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Best target for ALCC: Latch Bio. https://latch.bio/ Scroll through use cases. Legendary capabilities that nobody else has: https://latch.bio/use-cases#Libary-Screening
As u/Strong_Ad_4501 points out below, ALCC can get an automatic three month extension if they sign a letter of intent or definitive agreement; "[If we are unable to complete](https://www.sec.gov/Archives/edgar/data/1849056/000110465921090716/tm218987-14_424b4.htm#:~:text=limitations%20described%20herein.-,If%20we%20are%20unable,-to%20complete%20our) our initial business combination within 24 months from the closing of this offering (or 27 months from the closing of this offering if we have executed a letter of intent, agreement in principle or definitive agreement for an initial business combination within 24 months from the closing of this offering)" The price and volume action act on ALCC seem to indicate folks are willing to take that risk. ALCC closed at $10.68 Friday. "[Class A common stock subject to possible redemption](https://www.sec.gov/Archives/edgar/data/1849056/000141057823001236/alcc-20230331x10q.htm#:~:text=contingencies%20(Note%206)-,Class%20A%20common%20stock%20subject%20to%20possible%20redemption,-%2C%2050%2C000%2C000%20shares), 50,000,000 shares at **redemption value of approximately $10.16** as of March 31, 2023" So folks are buying ALCC well above NAV. Doesn't mean they are correct, but lots of shares traded well above NAV in the past month and a half.
I thought ALCC had till 2026?
So is there any chance that ALCC actually gets a target before dissolving in the next few weeks?
Over in Spacs a relative no name no target trust CCAI is up way over NAv, while Sam Altman’s actual Spac, ALCC lags behind it. This hype with no substance is absurd. Just AI FOMO. Roll with it, it’s ok. Shame is never lucrative.
CCAI outperforming ALCC is funny to me
If you like AI and spacs. ALCC can be a play.
Did you know Sam Altman CEO of Open AI and Michael Klein who brought LCID public have a SPAC with an initial deadline of 7/8? Check out ALCC
I know I sound like a broken record but ALCC initial deadline coming up on 7/8 means we should at least have some news soon. And given NVDA and AI hype, if Sam Altman announces AI related it could have big upside.
i hoped into chat gpt dudes spac ALCC
anybody know if ALCC is marginable on TDA?
ALCC new 52 week high 8x the average trading volume above NAV. Someone know something?
He does not. However, if he used the ALCC SPAC vehicle he would get equity due to the sponsor shares. I still think Open AI is a longshot, but there is a case to be made for it.
For all you $ALCC fans, your guy isn't a hero: https://gizmodo.com/sam-altman-openai-gpt-chatbot-chatgpt-gpt4-1850471865
Is ALCC simply a bet on ChatGPT? I’m still so shell shocked I don’t even know if I want to take the risk of losing whatever it is down to NAV when it most likely doesn’t happen, lol.
if you don't have a sizable portion of your portfolio allocated to ALCC, you're doing it wrong
Why does ALCC not have options yet?
Sam Altman's SPAC ALCC starting to gain eyes...
News from nowhere, AKA spacs, $ALCC It’s Sam Altman’s SPAC. He’s famous for running Y-Combinator. And a little thing called ChatGPT. 😅🤣🤣 no DA yet. Upped the spend rate so might be getting closer to LOI or DA. Not pumping just interested. Click here to see all the successful private Sam Altman incubation companies: https://www.ycombinator.com/topcompanies
Thank you. Unsurprisingly, ALCC already commands a decent premium over NAV. I'll keep my eyes on it. Any other SPACs in that space?
$ALCC It’s Sam Altman’s SPAC. He’s famous for running Y-Combinator. And a little thing called ChatGPT. 😅🤣🤣 Click here to see all the successful companies: https://www.ycombinator.com/topcompanies He also is currently the CEO of Open AI. ChatGPT. https://openai.com/
Look, man. Whosoever among you scalped $ALCC at the $9.65 mark, Imma gonna need you to show yourself. The sub needs, I need it, morale could easily be improved if you just confess. Do it. Become the legend you are with a screenshot.
I now own 23, yes you read correctly, not 21 not 24 but 23 whole shares of ALCC!! 😁 (I had an extra $250 in a Roth left over!)
Anyone know approximate NAV on ALCC?
He's the CEO of ALCC Spac. most ppl don't know about this quite yet. Wonder what he's going to bring public? Ai ? Whatever it will be I want in deep!! Trading at $10.48. exp. July of this year.
ALCC. its Sam Altmans SPAC. Deadline coming soon. Most ppl are not aware that he is the CEO of this Spac. what do you think will happen to Nav $10. once he pulls an Ai company public or anything for that matter. Think Dwac only credible
Sam Altman Open AI founders SPAC ALCC 10q shows $1.1 mil in spending Q1. Possible deal incoming.
Buying ALCC at $10.24 gives you essentially no downside but unlimited upside. While that can be said about every SPAC, not every SPAC has its CEO as the CEO of ChatGPT. And not every SPAC just traded above NAV on huge volume. Something may or may not happen with ALCC but it would be hard to argue that the risk-reward isn't fabulous here.
Sam Altman cryptic tweets the past few days. “we are so back” and “summer is coming” - likely has nothing to do with his spac ALCC, but one can dream!
Almost all are never are exercisable, though. They become not profitable to do so. Plus many SPACs can recall them (it is in the fine print) just to make life easier for them. Even some SPACs don't have warrants. ALCC, the Altman/Klein SPAC, has none. Redemption is part of the de-SPACing process and not worth it IMO.
$ALCC. I like it, but I think we have time and I think it is better to watch some other projects that he’s working towards bringing to fruition. Altman could theoretically personally find anything he wants, so why SPAC? Gonna take a while to figure out the motivation for $ALCc, maybe. Any ideas? Meanwhile, IMO increase in social activity by Altman has to do with the launch of his World Coin and the World App. Geofenced so that USA citizens cannot own World Coin, BTW. Not that I own any coins, I just follow the ideas. I’m ambivalent towards the Altman coin.
Sam Altman tweeting he needs $100 bil for Open AI and just tweeting a lot over the weekend in general. Bullish on ALCC
Lol! I had $200 left over in my ROTH so I bought some warrants for both last week! Interestingly, ALCC began it's life as CCVIII, but changed its name, and has no warrants for some reason.
Inflow/outflow on ALCC is kind of crazy. Ratio was 1.52/0.01 on Webull at one point today. Buy algo(s) buying the ask basically all day. Also noteable how it is holding a move on relatively thin volume consideing the float size.
Anyone know the current exact NAV of ALCC?
$ALCC has a high probability of getting a deal done based on the sponsor network effect of both Altman and Klein. Either one would boost the value, but both make it a good bet. We had discussed this research paper when it first came out, but with no warrants (dilution) and a doubled network centrality effect it might be worth a splurge on the commons. https://corpgov.law.harvard.edu/2021/07/20/spac-ipos-and-sponsor-network-centrality/
Yea I think SNAX is falling apart but maybe the 711 deal will save it. I was wondering what NAV is for ALCC I just wasn't clear in my question
ALCC 👀 Haven't seen a 50,000,000 float spac move since 2021
Im pumping all my cash in ALCC when it frees up(50K). im ready to get hurt again,.
$ALCC is Sam Altman’s SPAC. He’s the CEO of OpenAI. If the SPAC acquires an AI company it will moon.
Im still holding onto hope for ALCC since Sam Altman founder of Open AI and Klein who is a prolific SPAC dealmaker are co-sponsoring it. No warrants or options on it which I think makes it more attractive for a potential deal. But thanks for the info I’ll look into this one as well.
Any thoughts on ALCC? Just noticed its co-sponsored by Sam Altman founder of OpenAI and Klein yet its rarely mentioned. If they brought OpenAI or even anything remotely connected to it public, it would be huge.
There was a curious 500k share ($5m) buy on ALCC this morning – someone knows something, or just arb activity?
Not to mention he's involved with ALCC too (no warrants)
What are your thoughts on the potential CCV target? Klein also has ALCC with Sam Altman but that one was Ipo’d after these 3 so the deadline is a bit further out
OpenAI would be more likely to be ALCC but gg.
Anyone know what's going on with ALCC today? It’s up 1.5% after doing nothing since July but I can’t find any news. Its Sam Altman's SPAC. He's been heavily involved with Y-Combinator/Reddit and surely has a ton of connections with companies that want to go public.
You can take a look at ALCC. Altman is the CEO of that SPAC.