Reddit Posts
$HUBC - The Cybersecurity Underdog, Fumble Recovery
$HUBC - The Cybersecurity Underdog, Fumble Recovery
$HUBC has massive potential and management is signaling a path to multi $
$HUBC - The SQUEEZE, The Social Sentiment, The %2 Week HIGH
The RNER/HUBC Fiasco-Potential Explanations
The curious case of $HUBC...Spac merger that holds shares hostage while investors lose thousands...
Anyone else playing $RNER - Merger completion. Opening as $HUBC tomorrow, they are also ringing the bell tomorrow morning. Could get spicy 🚀
$RNER Printing Consistently Premarket Here Guys - Good Morning Reddit Gang ☀️
$RNER Printing Consistently Premarket Here Guys - Good Morning Reddit Gang ☀️
$RNER Printing Consistently Premarket Here Guys - Good Morning Reddit Gang ☀️
Ladies and gentlemen the next despac squeeze incoming tomorrow ….. 🥁 🥁 🥁 RNER !!!
Show me the money: Investors in Hub Security’s SPAC still haven't deposited the money - RNER RNERW
You want runners and low floats in your SPACs? Try a 61,000 share float. Not kidding. Details inside.
You degens want a low float play? Ever invested in a stock that has 61,000 shares? Check inside for details.
$RNER new spac with big money and no shares available
HUB Cyber Security ($HUB.TA) and Mount Rainier ($RNER) Announce Registration Statement Effectiveness and Special Meeting Date to Approve Business Combination
Hub Security (HUBC) Files Amendment to F4 Registration Statement for Its Upcoming $1.28 Billion Nasdaq Listing via SPAC Merger with RNER
HUB Security Shareholders Approve $1.28B Nasdaq SPAC Merger with RNER
HUB Security Files Amendment to Registration Statement for its $1.28 billion Nasdaq Listing
The Ukraine Conflict's Best Moments Cyber innovators' Crucial Role
Quantum Readiness Stocks Raking In The Benjamins
Quantum Computing Disruptors Emerge from the Cyber Security Industry
HUB Security (TASE: HUB) and Mount Rainier Acquisition Corps (NASDAQ: RNER) Enter Definitive Business Combination Agreement
Mentions
Usually, the stock that is not pumped on reddit shortsqueeze is usually the one running. Just saying. Pipe investors paid 10$/share and RNER holders 5-6$... With all the fundamentals behind this stock, if you are not bullish here, Im not sure why you are investing. Been here since 1.10 bottom.
I don't want to piss on anyone's pump but this is some of the most insane bullshit I've ever seen anyone spew on these boards. HUBC had $37m revenue in the first six months of last year and lost .13 a share, and the combined shareholders equity of HUBC and RNER is $250m. They also don't have the $50 PIPE secured which threatens the whole merger. $100 per share, get the fuck outta here.
HUBC has the ability to waive that requirement. See the following: “The Business Combination Agreement provides that the consummation of the Business Combination is conditioned upon, among other things, the satisfaction or waive by the Company of a requirement that the combined company have an aggregate cash amount of at least $50,000,000 (the “Minimum Cash Condition”) available on the Closing Date from RNER’s trust account (after giving effect to all of the RNER stockholder redemptions) and the PIPE Investors. As a result of the redemptions from RNER’s trust account and the failure of the PIPE Financing to be consummated, the Company waived the Minimum Cash Condition in order to proceed to close the Business Combination.” From: https://capedge.com/filing/1905660/0001104659-23-027433/HUBC-6K Don’t think they would’ve been able to actually file on the Nasdaq if they weren’t able to waive it as stated above
Page 16. Has the condensed combined statement of operations for HUBC and RNER for the six months ended June 30, 2022. $37m revenue, (.13) EPS, shareholders equity of $250m (meaning it's trading at book value right now). This is why the PIPE funding was part of the merger requirements. It also makes the $1.2b valuation extremely dubious. Page xi discusses the PIPE being a condition precedent for the consummation of the deal. I'm not sure why this makes you so aggressive. I'm not "spreading FUD", I'm not short, and I am even saying this thing will pump! But I do believe it's another TRKA in that people are pushing totally unrealistic valuations and there's the potential for a rug pull. That's all. I'm just saying to play safe. https://www.sec.gov/Archives/edgar/data/1905660/000110465922125805/tm2223104-17_424b3.htm
It's important to keep in mind that apparently the company isn't holding the original PIPE investors to their investment at this time. In the event they can't complete the merger then RNER can sue HUBC and HUBC can in turn sue the guarantors. But this is currently a binary play - they get the money to finalize the merger or they don't. They have confirmed $20m of the replacement PIPE and appear to have only received $4m of that. If they can't complete the funding then this thing goes belly up. If they do complete then it's probably a 1.5-2x from here. As for the $1.2b valuation, I'm not sure how they got there given HUBC's annual loss rate for 2022 looks to be $38m and RNER didn't exactly have a robust balance sheet. Regardless, the pump machine appears to be on full blast across social media so none of this matters - people will keep pushing the best numbers and it will get people buying. However, this has high potential to be another TRKA, meaning set reasonable stop losses and if it looks like a rug pull then it probably is. Play safe and hope everyone makes some $$$
The float is currently insanely small as all original $RNER shareholders have a 9 month lockup on their shares. We can go way above $10 given the right volume and push. This could be the next $LUNR.
I bought at 1.38 and stupidly sold on a downswing at 1.41 after finding some sketchy news that put me off. Understandably kicking myself as I had an oversized position and would be up 50% right now, approx $7k. This is definitely TRKA 2.0 though - a bagholder death trap in the making as it's very low volume and can be hard to get orders filled. And people are throwing around crazy claims about its value and potential that simply don't exist. The truth is that the merger required $50m in PIPE funding that never materialized and they've only sourced about $20m as a replacement. They also claim a $1.3b valuation but neither HUBC nor RNER really had much in the way of assets and HUBC didn't make that much profit to warrant such a conclusion. RNER could sue if they don't complete and then HUBC would have to sue the guarantors or the initial PIPE. I can see an ATM being throw out at the peak of a run as a way to get that funding. I can also see it doing a big rally first. The problem is that it is up 50% in a matter of days so you gotta make really careful decisions when it comes to chasing.
I've been holding since RNER. Averaged down and just waiting for it to pop to $10+
It's down post-merger from $10 level. The company went public on the Nasdaq exchange on March 1st. Management wants the stock price up to pre-merger levels ASAP and these PIPE investments will flow in which will push this towards $10. A mere $4 mill injection today pushed the price up 20 %. Imagine what the rest of that investment will do. Pre-merger stock price ($RNER): Feb 24, 2023, $10.5 March 9 (day before going public as $HUBC) $4.99 Today: HUB Cyber Security Ltd (NASDAQ: HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company"), today announced that it had issued and sold approximately 400,000 shares to two of the original PIPE investors at a price per share of $10 for proceeds of approximately $4 million dollars, in a private placement. The shares were sold pursuant to the original PIPE terms entered into in connection with the Company's business combination. The remaining PIPE funds are currently being negotiated with investors and the Company remains in discussions with the investors to receive those funds. https://finance.yahoo.com/news/hub-security-receives-four-million-151500798.html SEC Form 6-K filed by Hub Cyber Security Ltd. The shares were sold under the original PIPE terms for $10 per share for gross proceeds of approximately $4 million. These funds were received as partial satisfaction of those investors’ commitments. The Company did not waive any claims it has against any of the PIPE investors for the remaining funds committed. The remaining PIPE funds are currently being negotiated with investors, and the Company remains in discussions with the investors to receive those funds. https://quantisnow.com/insight/4200270 Remaining funds are currently being negotiated and will result in PIPE investors buying even more shares and slowly pushing the price up towards pre-merger levels. Today: https://finance.yahoo.com/news/labs-reaffirms-20-million-pipe-143000815.html >A-Labs Advisory & Finance Ltd. ("ALabs"), has reaffirmed its irrevocable commitment to invest $20 million in HUB as an equity PIPE investment at $10 per share, previously made in connection with the Company's business combination. This commitment represents a significant premium to current market price. >ALabs has already fulfilled more than 10% (~$2.2 million) of its commitment (as previously announced by the Company on March 14, 2023) and expects to complete the remainder of the funding in the near future. These are $18 million in PIPE investments coming in addition to the $46 million still being negotiated from original investors (not ALABS)
I’m holding the bag on TRKA too. My plan is to wait it out a bit to see if we get any news on potential buyout or other event. Down 40% so there’s not much of a point for me to give away my shares when there is still potential. Today $HUBC is up over 20%, been holding the bag on that since the conversion from $RNER. Finally about to break even and then some. Give it time.
>Market cap: 0 in Yahoo Finance. Chart shows zero action for 9 months, like none, flatline. Then, an 80% drop in 3p days. All the while zero market cap. Company went public on march 1st. Check out $RNER for historical chart. It's a low risk high reward gamble, this won't stay sub $2 for long.
Not to mention all the RNER’s stuck at $6 if they never avg’d down. That’s a big ass loss if they sold.
>It's just that it reads like a hit piece and pieces of what they have published have already been proven false. What, exactly, has been proven false? From the [HUBC 6-K filed March 1](https://www.sec.gov/Archives/edgar/data/1905660/000110465923027433/tm238200d1_6k.htm): "Concurrently with the execution of the Business Combination Agreement, the Company and certain qualified institutional buyers and accredited investors (the “PIPE Investors”) entered into a series of subscription agreements (“Subscription Agreements”), providing for the purchase by the PIPE Investors at the Effective Time of an aggregate of 5,000,000 Company Ordinary Shares at a price per share of $10.00 for gross proceeds to the Company of $50,000,000 (collectively, the “PIPE Financing”). **The PIPE Financing did not consummate at closing of the Business Combination**." The Business Combination Agreement provides that the consummation of the Business Combination is conditioned upon, among other things, the satisfaction or waive by the Company of a requirement that the combined company have an aggregate cash amount of at least $50,000,000 (the “Minimum Cash Condition”) available on the Closing Date from RNER’s trust account (after giving effect to all of the RNER stockholder redemptions) and the PIPE Investors. **As a result of the redemptions from RNER’s trust account and the failure of the PIPE Financing to be consummated, the Company waived the Minimum Cash Condition in order to proceed to close the Business Combination**." The Calcalist article said the PIPE financing wasn't completed. Now the HUBC SEC filing says the same.
Seems like "The Calcalist" is a fairly mainstream Israeli news source, they call themselves "[Israel’s leading financial newspaper](https://www.calcalistech.com/ctech/articles/0,7340,L-3724377,00.html) ". [According to this new article by Calcalist](https://www.calcalistech.com/ctechnews/article/edjal1p7g), HUBC had a market cap of "approximately $205 million" while listed on the TASE, before they merged with RNER. Now they have a market cap of $157 million. "The company's management and its controlling owners promised investors until the very last minute that the moment is coming when the company will reach Nasdaq and trade at a value of $1.28 billion (NIS 4.6 billion). In other words, the company's management's promise to investors was that the value of their holding would be multiplied 3.6 times within a day. As part of the merger with the Mount Rainier SPAC, the Israeli investors were supposed to receive 0.7 shares of Hub in Nasdaq for each share they held in Tel Aviv, but even after the dilution, the offer seemed promising since it was supposed to provide the investors in Tel Aviv with a 2.5-times profit." While RNER was valuing HUBC at $1.28 billion, it was valued by Israeli investors as being worth $205 million. Also, as mentioned below, HUBC is [already being sued in court in Tel Aviv](https://www.sec.gov/Archives/edgar/data/1905660/000110465923029562/tm238768d1_6k.htm) by Israeli investors over the failure to collect the "irrevocable commitment" PIPE. None of the above seem like bullish indicators.
RNER didn't work because it was an uplisting. Think the same thing may happen to LION.
150k to 235k would be a big jump. Seems folks are happy to reverse and sell. When any shenanigans happen it's time to flee. See RNER
If you are referring to RNER, it is a SPAC. They exist for one purpose - a combination that brings an unlisted company into the markets. May want to look up how the de-SPAC process works.
The whole launch was chaotic causing a massive dip none of the brokers were on the same page. Has even been listed for a full week yet. RNER alone is making money with about 54% corporation holders and another 18% institutional. Now combined with Hub Security you do math on its guidance.
Had a moment to look up what is happening, it's kinda funny and sad at the same time :) Turns out HUB merged with a SPAC, RNER, on Mar 1. While HUB did indeed trade on the TASE at a market cap of around US$120M, the folks at RNER thought they could get away by simply wishing into existence a $1.2B valuation. SPACs can do that - the company does not exist in the US markets, and so they can give it whatever valuation as long as someone underwrites it, and releases it to the market. Looks like the market took one look at this, went "lol", and repriced it back to what it was at TASE over three days. It opened at \~$2.50 instead of $10 as wished by RNER, and then fell to $1.17. Has rebounded some since. So it doesn't look like there is any mistake here - it's just markets putting a greedy SPAC into its place, and repricing the company to "fair value".
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
Really surprised there isn't one mention of $RNER / $HUBC here yet.
I was in RNER due to 65k float but the volume was fishy so I got out.
You didn't know that the ticker would change today (RNER)?
I sold RNER at 7 and bought at 8.18 happens. After RNER I got more HPX but each time it was at days low
HPX filled my RNER sorrows. Holding 2/3 as I was driving to work lol hope I can sell
Did anyone manage to find borrow on RNER yesterday? Was trying all day on multiple brokers but could not find any. From the volume yesterday, it is apparent that someone was able to though. The only reason it still traded above $5 yesterday was probably due to people not aware of the TASE shares.
AMAM has been having lots of good runs lately, and they just got positive results for a Phase 3 breast cancer clinical trial. HUBC just started trading today, Interested to see what happens after the RNER merger. LHDX is on everyone's radar - can it keep going up from here? Buyout? Who knows!
It's a constant cycle of analysis, checking out what went right and what went wrong, and making improvements where possible. We make all stock picks are publicly accessible because we want people to see that not only is it never 100% but that it's constantly improving. RNER was a blink and you'll miss it 11% increase but it was too quick to realistically say that we assume a good trader would've caught it. I'm not legally/ethically allowed to trade these stocks but I practice on the Trading212 demo account and managed a pretty mediocre 4% on it. Like you, I could see it was not a longer term investment so I was eager to get out ASAP. Of course, don't take this as me justifying it. Today was the worst day in months and there is no weaseling out of that. Just that it's a really vivid example of what I meant by "there is no expectation that the stocks end the day higher than they started". Sometimes you can be in a trade for a couple of minutes and call it a day. I prefer for that not to be the case but I think that probably around 80% of the stocks will have peaked within the first 30 minutes. The data is free and we have a 7 day free trial before any money gets taken because we understand that as it is, not everyone is interested in that kind of trading philosophy. The two that I'm sore about are LHDX and BVS. We had LHDX yesterday but premarket was awful and that massively changed the situation with it, I honestly think that's one that we won't really be able to confidently call until we have intraday alerts. BVS though, that's a result of network issues which unfortunately plagued one of the servers today. That has been resolved and we're stronger for it.
RNER filed a [25-NSE to delist their securities](https://www.sec.gov/Archives/edgar/data/1854461/000135445723000120/xslF25X02/primary_doc.xml) after market close. Looks like HUBC, HUBCW, and HUBCZ tomorrow.
Hahahhaa $RNER ain't even done merging yet and share price is below $5 now. What a shitshow.
what do you think of RNER, how can you better avoid including ones like this? 35% up pre market all gone today. Understand not all are winners but there were queues that could help signal this was a crap buy.
If the press release [issued by HUB Security yesterday afternoon](https://www.investorsobserver.com/news/qm-pr/7327615104783002) on an obscure wire service is correct, then it would seem that RNER would cancel today's meeting. According to that press release, HUBC will begin trading on NASDAQ tomorrow morning, and "The company’s leadership will be at the Nasdaq MarketSite to ring the opening bell on March 1st, 2023." That would mean the RNER/HIBC business combination should close today, which would eliminate the need for any extension for RNER. However, there have been no filings on either the [RNER](https://www.sec.gov/edgar/browse/?CIK=0001854461) or [HUBC](https://www.sec.gov/edgar/browse/?CIK=0001905660) SEC pages yet to confirm this, and no word from RNER. In the meantime, HUB Security's securities were [delisted from the TASE](https://maya.tase.co.il/en/reports/details/1508334) market today. So everyone is waiting for a press release or SEC filing from RNER to confirm the HUB Security press release.
Question here about RNER. I just read their 8K filing yesterday. It looks like they have a special meeting today at 3 PM. If this deal falls through, does that mean the shares would go back to $10 at NAV? If the business combination is terminated, doesn’t the SPAC have to return all shares to investors at the NAV? I know this is a weird one. Not sure if we have seen this before. Anybody?
In hindsight selling $RNER above $7.50 pre-market was a real good idea. Phew!
Wonder what happens to "redeemed" shares in between a redemption request and the closing of the transaction? RNER had 2.6 million shares [submitted for redemption](https://www.reddit.com/r/Spacstocks/comments/103hl1o/mount_rainier_acquisition_corp_stockholders/) on January 4, when the shareholders approved the business combination. But those shares do not actually get redeemed until the business combination closes. In the meantime, shareholders might be allowed to reverse redemptions, so seems like those shares might remain in the possession of the brokerages during that period. Think the brokerages are allowed to loan them out for shorting?
I like it. Interesting plays in here but to be fair some of these likely going to dump today and gapped down massively the day before like RNER. What is current price change column though? Pre market today?
Sold $RNER pre-market for $7.68 a share. Suck it FRICK_CCIV!
How can RNER have 2.6M volume? There is no chance that float is 65k. Pre market 2.6M volume
RNER deal done, ticker change on 3/1. Currently trading up a bit in mid 7s.
In RNER this morning at 6.50 and out now at 6.50. That was a wild ride I’m happy to be off.
Timing is everything for sure. You looking at RNER at all? Thinking about hopping in or at least grabbing some warrants
RNER extension vote was [adjourned until tomorrow afternoon](https://www.sec.gov/Archives/edgar/data/1854461/000110465923026110/tm237975d1_8k.htm). "The Special Meeting will reopen on February 28, 2023 at 3:00 p.m., Eastern Time, via the following remote participation instructions:"
>$RNER cancelled the extension meeting today? Where did you see that RNER cancelled the meeting today? Haven't seen any announcements anywhere yet. ***HUB Security*** [cancelled their meeting](https://www.calcalistech.com/ctechnews/article/skpaa9u0s) ***yesterday*** in Israel, which may not be a good sign. Today's RNER meeting was to extend the RNER termination date an extra month, until March 31, 2023. However, the outside date for the merger agreement is tomorrow. After that date, the merger agreement can be cancelled. "[The Merger Agreement](https://www.sec.gov/Archives/edgar/data/1854461/000141057823000158/rner-20221231x10k.htm), as amended, provided that the outside date for the closing of the HUB Business Combination was January 22, 2023, which date was subsequently extended to February 28, 2023"
So wait I'm confused... $RNER cancelled the extension meeting today? They would only do that if they successfully combined. I thought HUB Security halted the merger not only once earlier this month but reiterated that the merger was shaky yesterday. I wouldn't see them agreeing to this merger with all the PIPEs backing out and $8m left in the trust. Maybe $RNER cancelled the meeting for liquidation purposes? They have 2 days to make something happen.
Wow only $8m left in $RNER trust account? Why the hell would HUB go through with this deal? My money (literally) is on them cancelling the merger.
Can anyone see the [RNER extension meeting](https://web.lumiagm.com/297859227)? I'm just seeing "This is private" where the broadcast should be.
So $RNER not getting ticker changed tomorrow?
Got into $RNER at $6.45. This was a stupid dump.
My RNER buy order PM got cancelled 2 mins before bell my 5.20 order got cancelled before the 4.8 drop. This shit is weird.
RNER halted on that almost 50% dump at the opening bell.
what's up w RNER? why the tank PM
I'm not sure if this was discussed, but it is pretty relevant on $RNER https://www.calcalistech.com/ctechnews/article/skpaa9u0s
RNER. https://www.spacinsider.com/news/mhaddad/mount-rainier-shareholders-approve-hub-cyber-security-deal So the float is 50k?! Redemption reversal likely, but isn’t this a no brainer low float come next week? What am I missing?
Q for wise. After a ton of redemption if a vote to extend is put out who gets to vote? The small percentage who have not redeemed? Thinking 🤔 about RNER
If I didn't have RNER I would hold this as well.
Watchful eye on 53K FLOATER $RNER especially this whole month leading up to their ticker change on February 28...53K FLOAT is the smallest currently on the market. Squeezy squeeze 😮🤫⏳⌛🍋💦
My thoughts on RNER maybe u/Spac_Time knows best but are reversals still 'ON' everytime it runs over NAV it gets sold hard.
I think RNER is better squeeze potential. I've seen figures of 20%-25% Short interest on this ridiculously low 53K FLOAT which it will maintain that low till at least February 28 when ticker changes to HUBC. It's currently trading on TASE (Israeli Stock Exchange) for $533 per share(about $160 USD equivalent). It's also an A.I. & Cyber Security play...HUB Cyber Security. https://www.cnbc.com/quotes/HUB-IL https://www.bloomberg.com/quote/HUB:IT?leadSource=uverify%20wall
Been in COMS for couple weeks but holding out till at least $.15 plus. Also waiting on RNER to pull AN MSGM HKD AMC GME style move since it has only 53K FLOAT. When people discover this micro mini float...WATCH OUT ⏰🚀
MSGM (460K FLOAT) vs RNER (53K FLOAT)🚀🚀🚀🚀RNER is HUB CYBER SECURITY,providing A.I. cyber security solutions to over 1,500 client companies across 30 countries,including Lockheed Martin,GE,HSBC,SIEMENS,& Israel Department of Defense...currently trading @ $533 ($160 usd) in Tel Aviv Stock Exchange [TASE]. 🤫⏳⌛🚀✊🤑🥳 Smaller float than MSGM & HKD or AMC . 😮🧐🤌👌
Not to sound conspiratorial...but MSGM, It's basically a low float play that the MM's are actually letting run without their manipulation like on every ticker nowadays...I think they once in a while do this to "show somebody" what real price action should & would be if they didn't manipulate it(& to make somebody some $$)...because the volume isn't even that high. Remember, MSGM Float here is just about 460K...while the Float on RNER is 53K... if volume like MSMG pours into RNER...IT'S LIGHTS OUT FOR THE SHORTS & IT ROCKETS. RNER is the HUB CYBER SECURITY SPAC that will bring HUB to NASDAQ from TASE (Tel Aviv Stock Exchange) on Feb 28 when ticker changes from RNER to HUBC,which is currently trading at $533 per share in Israel,or about $160 USD equivalent. MSGM (460K FLOAT) VS RNER (53K FLOAT) 🤑🤌👌✊⏳⌛🚀🚀🚀🚀🚀🚀🚀🚀🚀
Low FLOATS like WISA & RNER with about 546K shares public Float on WISA...& about 53K shares public Float on RNER are good candidates for mad squeeze runs & hold long-term value as well. WISA has excellent products in the pipeline,& RNER does cybersecurity for 1,500 top Technology,Finance,& Defense sector firms like Lockheed Martin ( LMT ), GE, SIEMENS,HSBC,Lloyd's ( LYG ),& the Israel Department of Defense. RNER spiked the other day from $8's to over $14 on less than 50k volume...& just as a preview,as the Float will remain this low for at least until Feb 28 when the ticker officially changes on the SPAC from RNER to HUBC after official delisting from the Tel Aviv Stock Exchange where it's currently trading @ $595($178usd)...🧐🤫😮😯😲😳🤯🥳🕛🕓🕞🕑⏰⏳⌛🚀🚀🚀🚀🚀
Been watching RNER for a few days, picked up ~1000 shares today (which took all day), going to try and get another 1000 tomorrow. It’s trading incredibly thin right now.
lol how low iq are you trying to pump a pre-da SPAC trading at $14 and RNER which can still get reversals just look at the chart today
>From what I can gather, you are recommending that people buy shares in $ARCK and $RNER, two SPACs with relatively small floats. You believe that these stocks have potential to rise significantly in price once they receive more attention from investors. While I cannot say for certain whether or not this will happen, it is certainly possible given the current market conditions.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|1 year ago **Total Comments**|43|**Previous Best DD**| **Account Age**|2 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod) >TL;DR: $ARCK and $RNER have 61K and 54K float respectively. They have already redeemed over 99% of their common stock. They are both prepping to go public in the near future.
Damn. Looks like $RNER fiends got pranked. :(
What's the verdict on RNER reversals? Some other shenanigans. At such low float but volume today is high but not too concerning
RNER float just 54k after redemptions lol
RNER \*might\* be setting up to be the next LJAQ. Only float is 5k largerat 56k lol
$RNER less than 85k left after redemptions, zooming AH
RNER is meeting today to for the merger vote with Hub Cyber Security after multiple delays, lookin forward to this finally closing. Matter of hours till we get the word
Why can't I find RNER on stocktwits?
If your going to put all that effort copying and pasting PR at least include the SPAC ticker ($RNER).
[HUB Security announces an NIS 17M PIPE close at NIS 6 per share and an update on the upcoming NASDAQ SPAC merger](https://www.prnewswire.com/news-releases/hub-security-announces-an-nis-17m-pipe-close-at-nis-6-per-share-and-an-update-on-the-upcoming-nasdaq-spac-merger-301547514.html) \- RNER RNERW
[HUB Security Signs SPAC Letter of Intent for a NASDAQ Listing](https://www.prnewswire.com/il/news-releases/hub-security-signs-spac-letter-of-intent-for-a-nasdaq-listing-301472153.html) ( Name of SPAC not disclosed ) February 1, 2022 [HUB Security, Developer of Confidential Computing Solutions for Enterprises & Governments, to Become Publicly Traded on Nasdaq Through Business Combination with Mount Rainier Acquisition Corp](https://www.prnewswire.com/news-releases/hub-security-developer-of-confidential-computing-solutions-for-enterprises--governments-to-become-publicly-traded-on-nasdaq-through-business-combination-with-mount-rainier-acquisition-corp-301508819.html) \- RNER RNERW March 23, 2022
The biggest problem to get involved is liquidity. Want to be $100k in a warrant? Very difficult. Many of the recent DAs had $5-30K of warrants traded on the day of DA. It was great to see PV and RNER today with substantial volume - 3M and 1M.
Today's DA warrants are doing very well: PV warrants up 108% RNER warrants up 117%
Right, that is a major factor in these low prices. My point was prices are the equivalent of the worst case de-SPAC scenario, so presuming they do find a target and complete the deal, your entry is probably a very safe entry point in the low .20s and .10s, even if it's a pretty bad deal. And with RNER and PV warrants both more than doubling today on DA it shows that solid deals have massive upside from these prices.
$RNER 🤝✅ Official DA: HUB Security, Developer of Confidential Computing Solutions for Enterprises & Governments, to Become Publicly Traded on Nasdaq Through Business Combination with Mount Rainier Acquisition Corp