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I'm betting big on ACQR. Steven McLaughlin is the specialist king of fintech, and FT Partners have been involved in the financing and advising of countless deals in the sector. I think they land something great. I think most of the operator teams with small split warrants will find something and have the influence to pull in plenty of PIPE. Hopefully more get creative with ways to minimize redemptions by compensating investors for the risk of holding through merger.
How long has ACQR been looking though. Anything new probably gonna need a lot more time compared to companies that have been working on deals for 1 year +
I am heavy in many of those. Most surprised ACQR has fallen this far given Steven McLaughlin is probably the most connected guy in fintech. That warrant was 2x this price not too long ago. FACT, PLMI and that are some of.my biggest positions. If you catch the bottom 20th percentile and get a median DA target for the split, your upside is drastically higher. Next time I'll try to include percentile data.
I got ACQR commons for the same reason ! :D
Some huge prints on ACQR and SCOA.
What’s the deal on the ACQR volume? Still searching right?
My bet is on ACQR. Warrants are up a lot on strong volume.
Did ACQR stop trading? Does anyone know?
Well, over 1/3 have already DA'd (including SNII today) or have great rumors, most of the rest are low dilution (1/3 or smaller splits in units) warrants for top tier vet sponsors (Klein, Gores, Cohen, Chu, Fortress, etc.), elite specialists in their fields like ACQR or LCAA, or loaded teams like CPAR, NVSA and PLMI, with cost bases usually sub .90. I'll start worrying about mid-2023 liquidations and crap deals-for-deals-sake in mid-2022. Most of my SPACs IPOd this year, so that is still a long ways away. For now, if you have time and patience to get good entries, there is no point to not be diversified with so many high quality teams trading so far below post merger averages, since we don't know which of the lot will merge with the top 10 percent of targets. But I probably will cull back quite a bit just because it's pretty damn time consuming to manage this many.