Reddit Posts
Flexjet, a Global Leader in Subscription-Based Private Aviation, to Become a Public Company Via Business Combination with Horizon Acquisition Corporation II - HZON HZON.WS
Selling my PFIC SPACs by Dec. 31st (within a year of holding) - avoiding nightmarish tax reporting
I went deep on a sports betting stock which filed for IPO - SRAD DD
$HZON - Sportradar Pulls $10 Billion SPAC Deal in Favor of Traditional IPO
How chatter looked on Friday in various SPAC channels. Leaders: PSTH (obviously). Other top SPACs: CCIV, STEM, GSAH, HZON
Genius Sports ($GENI) - Picks and Shovels of the Sports Betting Industry
Genius Sports Limited ($GENI) - Picks and Shovels of the Sports Betting Industry
$HZON - Sportradar, Boehly’s Horizon SPAC Extend Acquisition Window
The Reason For Bill Gates & Melinda Gates Divorce!?
SEAH/W will be the next NFL/Sports/Betting Spac to go big
$DMYD moon alert! 🚨 🌙 SPAC dMY Technology Group II soaring on NFL deal with Genius Sports 🏈
Sportradar acquires Synergy Sports, majority-owned by HZON's Todd Boehly
Todd Boehly of HZON files for $500m IPO of new SPAC Horizon Acquisition Corp III
Sportradar Buying Synergy Sports From Boehly-Led Firm Amid SPAC Deal $HZON
US MSO's trading at a 59% discount to their MSO peers
Mentions
Haven't been here in months, mostly due to giving back most of my 2020 profits by having too DCA down with way too many SPAC warrants and then being worth pennies or liquidating all together. But on a positive note and as crazy as the ride with HZON was... the craziest part is I'm fully out today with about 11% profit (CC's and share gains)! Hope all are well!
HZON termination interesting. Market conditions have actually improved, for now, since DA in October so I wonder what happened for Flexjet to decide instead to burn $30M in a few months. Rough look for management there.
HZON still keeping the lion's share of the payout. "The terms include **a termination payment of approximately $30 million from Flexjet to Horizon**. [As a result of the payment and after satisfying its liabilities for expenses and working capital loans](https://www.businesswire.com/news/home/20230411005920/en/Horizon-Acquisition-Corporation-II-Agrees-to-Terminate-Business-Combination-Agreement-with-Flexjet-Inc), Horizon expects to redeem all of its outstanding Class A shares for a redemption price of approximately $11.33 per share (the “Redemption Amount”). This is an expected **increase of approximately $1.30 per share over the current $10.03 per share amount in Horizon’s trust account** (which current amount does not reflect any deductions for liabilities)." [After the October 2022 extension meeting](https://www.reddit.com/r/Spacstocks/comments/y6nglj/horizon_acquisition_corporation_ii_approve/), HZON had 1,723,528 public shares remaining. 15,500,000 Class A ordinary shares are held by the Company’s sponsor, Horizon Sponsor II, LLC (the “Sponsor”), and its affiliates, for a total of 17,223,528 Class A ordinary shares. That works out to $22,390,586 being added to the trust out of the $30 million. So the sponsors are using almost $8 million of the Flexjet payment to "satisfy its liabilities for expenses and working capital loans". Then the sponsors are pocketing ( 15,500,000 \* $1.30 ) = $20,150,000 of the remaining payment. The sponsors bought $8,900,000 worth of private placement warrants in the IPO, which will expire worthless. So the sponsors look to come out around $11 million in the black on this deal.
Great... I tried a few things they seem to be working. Selling CCs CSPs have helped me on some of my long term holds, my entry points have been really good but am scared to hold through for long term. Right now long on STEM CMAX. Selling CCs on GENI SoFi and CANO. Low float pumps had one success. With position sizing and discipline am up 25% from my lows. Could have been better but for someone who dived in head first during 2021 it could be worse. My plan on HZON is same as yours except for warrants I won't hold beyond 50-60% and my entry target is low 40s. I do have 3-4 pre DA warrants - my largest position among these is BRKHW. Hoping for a payday.
I put in bids only to have it snatched by 3-4 cents by these invisible bids. HZON warrants 500k volume and my bid was 41 fuck it poor retail gets owned everytime.
Wins PLMIW, OXUSW small, CPUH again small and HPX. Some 7p 5p sold on STEM and PsNy that expired. Losses RNER. Regret 😞 dcrdw and HZON+ both I sold for 20% and would have been 100+ and 50% respectively. If I had the same # of HPX as I did RNER it would have been golden. Overall bearish but losing conviction
Swapped-out about 4,000 HZON for 4,000 CVII on liquidation hopes, but it certainly isn't trading like a SPAC about to liquidate. Warrants aren't either at over 5¢.
Oxus jwsm and HZON and ALTUW warrants so far
Dafuq that HZON warrants volume today. 15 times daily
My assumption is that deal closes. But the HZON talk last week was regarding unusual share volume trading well-above NAV, in concert with unusual call option buying.
I saw some HZON talk last week, has anyone followed filings? Warrants looking decent in the low .40s if the deal goes through
Here’s my watch list. I owned the Xs - [x] Fuse ( FIntech SPY founder) - [x] AACQ ( Fintech, B2B, Worldpay CEO ) - [x] THCB (Batteries) - [ ] Qell ( Sustainability) - [x] Snpr ( EV & HYLLV2) - [x] Pdac (Environmental sustainability/plug - [x] FTOC ( Fintech) - [x] FPAC ( Fintech) - [ ] CHRH ( John) - [ ] LFTR ( Fintech and maybe crypto) - [ ] SWBK ( SBE v.2) - [ ] ZNTE ( Aviation industry) - [x] CCAC (sustainability) - [x] GSAH ( Goldman) - [x] FPAC - [ ] ALUS (Norway Battery) - [ ] FTCV ( Berry v.2) - [x] CONX ( Maybe 5G) - [ ] SCVX ( cyber security) - [ ] HZON ( Media) - [ ] SRNGU ( Draftking and Skills)
What is the HZON target and how good is it?? I am starting to see some cooling off on calls for GENI. No one wanted to pay the premium towards the end of the day. Not sure if this is the end of the rally.
And another \~80k shares HZON bought tight into the bell; and all above NAV. ¯\\\_(ツ)\_/¯
Hi my good SPAC people! $HZON 👀 Anyone have any idea what's going on with the options action there? Some talk on Twitter but no one seems to know anything. Also curious what the float is? https://twitter.com/search?q=%24hzon&src=typed\_query&f=live
More unusual HZON volume today. Seems unlikely it would be arbs given the circumstance, but WTH knows.
Also re: HZON, the call buying activity today is very odd. Future pump n' dump attempt being set-up?
HZON spiking out-of-the-blue above NAV is odd.
The fact that spac dealmaking activity has fallen off a cliff if proof that the market effectively regulated itself. ​ To counter your main view though, ZGN, BOWL, and WEST were all quality businesses that came to market at reasonable ABSOLUTE valuations. The problem was there were too many VC-esque targets that attracted a lot of capital and quickly it became a comp game on a sector that was insanely overvalued. RIVN vs LCID, no difference how they came to market. Same could be said for ROOT vs HIPO, or VRM vs CZOO. If you're a sucker for pre-rev companies, you will lose money regardless for how they come to market. ​ That said, HZON is still an attractive investment and think it will be a successful public company given mgmt, competitive position, secular tailwinds for private aviation, and most importantly attractive valuation on an ABSOLUTE basis (not some shitty cash burning biz like UP).
I remember 1/2 HZON’s director left before the DA with Flexjet
Starting to get back into pre-DA warrants after a long break (only had a meaningful position on HZON until recently). Here's what I've been accumulating: * KAHC * EOCW * MSDA * STET * SPGS Any others with high-quality sponsors capable of backstopping deals that I'm missing? I've been out of the game for some time now.
Has there been much of a pop on merger day with Spacs? Thinking of just selling my HZON shares
You don't think a company that has been around for 25 years and generated positive FCF of $174 million in 2021 qualifies as a real company? Have you looked at the investor presentation? What is a real company to you? Also, no, if the sponsor is putting up their own money then they won't always win regardless. HZON sponsor bought $155M worth of HZON units at IPO. They are not going to redeem these shares and can't sell until three months after business combination. If Flexjet trades at $4 before they can sell then that is absolutely not a "win" for them. The free sponsor shares would not cover the shortfall.
If SPAC sponsors are willing to put their money where their mouth is through backstopping redemptions and/or forward purchase agreements IMO we will see more quality companies go public via the SPAC route. The allure of guaranteed cash is a powerful thing. Flexjet are getting a guaranteed $300M from HZON's sponsor and it's clearly in the sponsor's best interests to get a good valuation given how much money they are putting up. Sponsor and companies interests are aligned here. You can't say the same about a lot of these dogshit SPAC deals where the sponsor isn't putting up their own money and is happy with a bloated valuation because they are going to cut and run with their founder shares when lockups expire anyway. Even if they only get $2 a share back they are probably happy enough.
What a day! 1. I bought HZON warrants this am at 20 cents average. I just sold for a day flip at 60 cents! 2. More importantly, I received my Stryve Garlic and Herb Biltong Slices and its delicious! Probably in my Top 3 Biltong products.
Why the F did HZON warrants do 300% today>?????
Damn didn't even see the $HZON warrants until now. WOW!
How does HZON have a volume of ~3M but the price has not changed at all?
Why are HZON warrants going crazy, but the commons haven’t moved an inch?
HZON.WT volume is insane. Was there anyone with substantial load under $0.2 ? Currently it's 300+% gain. Congrats to lucky ones :) Nice to see something looking like a win.
I don't get it, what is this HZON DA are you talking about? SPACs are squeeze, puts, shorts and -90% on your account
I'm not saying sPaCs aRe bAck, but between HZON and DCRD that's two legitimate deals with realworld companies as opposed to fairytale business models valued at eleventy-billion dollars.
Congrats HZON warrant holders. That's a nice pop on good volume
HZON DA with Flexjet. As I noted earlier in this thread today, I sniffed out what I considered a fairly unusual trade on Friday. Sometimes someone does know something. https://www.bloomberg.com/news/articles/2022-10-11/boehly-s-horizon-spac-said-to-merge-with-jet-operator-flexjet?sref=mlIbpReW
Just noticed someone bought a \~430k share block of HZON on Friday at $10.01x even though NAV is currently $10.01x. Any hypothesis?
Of course, but judging by other recent, late extension requests like HZON and CONX etc... they'd probably jump to something like 9¢ to 12¢ or so.
>*HZON (speculation thread? who started this rumor?)* HZON and Only Fans isnt a rumor (or course neither were VYGG or UTAA for that matter), it's just my speculative choice for a team that could get Only Fans, for various reasons that dont even need bother going into given how ridiculous all this is anyway.
OnlyFans hit list: UTAA DMYS HZON ~~VYGG~~ ~~IPOD~~ ~~IPOF~~ The list is getting shorter 😮
My default position since day 1 has been Only Fans wont SPAC. I know, boring. That said, my pre-DA Only Fans lotto ticket was HZON. Still own it as it's part of my Cash Gang effort.
I would like to present you all with a piece of history. This is my old SPAC list I found on my phone: - [x] Fuse ( FIntech SPY founder) - [x] AACQ ( Fintech, B2B, Worldpay CEO ) - [x] THCB (Batteries) - [ ] Qell ( Sustainability) - [x] Snpr ( EV & HYLLV2) - [x] Pdac (Environmental sustainability/plug - [x] FTOC ( Fintech) - [x] FPAC ( Fintech) - [ ] CHRH ( John) - [ ] LFTR ( Fintech and maybe crypto) - [ ] SWBK ( SBE v.2) - [ ] ZNTE ( Aviation industry) - [x] CCAC (sustainability) - [x] GSAH ( Goldman) - [x] FPAC - [ ] ALUS (Norway Battery) - [ ] FTCV ( Berry v.2) - [x] CONX ( Maybe 5G) - [ ] SCVX ( cyber security) - [ ] HZON ( Media) - [ ] SRNGU ( Draftking and Skills)
RIP ETAC... HZON and IPOD are next
Wonder what is up with HZON. The warrants are up 35% on the ask, but no one is selling. Zero volume.
up 150% on ETAC warrants, so long as they don't call off the deal LOL. Building a nice HZON warrant position at these prices, way worse lotto tickets.
I bought a few thousand more Chu shares last week at $9.78 I think it was. And I've been picking away slowly at a few of the Churchills. I had bought 10,000 shares of LEAP when it dropped, but it's back up to $9.90 now. And my Only Fans SuperBowl Square choice was HZON, but I dont expect to make more than a pittance on that given it's high $9.80s.
RightTackle :mumbles: "Save me from my 800K HZON L" 😂 The hate for him in here was real
I have July calls so I still have a couple more months. but he really needs to deliver something. at the very least hopefully his attention can go a little bit back to HZON now that he's won the bid
"A group led by Los Angeles Dodgers part-owner Todd Boehly is set to enter exclusive talks to acquire Chelsea Football Club from Russian billionaire Roman Abramovich" - WSJ HZON incoming :P
I am once again asking for you to buy my HZON july 10C
Message unclear, bought HZON puts
HZON warrants spiked earlier today too, but then came back down
Whether he actually did or not, he claimed to have $5million which he went all in on HZON then SRNG before warrant split. It was a point of contention and criticism that he was buying a massive position, posting his positions, then selling into the liquidity. He is not unique and I don’t doubt that there are others with the same bank roll that follow the same all in here or there strategy which might explain that massive IPOF buy.
guys okay ERES definitely going to be Onlyfans. write up coming after the HZON one
guys HZON is definitely going to be Onlyfans. write up almost done.
Potential SPAC for OnlyFans. Lots of speculation around VYGG, IGAC, AVAN, HZON and someone posted this other one but deleted it to keep it a secret while they build their postion. I respect that so won't post the name here for now.
Media spacs in the 400m+ range (which seems to be the right range for OF’s new higher valuation): HZON - 500m LMACA - 500m SCRM - 750m ARGU looks interesting- only 300m BUT: “"businesses in the media/entertainment/sports industry including “over-the-top” digital streaming, mobile gaming/interactive entertainment, digital media including advertising/marketing technology, health and wellness/lifestyle, live events/experiential consumer-facing technology, and related industries"” Also some targets being discussed for other reasons on r/spacs - AVAN - 750m IGAC - 375m IPOD - 575m IPOF - 1438m “OF”! MAQC - 224m
Sport Radar yes, and HZON first time around ended up with Draft Kings
why is HZON so familiar spac - did they have a DA and the company backed out of the deal I forgot
HZON 5x average volume already. No position there and I don't think I'm going to go that route. Still eyeing VYGG after picking up some IGAC this morning
Got my order in for IGAC tomorrow may have to dump some other change into HZON in my other account. I know we can't be like Pokémon and try to catch em all but they are both below nav anyway.
F*** HZON. Their sports radar meltdown cost me a boatload of long calls
Do you have a link to that? LOL. I have some HZON...
I really hope it's $HZON. The only DD from here that I'll never forget.
HZON, IGAC or both for OnlyFans rumor? Already parked cash in IPOD/IPOF.
HZON and IGAC have been bumping up for a week or so. Haven’t been following avan.
HZON, IGAC and AVAN already higher than average daily volume. Granted we are only talking 100k avg per day but clearly the OF rumor is generating buzz
Good points. Found these; HZON - 500m LMACA - 500m SCRM - 750m
We have over 600 SPACs searching. Chances are OF is not gonna be one of the bags that are popular on here: AVAN, IGAC, HZON, IPOF etc
Do we have DD on IGAC? seems like that one and HZON going for media could fit the target. I don't remember why AVAN was linked to pornhub at the time either
Yup… at this point you have to either get very lucky or watch the rumor and news cycle closely and hope you can jump on any further rumors or confirmation early enough to benefit. So far I have Open small positions in the following SPACS: AVAN HZON IGAC IPOD IPOF
OF potential deal seems like the speculative play. What’s the harm of picking 3-4 SPACs with potential and parking 1k shares in each? I was going to do AVAN, HZON, IPOF and IPOD. Curious if others have another to load? I’m not seeing much risk here on the gamble.
Is there a real case to link AVAN or HZON to OnlyFans? Just plunked some cash into IPOD so I can have it settled and sell and buy whatever OF goes with if it's not IPOD. Have some other cash to park if HZON or AVAN or whatever are serious possibilities.
Now I have Everybody (Backstreets Back) stuck in my head because someone said SPACs are back (alrigh!) Oh my God we're back again Brothers sisters everybody sing Gonna bring the FOMO show you how Got a DA rumor better answer now, yea Is it OnlyFans? Yea Is it HZON? IDK Is it Chamath? IDK Is it everything you dreamed You better get some FOMO now
Believe so, sportradar deal fell through in june21, HZON looking for businesses in “media and entertainment industries” so it fits the bill. 525mm trust
Is HZON still searching? I remember them being a candidate for OF back in the day
> (HZON most likely to pull this off imo given SEAT) Todd plz bby
It's a true shit show. But for once, I *do* think the drop is mostly justified for a few reasons: 1. there has not been a single decent DA in 3 months and deal terminations are everywhere 2. there has finally been serious carnage in tech and some other pockets, so the opportunity cost of owning warrants is way higher 3. it's extremely difficult to assess the probability of SPACs making deals in this environment That said, if we do get a deal with a big enough PIPE and/or backstop (HZON most likely to pull this off imo given SEAT), the upside is truly massive from these levels. If HZON performs as well as SEAT, for instance, that'd be an 8x in a few months. Furthermore, comps will most likely be at depressed levels - so we could see a situation like SKIN where the best comp is up 2-3x since the DA by the time of the merger.
HZON fintwit speculation on Chelsea and Boely link
There are a lot of warrants that can 5x, but right now it’s a guessing game. I like IGAC because Tusk has said he will find a deal for sure and it’s trading at .40 and HZON because Boehly is well connected. The structure of his first SPAC SEAT is great for shareholders.
Only have IGAC and a smaller position in HZON. If the market recovers then I might trim and buy more into HZON. The opportunity cost right now is just too high imo
Yeah, I would be buying here if I didn’t have a position. I’d also get back in HZON under .50, but rather invest in post DA stock
Slowly dusting off my cash in warrants, added a little PCPC, HZON, IGAC
Thanks. Think these are still too pricey for me. Not sure if they should really be trading for $0.30 more than HZON, etc.
I actually bought some more IGAC these past two days. Tusk said through email they’re going to close a deal for sure and they’re looking at profitable companies with strong enough balance sheet in case of redemptions. He said they will not raise a large PIPE or may not have a PIPE at all. IGAC at current price is being priced as unlikely to find a deal. I also added HZON because Boehly’s structure of SEAT was one of the best and I think he won’t have issues closing a deal.
We'll look back on this January as a flash correction. A blip on the chart Go to spy and zoom out. Those who hold, win.. as long as you don't by junk at the top prices Hoping PNTM LFTR or DCRD all DA next week Would take IPOF or HZON for fun $Pntm will be the top pick friends. Mark it here. We can celebrate by Summer that we held and bought in these overreactions!
Obviously not rooting for prices to go lower, but the risk/reward starts piling up the lower pre DA prices go. The risk is always that it goes to zero, but I’ve honestly never really understood this argument. The deadline is not a secret. There a tons of SPACs out there, so if liquidation is a concern, just don’t hold warrants that have a deadline approaching. Now, if there start to be a bunch of liquidations, that could definitely lead to losses on your holdings as it could cause some panicking (but like the article says, the market is already severely pricing in liquidation risk). The other thing I’ve noticed is that the past couple of weeks, a lot of the lower tier warrants that I follow have bounced around in the low $0.40s to $0.50 range kind of staying in the same range, while a lot of the premium warrants have stated drifting down (LEAP, VYGG, HZON to name a few). I will probably start selling some lower conviction warrants I have and buy the premiums that now have a much better r/r.
I’ve held LEAP since IPO and I’m just not confident anymore. I do think HZON will find a target.
The weak, ill formed spacs will not find targets. There are too many. Large, quality structure spacs will get large High quality targets. LEAP should. HZON should. Even Chamaths f and d will. PNTM is the best for a very nice one soon Companies need this money more than ever and valuations are going to be better than they've been in maybe a year
What are you buying? the warrants I’m most bullish on are HZON and IGAC
Scaling in a lot more $PNTM and a little $HZON PNTM is the nearest term. Looking for PNTM to be the nearest term big deal to bring some positive attention here like deals of the past have. Certainly safe at these levels. Loving it. I actually didn't want a DA when the market was so high due to high valuation risk My wish for a drop was granted but I guess I wished too hard and dropped some too much! Still it's good for the PNTM valuation against peers so it'll help the price jold and gain imo
Massive backstops are the only answer. Go with the sponsors who can pull that off and/or have done so. That's why HZON is attractive to me in particular. The HZAC/SEAT deal had a full backstop and a sponsor promote converted to warrants to minimize dilution and align interests with all parties. SPACs that can offer such company friendly terms have a serious edge in this market.