Reddit Posts
Terran Orbital (Space Infrastructure) will SPAC with Tailwind Twi Acquisition Corp ($TWNT)
$TWNT! a lot of potential with the merger news. Looking great for EoY. Check it out
$TWNT - Satellite Maker Terran Orbital Strikes $1.58 Billion SPAC Deal
Mentions
Final official redemption figures released in the [8-K filing by Terran Orbital Corp](https://www.sec.gov/Archives/edgar/data/1835512/000119312522086032/d310131d8k.htm) LLPA LLPA.WS ( formerly TWNT [TWNT.WS](https://TWNT.WS)). "As previously announced, Tailwind Two permitted shareholders to withdraw their redemption requests until 3:00 p.m. Eastern Time, on March 24, 2022. In addition, a third-party holder of Tailwind Two shares agreed to reverse its redemption of approximately one million shares in consideration for certain cash payments from the Tailwind Two Sponsor. **As a result, a total of 31,565,677 Tailwind Two shares were presented for redemption.**" "[On March 9, 2021](https://www.sec.gov/Archives/edgar/data/1835512/000110465921036367/tm2038257d13_8k.htm), Tailwind Two Acquisition Corp. (the “Company”) consummated an initial public offering (the “IPO”) of 34,500,000 units (the “Units”), including the 4,500,000 Units as a result of the underwriter’s full exercise of its over-allotment option ..." That leaves 2,934,323 shares after redemptions, around 91% redeemed, which is close to previous estimates.
LLAP (Formerly TWNT) just merged with approximately 92% redemptions, estimated float under 2 million. Could run high today
I would probably agree with that. I bet big on DRTSW (1/2) in the .30s when I saw signs the merger was going through, and in spite of the substantially higher commons price than TWNT, the warrant price is close to where TWNT.WT is now before the TWNT commons pumps. The TWNT warrants may not go as far as other plays at these price points, but it all depends on how aggressive a pump the commons gets. In whoch case the commons may be a better play. I'd base warrants vs. commons on entries. For me, I am actually willing to be a LT holder on DRTS even if it drops from here just because I love their cancer killing machine and think it has drastic upside. LLAP I don't know if I'd be willing to baghold so I probably won't play either way.
Very good points. Thanks for clarifying. My take away is that I should probabaly reserve my use of the low warrant splits for longer-term investments, and that, in my day- and swing- SPAC trades, 1 and 1/2 warrant splits on \~$250M trusts are still far game. REGARDING YOUR LAST PARAGRAPH, I want to run something (somewhat) related past you... Terran Orbital. Satellite company. Heavy Lockheed Martin backing. ($345M trust, U: \[1/3 W\]). Merger with $TWNT approved last week. It opens on the NYSE tomorrow as $LLAP (Live Long And Prosper). Now, redemption numbers came in late Friday; I ran the numbers (on the $255.4M gross proceeds): It appears that the remaining cash-in-trust equals -91.47826086956522, or, a 92% high redemption, so... A $345M trust after a 92% redemption suggests there're going to be just 2,760,000 commons in play tomorrow morning. But my understanding (which may stand corrected) is that they're still going to be the 11,500,000 warrant shares trading out there. So, like ALLG last week, I think it makes more sense to invest in the 2.76M $LLAP Class A commons shares, than in the 11.5M $LLAPW warrant shares. Would you agree with that determination?
[Tailwind Two Acquisition Corp. and Terran Orbital Announce Completion of Business Combination](https://www.businesswire.com/news/home/20220325005496/en/%C2%A0Tailwind-Two-Acquisition-Corp.-and-Terran-Orbital-Announce-Completion-of-Business-Combination) TWNT -> LLAP TWNT.WS -> LLAP.WS on March 28, 2022 "As a result of this transaction, the Company received approximately $255.4 million of gross proceeds, comprised of $80.2 million of gross equity proceeds from **Tailwind Two’s cash-in-trust ($29.4 million)** and a private placement (“PIPE”) of ordinary shares ($50.8 million) with participation from AE Industrial Partners, long-term Terran Orbital investor Beach Point Capital, Daniel Staton, Lockheed Martin and Fuel Venture Capital, and $175.3 million of gross debt financings provided by Francisco Partners, Beach Point Capital and Lockheed Martin, including in each case debt capital advances funded on November 24, 2021 and March 9, 2022." If the cash in the trust after redemptions was $29.4 million, then about 2.94 million shares were left after redemptions.
If TWNT could get just 1 mil in volume this thing would launch
no clue why TWNT is running since ticker has not change
TWNT near $11. GMBT Not sure what it wants to do.
Still waiting to hear the redemptions number for Terran Orbital/Tailwind 2 TWNT this morning. Deadline for redemption reversals was 3 Pm Eastern yesterday and there has been no announcment yet. Fingers crossed the deal goes through, even tough I have no shares or warrants in this one
lol - TWNT drops after 3pm...should have been other way around
When is TWNT ticker change, anyone knows this?
Best *guess* is that at least 5.2 million shares will remain after redemptions. That is based on the 85% max redemption condition for the business combination and the fact TWNT announced they expect the deal to close on March 25 when they announced the results of the vote. But that is just a guess. TWNT may include the redemption numbers today after market close or tomorrow in a PR announcing the closing of the business combination, or may wait until they file the "Super 8-K", likely next week.
TWNT starting to pop. If it stays at these levels, those who redeemed can reverse their redemptions until tomorrow, right?
anyone know what the ticker change for TWNT is? I figure that's the next play after ALLG, DRTS
TWNT [amended the Merger Agreement](https://www.sec.gov/Archives/edgar/data/1835512/000110465922034045/tm229270d4_8k.htm) to add the condition that not more than 85% of shares may be redeemed on March 9. Seems *likely* that TWNT will need to meet that figure, or the deal wouldn't go through, since they amended the agreement two weeks before the vote to specifically add that provision. There was no minimum cash condition, instead there was a minimum debt condition, in the [424B3 prospectus](https://www.sec.gov/Archives/edgar/data/1835512/000110465922022908/tm2133616-13_424b3.htm). Then the net debt condition was dropped and the 85% threshold added. The deadline for reversing redemptions is this 3 pm afternoon, so maybe TWNT will announce the final figures after business close today or tomorrow. ***IF*** the less than 85% threshold is met, then there would be approximately 5 million shares of TWNT after redemptions. "[On March 9, 2021](https://www.sec.gov/Archives/edgar/data/1835512/000110465921036367/tm2038257d13_8k.htm), Tailwind Two Acquisition Corp. (the “Company”) consummated an initial public offering (the “IPO”) of 34,500,000 units (the “Units”), including the 4,500,000 Units as a result of the underwriter’s full exercise of its over-allotment option ..." 34.5 \* .15 = 5.175 million.
TWNT possibly the next one? If it does end up being a low floater, this might have a chance to really run. I haven’t seen anyone on Twitter pushing it and that was probably the best thing ISPO and SKYH had going for them is that they were already up hundreds of percent by the time FinTwit found em
If you're buying TWNT above $10 before the redemption reversal deadline you're mom is unequivocally a hoe
Terran orbital (TWNT) changing their ticker on the NYSE to LLAP (LIVE LONG AND PROSPER FELLAS!!!!) friday - stock is RISING quick. [https://www.prnewswire.com/news-releases/terran-orbital-to-build-microsatellite-program-301484366.html](https://www.prnewswire.com/news-releases/terran-orbital-to-build-microsatellite-program-301484366.html)
I am a bot from /r/wallstreetbets. You submitted one or more banned tickers: TWNT. Message /u/zjz if they're above 1.5 billion-ish market cap and not related to crypto/pennies/OTC.
Anyone know much about TWNT? shareholders voted Another potential low floater?
TWNT voted passed this morning. Results of the vote around the 19 minute market of the recording. [https://www.cstproxy.com/tailwindtwoacquisition/2022/HTML1/default.htm](https://www.cstproxy.com/tailwindtwoacquisition/2022/HTML1/default.htm) Don't know if that means that not more than 85% of shares were redeemed, though it seems likely they would have rescheduled the meeting if that condition was not met or waived.
TWNT making a move today. That SPAC time guy said something about it being possibly the next big low float. But I also think he said there’s a chance the deal won’t pass too so might be pretty risky
*Possible* that TWNT Tailwind Two Acquisition Corp and Terran Orbital may terminate the business combination on Monday or Tuesday. On March 15, TWNT filed a [8-K which disclosed](https://www.sec.gov/Archives/edgar/data/1835512/000110465922034045/tm229270d4_8k.htm) that they amended the merger agreement to "add a condition that Tailwind Two’s public shareholders shall not have elected to redeem a number of Tailwind Two’s Class A Ordinary Shares that would result in greater than 85% of the aggregate number of Class A Shares outstanding being redeemed." There were 34,500,000 public shares sold in the IPO, so 85% is 29,325,000 shares. If the redemptions are higher than that, perhaps Terran will waive the condition. But since they just amended the merger agreement to add that specific condition in the past 10 days, that seems unlikely. TWNT stock has traded in the $9.91 to $9.94 range for the past month, until the NAV floor was removed. Redemption amount is estimated at $10 in the [final prospectus](https://www.sec.gov/Archives/edgar/data/1835512/000110465922022908/tm2133616-13_424b3.htm). So the TWNT redemption watch is on.
TWNT looks like it lost its floor yesterday. Merger meeting with Terran Orbital is March 22.
lol i don't get people buying pre merger SPACs any more. the bubble has burst. i would but TWNT at $1.50 post merger
Ukraine situation + DoD leadership public comments + macro trends + 100 other things = great investment thesis for TWNT and other satellite 🛰️ companies. Retail: I dont care IPOF unfounded Starlink rumors: retail investors Mardis Gras
Another 100k warrant day already for TWNT. SLDPW bled for 4months before moving up. I believe speculation was that arb funds were selling off warrants for a while. I'm assuming that is the case here. Arbs probably unloading last bags of warrants and not worried about the price. They probably have an average sell price above .50.
I'm guessing that there is an ~80% chance of successful merger. They have a synthetic backstop scenario so they should be good to move forward with a high redemption number. Their CEO commented on it. Either way, TWNT is a good team and warrants shouldn't really go a whole lot lower. Probably 25% downside and 2-3X if merger successful. NFA
TWNT commons started to go parabolic on 11/23, then sharply sold off. But was that due to the overall market going into tax harvesting? Will it rebound? Should i sell my warrants? So many questions.
Spire satellites use RF sensors. My understanding is that they are primarily going after ADS and AIS transmissions. Also making some indirect observations of weather. IMO, the SAR companies like Capella and TWNT/Terran are closer competitors to the ones listed here for Satellite imagery.
Someone else mentioned TWNT/WS ([Terran Orbital](https://washingtontechnology.com/articles/2021/11/01/terran-orbital-space-spac.aspx?m=1)). Sitting at $1.15 on the way down from their DA spike. I’ve been watching recently. Lockheed Martin backs them. No position yet personally, but if DMYQ is strong could be sympathy play. Satellogic (CFFVW) is also about to merge near $1 but doesn’t look as promising. Let me know what you think
AAC but already kinda high at 1.30. Rumor of equinox and 1/5 per unit. TWNT satellite manufacturer. 1.16 MAQC.... DWAC sympathy play only .71
TWNT warrants decent price at 1.14, 1/3 per unit. Terran Orbital with a history of making satellites. What do y'all think?
This has the potential for some significant negative press over the next week or so that could affect sentiment on orbital constellations (DMYI, ASTS, TWNT, etc). Hopefully it turns out to be a nothingburger, but this is going to get some press. [https://mobile.twitter.com/planet4589?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor](https://mobile.twitter.com/planet4589?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor)
TWNT was really disappointing. Probably won't be above NAV again any time soon
~~TWNT~~ - Satellite ~~Maker Terran~~ Orbital Strikes ~~$1.58 Billion SPAC Deal~~ I'm in, when do we start? :D
**Ticker Added TWNT** Spam: True Last Seen Market Cap: 418312500.0 Is SPAC: False
It is a negative reaction. He said TWNDWS. The original tailwind spac TWND was supposed to merge with Quomplx but that got called off. So it is still searching. But this TWNT second tailwind spac gets a great target. This is like the younger sister getting married to a great guy but the older sister might end up being an old maid because she got left behind at the altar and she hasn't been able to find a new boyfriend yet.
I dont know what the F I am doing, I am just smashing the buy button on TWNT warrants right now. Gawd help me
TWNT warrants seem like a good play. Still around 1.50
TWNT commons actually moving? Not crazy high volume but still, wild to see on a da
Volume started spiking big on TWNT at 1:50 today, clearly someone got early word of the Terran Orbital deal. There's another one the SEC should investigate.
A Stocktwits user noticed yesterday that one of TWNT's directors liked a LinkedIn post about Terran Orbital's production facility deal... Might need to step up my stalking game
Hope you still have TWNT