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ALIT earnings tomorrow morning. It’s probably going to pop like 12%
Citigroup Maintains Buy on Alight $ALIT https://preview.redd.it/fdqd00w1smld1.jpeg?width=647&format=pjpg&auto=webp&s=679185749ba304045d42e7b3781dfe105bc6bc28
Anyone know anything about ALIT? Something something next generation AI engine powering
I started two months ago and am up quite a fair share for what I put in (~2k in and roughly 250 up). I have AAPL, AMZN, IBM, ALIT, HSBC, GOOGL, JPM, and NKE. ALIT is a rando that I think has a fantastic potential this year. HSBC and IBM have great dividends. The others are just strong, reliable blue chips.
ALIT is at $9.3, SST is at $16 (mostly because of the low float) and PSFE is obviously shit. Overall he is probably one of the better serial sponsors (not that it says much).
with all due respect, this one's on you. literally EVERY warrant agreement lays out, in EXCRUIATING details, redemption rights. if you can't be bothered to a.) understand them, b.) follow your positions and read broker messages, and/or c.) stay up to date on news releases by the company (like ALIT's from late Nov, notifying of the redemption), you shouldn't be buying warrants. "did anyone experience something similar?" i'm sure with every redemption there are those who wind up exactly like yourself. it's like the spac-world's own little darwin test. there should be a support group on reddit for y'all (maybe there is??).
Sold off my ALIT today (WHAT A BORING COMPANY i listened to the DD here a few months ago and only went up like 10%....) and put it all into QQQM
Value to small cap, specially PSFE, SKLZ,MVST,ZEV,SUNL,ALIT, SOFI all very undervalued. PSFE/SUNL rading 1X. PLTR.
ALIT and ASLE called redemptions on their warrants today. My thesis is that companies are calling them now (with 30 day redemption periods) to clean up the warrants before year end (Dec 31st) reporting. Decent chance that RBOT calls theirs in the next couple days- and if so, the warrants are currently like $1.75ish below cashless redemption value.
$ALIT warrant redemption Alight Announces Redemption of All Outstanding Warrants Until 5:00 p.m. New York City time on 🗓️ December 27, 2021 https://twitter.com/spachero2/status/1465276585183907842?t=dV4vlgVtq9p_E2cUIiOGmg&s=19
MPLN is setting up for another squeeze also. Call volume has gone through the roof. ALIT is starting to pretty up a bit too..may nab a little RMO if it drops more with the broad market.
Here is my list, for free. The paid ones have ulterior motives. FIVN....ZI....OLPX....HRC...ALIT....FRSH....IHC...TOST....VSCO...SLGC. If these are helpful, and you see a homeless person, buy them a coffee.
Did anyone catch the 23andMe warrant redemption announcement? De-SPACs calling them early and a cashless basis may help the accounting, but it really takes the air out of long-term hopium for holding them. Not every SPAC has the $10 threshhold, but for those that do, my guesses for the next ones to call them are possibly $ALIT and $HLMN. $EVGO comes really close (14 of the last 16 days closing above $10), but they might not reach it to get it announced and closed by 12/31. Make sure you know what you own people.
A couple of fliers on GGBI (polestar spac), PSFE, and ALIT to go along with whatever boring ETFs are suggested. Polestar is in a good international spot with a fairly reasonable price compared to its peers and its guidance/outlook. ALIT and PSFE are good potential acquisition targets in the next 1-3 years given their business, performance & history (3-5x current S/P). PSFE mgmt say they aren’t actively looking for a buyout but that does not mean they won’t be approached by a DKNG or a PYPL. They are trading at roughly 3.5bn and have a value of 5bn+. Financially healthy. ALIT contracts are great (TSP and lots of large market clientele). It’s a sticky business due to cost and contract length. ALIT has great reputation due to its roots being from Hewitt. Formerly the HRBPO (Hewitt) of AON. They spun it off private and then AON later failed to secure the “merger” Towers Watson. They were targeting TW’s large market clients, exchange and HRBPO…
10k shares @ 4.25 10 5p @2.55 Jan 2024 30 6c Jan 2023 57 7.5p Nov 19 ‘21 - got burned on these lol selling puts before earnings This shit is crazy undervalued even with all of the ER info/happenings. At minimum this and ALIT become 3-5x current S/P acquisition targets in the future.
I scooped up a lot of ALIT commons when it was in the 9s.
Meanwhile ALIT which was the one people didn't like is doing just fine.
I’ll give you a couple good ones worth taking a look and investing in OPFI , IS, ORGN, PSFE, ALIT, JBI and technically PRPL
ALIT was supposed to be the crappy bill foley spac. turned out to be the opposite.
IMHO, all three are ideal SPAC targets in theory. AMBP and ALIT are eseentially spin-offs from existing public companies and HLLY was a profitable mature private company. There was no need to a 6 month roadshow to "sell" investors and leave 35% of the IPO funds on the altar of Wall St. I'm sure there are others not mentioned here, but the SPAC-plosion has brought too many roosters into the henhouse leaving retail investors holding their c*cks with pre-revenue PIPE-dreams.
I got a couple that don't seem to be too popular here: * Ardagh Metal Packaging (AMBP) * Holley (HLLY) * Alight Solutions (ALIT) All actual businesses with real revenue. Probably not any 10-baggers here, but should be slow steady growers for the next 3-5 years. Also, I'm not in it, but the lack of mentions on r/spacs makes it looks like most people missed on Archea Energy (formerly RICE). Boring natural gas play, but looks like it going to be a consistent money maker.
Look what they did to my boy $ALIT
> If 80% of the trust is redeemed Really doubt Ares would cut a deal that gets redeemed that heavily... I could also see them backstopping redemptions in a big way like Bill Foley does. > there would need to be a massive PIPE They seem like a team who could source a sizeable PIPE, even in this environment. From the prospectus: "AAC may benefit from Ares’ over 1,060 institutional investor relationships across more than 270 funds, as of September 30, 2020. Ares’ high-quality institutional investor base includes large pension funds, sovereign wealth funds, banks and insurance companies." > There are several post-DA warrants trading sub/near $1 Sure, but are they for $1B+ trusts with low warrant coverage? I find the average for those to be closer to $1.50 right now. And once mergers go through I think most of those have a good shot at breaching $2-3+ due to deal de-risk, among other things. > Retail/supermarket chains seems like it'd get no hype An unassuming CANO or ALIT type play could be just what the doctor ordered as far as I'm concerned. Those two are why I also like JWSM and ASZ at around a buck per warrant. I think FCF generative companies are way more likely to garner institutional interest post de-SPAC than unknown pre/low-rev deep tech plays that rely purely on hype and retail interest.
I'm 1 for 4 on post DA spacs. Thank God for ALIT.
This may be boring AF, but #ALIT is creepy crawly going up day after day.
Yes, they are at the point right now where they can redeem warrants for approximately 1/4 of a share per warrant. There is a chart that gives the exact redemption ratio depending on a few different things, but at the current price/time period, it works out to right around.25 shares. ALIT is hovering around 12, and the warrants are around 3, so they are trading at the correct price.
I thought it was $18 too until I saw what happened to CLOV warrant holders which had a $10 threshold on the commons…this is from the ALIT S1 which was the basis of my question: the “reference value above” referred to below is the 20 of 30 days language… Redemption of Warrants When the Price per Share of Company Class A common stock Equals or Exceeds $10.00 Once the warrants become exercisable, we may redeem the outstanding warrants (except for any warrants held by Cannae or THL, or their permitted transferees, if the Reference Value equals or exceeds $18.00 per share): • in whole and not in part; • at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption; provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined by reference to the table below, based on the redemption date and the “fair market value” of Company Class A common stock (as defined below); • if, and only if, the Reference Value (as defined above under “Redemption of Warrants When the Price per Share of Company Class A common stock Equals or Exceeds $18.00”) equals or exceeds $10.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like); and • if the Reference Value is less than $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) the warrants that were Forward Purchase Warrants must also be concurrently called for redemption on the same terms (except as described above with respect to a holder’s ability to cashless exercise its warrants) as the outstanding warrants in respect of any FTAC Public Warrants, as described above.
ALIT 12.50s as far out they will get bought out before year end
Good shit Hani! Go get that ATH too. Finally busted thru my mine and holding/growing. Might have pull trigger on a little more ALIT so I pay attention to more too.
ALIT trying to break out again. Maybe the rumour will become reality soon?
ALIT is busy I see and has to be an acquisition target no?