2, 2023](https://www.reddit.com/r/Spacstocks/comments/11gmbkg/alpine_acquisition_corporation_shareholders/) \- REVE REVEW
REVE. Why is this up 26%. I thought it was liquidating if they didn’t have a business combination by end of day today.
I mentioned $REVE the days before vote because of the insane bid-ask spread and corresponding volume moving the SP up and down too much. Problem was they rescheduled the vote so I dipped with a small profit. This is their second rescheduling.
Some floats on deals about to close: EBAC 1,249,100 shares left. HPX 918,105 shares. TPBA not sure yet but 3+ mill I believe. REVE meeting pushed back to March 16, float must be tiny.
Close but not quite. Look at $REVE for example: [https://www.sec.gov/Archives/edgar/data/1853651/000121390023008985/f424b30223\_alpineacquisition.htm](https://www.sec.gov/Archives/edgar/data/1853651/000121390023008985/f424b30223_alpineacquisition.htm) ​ It says "no later than two (2) business days prior to the Special Meeting." as well but you can see in the charts that NAV fell on the 21st, despite the meeting being on the 24th. This is because of the T+2 rule, where you factor in a day for settlement. Arbs need the transaction to settle the day before the meeting.
[Alpine Acquisition Corporation Adjourns February 24, 2023 Shareholder Meeting to Vote For Business Combination with Two Bit Circus until February 28](https://www.sec.gov/Archives/edgar/data/1853651/000121390023014211/ea174214-8k425_alpineacq.htm) \- REVE REVEW "On February 24, 2023, Alpine Acquisition Corp. (the “Company”) adjourned its special meeting in lieu of an annual meeting of stockholders (the “Special Meeting”) scheduled for February 24, 2023 at 10:00 a.m. to February 28, 2023 at 2:00 p.m. to allow additional time for the Company **to engage with its stockholders and solicit additional votes and redemption reversals**."
Anyone still trying to find the next $LUNR take a look at $REVE. That bid-ask is preeeettty wide...
$TPBA preparing its booster for liftoff? Vote was today. Holding a good amount at $9.51 waiting for numbers. Hopefully they come AH. It's also not too late for $REVE, which is almost certainly low float.
$REVE gonna be a low floater. Mark my words.
Got the NAV floor drop dip for $TPBA and $REVE. NOICE!
Actually, it's a bit of a return to SPACs of yore. In November 2018, IAM Capital Acquisition [merged with Smaassh](https://www.globenewswire.com/news-release/2018/11/21/1655349/0/en/I-AM-Capital-Acquisition-Company-Announces-Closing-of-Transaction-with-SMAAASH-Entertainment-a-fast-growing-global-virtual-reality-gaming-and-sports-entertainment-company.html), "a global virtual reality gaming and sports entertainment company" that had, among other attractions, a [Go Kart track inside the Mall of America](https://tcbmag.com/smaaash-go-kart-arcade-closes-at-mall-of-america/). That worked out about as well as you might guess. Company is now known as Simplicity Esports and Gaming Company ( WINR WINRW ) on the OTCBB after doing a 1 for 8 reverse split in 2020. "Simplicity Esports and Gaming Company (WINR) owns 17 esports gaming centers, and is the franchisor for 16 esports gaming centers that give the public an opportunity to experience gaming and esports in competitive and casual social settings, regardless of skill or experience. Simplicity Esports also owns a Riot Games League of Legends franchise and top Brazilian esports organization, Flamengo Esports. " Then there was Black Ridge Acquisition Corp, which merged with Allied Esports International and World Poker Tour (two separate companies) in 2019 to form Allied Esports Entertainment ( AESE AESEW ). Then in 2021 AESE sold off the World Poker Tour business for $105 million, and stated they intend to invest that in some new venture. AESE also stated they were considering selling the Esports business, but the buyer changed their minds. AESE is still on NASDAQ, never done a reverse split, trades around $1.35 a share, and is delinquent on their SEC filings. "Allied Esports owns and operates HyperX Arena Las Vegas, the world’s most recognized esports facility and the company’s global flagship venue, as well as the Allied Esports Trucks, the first 18-wheel mobile gaming arenas." Anyway, FWIW, the REVE deal looks a bit like those.
Alpine Acquisition Corporation (NASDAQ:REVEU, REVE, REVEW))) ("Alpine"), a special purpose acquisition company, and Two Bit Circus, Inc., creators of the world's first Micro-Amusement Parks and an experiential entertainment leader jointly announced today that they have entered into definitive agreements for a business combination.
I’ve been buying for a while, first starting really buying last May and got fortunate with timing. Some ones I bought in the fall were like TLGA, ATA, RICO, REVE, GAMC, CENQ. I was fortunate and got out of most of those with a decent profit before the downturn. The only pre-DA ones I have over that $.50 threshold is LHC and NSTB (barely CB $.52). I did buy RCLF after the DA at $.98. Aside from those all my other holdings are under $.50 from a warrants perspective. Much less risk than buying the “premier” spac teams at a premium to their like split competitors.