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$CBAH/Altus Power: Blackstone Portfolio Companies, Altus Power and Link Logistics, Awarded Approximately 35 MW of Community Solar Projects in New Jersey
SPAC SEC filing status as of 11/6/21 - Orange/new, green/meetings. Meetings - NGAB 11/9, DFPH 11/12, VOSO 11/16, KVSA 11/16, LIII 11/16, FORE 11/18, DDMX 11/18, THMA 11/23, GIG 12/3, DMYQ 12/3, CBAH 12/6
$CBAH Altus Power, Inc., a Market-Leading Clean Electrification Company, Announces Acquisition of Energy Storage and Solar Power Generation Assets in Hawaii
Does this Department of Energy announcement (community solar ) benefit CBAH ?
$CBAH - Altus Power Merging With SPAC Created by CBRE in $1.58 Billion Deal
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I like the company long term, but AMPS CBAH puts seem pretty cheap.
A cruddy day for many SPACs and de-SPACs. I guess I can't complain too much with my biggest position, AMPS, sitting around $9.7 (though my warrants took 20% hit on tiny volume). But it's sure feels shitty given that it was the only SPAC deal that ticked virtually every single box in my view since MP and it's still floundering. I think I should do a deep dive on the HGTY deal... The reality that the warrants were there for the taking sub $2 for months and that I didn't even buy a small position and that it has so massively outperformed all of my highest conviction SPACs (CBAH/AMPS, GSAH/MIR, and HZAC/SEAT) calls for some reflection.
CBAH looking strong (albeit on pretty low volume) through a rough couple of days for small caps.
IBKR mobile app listing CBAH warrant strike as 11.5 😅
I'd say 1/15 deals these days has some sort of backstop. $300M is on the larger side for sure, though. Other notable examples from the past 6 months: * HZAC - full backstop of all redemptions * Grab - full backstop of all redemptions * CBAH - $150M backstop * GSAH - $125M backstop
Hey, my broker already switched my CBAH to AMPS and now it looks like my current holdings are well in the green! Feels much better! Guess I need to adjust my CB...just not today.
Does anyone know what the redemption numbers were from CBAH?
CBAH to AMPS tomorrow. Reminder to not freak out if you are holding and your account looks wacky (internal monologue). Also, please go up AMPS! (dictated but not read;)
CBAH looking strong into ticker change tomorrow
It will give me immense pleasure to see the good guys (CBRE/CBAH) with such an exemplary deal - unmatched alignment between sponsor, company management, and SPAC investors - overtake the SPAC promote whore Gores’ big SPAC deal’ (GGPI) with its scummy discounted PIPE and business as usual egregious unconditional 20% promote.
Trimmed the extra SLDPw for 70% gain. Holding commons and haven’t sold cc yet. Also pleased to see CBAH quietly delivering.
INSTITUTIONS are not even waiting for ticker change to buy CBAH like they did for SLDP. Bullish.
CBAH commons having a real nice day
PSA for warrants, strike price is 11, not the standard 11.50! Big CBAH guy! Ticker change to AMPS tomorrow!
apart from short term pears, CBAH (Altus Power) is a good play for long term! new ticker in the coming days I just added some commons
PL and SLDP are two massive SPACs so happy how CBAH is doing. I believe if gambling recovers by 22 December SEAH should get a run up as profits from PL and SLDP moves over in anticipation of merger. CnDW really had a great day. I sold half at the bottom but still booked 50% ... merger is a bit far away so maybe bite at the cherry again. Want to trust the rally but 17 December scares me. GL all.
Not too big a surprise, but the CBAH merger vote passed. We won't know redemption numbers until later though. Ticker change on Friday.
CBAH cannot be redeemed now. What you CAN do, is if you HAD submitted your shares for redemption, you can revoke that election for another two days.
Sold CBAH before merger, got in starter position just now, what happened this morning? Big spike then pinned at 10.1 pretending to be a pre-merger SPAC?
CBAH price action is hella strange 🤔
Liking CBAH. Reminds me a bit of AMT
Spacfoliipolio is now SRAD 32% CBAHW 20% DCRN 15.5% GENI 10.5% FTCV + Feb 7.5c 7.5% SBEA 5% CMLTW 4.5% APSGW 2.5% PPGH 2% RCLFW .5% Getting spanked! Willing to hold SRAD CBAH GENI a long time. Really think CMLTW is a short term winner at its current level, May double my stake if I can get in under 1.7 next week, vote is 12/16. Anyone buying SCLEW under 1.2?
CBAH impressed me today, ACTD impressed as well. APSG just DA'd on a bad day.
CBAH says they're going to meet minimum cash requirement. Good news on pretty rough day for stonks.
I just sold some near NAV positions to buy more aggressive positions. Sold CBAH, DCRN, and some pre-DA warrants. Bought CBAH/W, CND/W, and DCRC. May the Spac gods have mercy on my portfolio.
Added SoFi at 15, I think this can bleed more. Actd at 10, added GENI. Had a starter position in PLTR may add more with a stink bid. 40% cash and NAV protection, adding Panera warrants if I get fills at 1.82. sold CND+ great ride from 1.64 to 3+ sold at avg of 2.8 so not bad. Hammered overall. Added APSG+ at 1.30 would have been a glorious day but everything crapped out. CBAH is the goat so far. Betting on SEAH run up to merger with warrants.
CBAH "boxing" info from [CBAH S-4/A](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001828723/000119312521299092/d198251ds4a.htm): *2.1.18 Subscriber agrees that, from the date of this Subscription Agreement, none of Subscriber, its controlled affiliates, ... will engage in any hedging or other transactions or arrangements ...; provided that, for the avoidance of doubt, this Section 2.1.18 shall not apply to ... (b) ordinary course, non-speculative hedging transactions (including hedging transactions that lock in profits or mitigate downside risks on the Shares).* Any lawyers or smart people please look at S-4 and check this section. If this is true, why would there not be much higher short interest from PIPE hedging to "mitigate downside risks"?
CBAH the only green in the market atm!
CBAH PIPE subscription agreement reads: >Subscriber agrees that, from the date of this Subscription Agreement, none of Subscriber, its controlled affiliates, or any person or entity acting on behalf of Subscriber or any of its controlled affiliates or pursuant to any understanding with Subscriber or any of its controlled affiliates will engage in any hedging or other transactions or arrangements.
$6 spread on CBAH quick someone sacrifice 13 bucks for our ports
is it still possible to buy CBAH and redeem? 17000 ask at $10.
What do you wish to buy if market corrects 20%? I have been thinking about this scenario for sometime and my answer is TQQQ for peace of mind plus smaller positions in a few deSPACs that are growing revenue, eg. MKFG, CBAH(consider it as deSPAC due to floor removal).
> CBAH was such a nice arb play on the commons. Scooped 30K shares at 9.84. Guaranteed 1.5% return over a few days that can be levered. ...Are you sure you have enough time to tender them after they settle?
CBAH was such a nice arb play on the commons. Scooped 30K shares at 9.84. Guaranteed 1.5% return over a few days that can be levered.
CBAH, DCRN, PPGH, RBAC all *wildly* disappointing 😐
CBAH oh bby looking forward to finally starting my commons entry around 9.20(?) Once the floor drops.
Sold out CBAH. Still like it but there’s going to be a better entry very soon with floor dropping in this market environment. So many dips lol, which ones are you all buying?
Increased my CBAHW position by 250% today, decreased my CBAH position by 100%
Feeling pretty good about CBAH, mostly due to my trust in their backer Blackstone/BX which I’ve been invested in for some time.
CBAH losing at like 25% the rate of anything without a floor lol
Happy thanksgiving to everyone celebrating! I'm certainly grateful for this community. Looking forward to December mergers, especially CBAH and DMYQ but also curious to see how TPGS and DGNS perform.
>i feel like spactickle makes his return this weekend for some reason adatausb returns. To remind us that once he said GENI was shit along with LCID MVST and 30 other spacs. And give his verdict on GGPI DCRC DMYQ CBAH SEAH
scoop up your cheap CBAH commons before the EoD bounce
Yeah so the filters are great to find stock ideas. CBAH has 72 funds holding it so it will only appear with the HOLDING filter set to 51 to 200. If you want to look at one stock no need to filter the results further - the filters are helpful if you want stock ideas. Hopefully this helps.
This looks like it could be a great tool. Thank you for sharing it! I'll give feedback once I have more experience with it. But for now, one clarifying question: What do the numbers (1-5, 6-10, 11-25, etc.) signify? When I search CBAH, for instance, and filter by 'HOLDING' and '1-5', I get 0 results.
You're holding CBAH through merger? If i were going to hold through merger in this environment I think I'd rather have VACASA. although i do like both of them as long term plays.
I picked up some CBAH, merger vote soon on dec 6th
Your regularly scheduled AM CBAH 10.3x fills are here
No DAs. Un-fucking-believable. Once again, I'm seriously tempted to sell all my pre-DA commons and go all in on CBAH, at $10.4 the risk/reward is still phenomenal. And evidently HAAC, VYGG, KVSC, LEAP, etc. neither know how to take advantage of: 1. a market correction (February-March 2021) and 8 month SPAC bear market by getting lower valuation *nor* 2. a SPAC market recovery (like the one we've been in for a month) by announcing a deal with a world class company that investors will want a piece of regardless of valuation. Big time let down thus far. Knowing my luck though, the epic sponsors will start announcing epic deals next week.
Like your strategy and thinking you outlined here. One thing: I’d add HAAC to the list with LEAP and VYGG. They’re all of equal caliber and roughly equally overdue for a DA. I have a real dilemma atm wrt to pre-DA vs. near merger commons. On the one hand, there are several SPACs led by truly world class investors (many of which you mentioned) with exceptionally investor and target company friendly structures: low to no warrants and / or part or fully vesting promotes. I think most of these are bound to announce deals that are absolute home runs — with such high caliber companies that institutional holders won’t be quick to sell and might even be buyers on the DA. I’m thinking of a company like OpenDoor or Nextdoor (funny they both have ‘door’ in the name). And since SPACs and IPOs generally are getting hot again, there should be decent pops, especially for the ones that don’t have warrants given commons are the only way to get exposure. On the other hand, who knows how long it’ll take and the opportunity cost could prove to be massive in the near term. CBAH in particular is one I think could run into the merger and is still close to NAV. I already have a ton of warrants but tempting to double dip with commons given the low near-term downside.
I'm not to worried about it with Betsy. She might over-value something or go with a smaller company and go minimal PIPE backstop to ensure cash requirement. Either way still a pop. But for now I'm not sure where to go, all my pre DA purchases were recent and I think recent no news gains in warrants are about to decay away so I wanted to preserve some capital for a pre merge warrant run up. I think u/JohnBot is onto something with PACX.W. Not a lot of cheap pre merge warrants right now primed to run other than that. Recently did pretty well with MIR and CBAH warrants so looking for something like that.
Buying CBAH commons here. Quiet sleeper
Then how many CBAH shares do you have? Over 100K?
Disclosure: Trimming DMYQ here. Still like the risk/reward given DMY's track record; but CBAH commons are relatively more attractive imo.
Cash park Spacs: DGNS, CBAH, NGCA, DCRN High potential play: SABSW
It’s so lame I can’t sell calls on any of my post DAs except FTCV (TPGS DCRN CBAH DMYQ SBEA) WEN OPTION! DMYSU at 10.72! I made a huge mistake not loading in under 10.3 or 10.4. Loving my .56 cents on my single 10.16 share lol. How much is the warrant worth post split? I don’t want to pay more than 1.2ish to start a position.
FTCV and CBAH dip buying paying off
NGCA virgin orbit, CBAH (merging soon), lots of others. SBEA, BENE.... DGNS merging
Still waiting for the rooftop Koreans to get all up in my CBAH
Buying commons - FTCV, CBAH, DCRN and DMYQ if it drops again. Any other commons around $10.20-10.40 with warrants over $2.50?
Thanks for asking. I am looking at post DA, pre merger for the downside protection. Right now I’m undecided still but already have decent positions in DMYQ, DCRC, and FTCV. Really like Circle ( have small amount of warrants ) and SEAH. Closer to NAV, maybe DCRN, CBAH or NGCA. Also eyed BRPM for the hype alone but might be dead for now
Pleasantly to see that CBAH was the second most mentioned SPAC today. But then again, it was only 8 mentions and I must have been at least two of them 😂
That's what I did. Happily sold my 4000 warrants for 40% gain. I'll buy back in next week once it cools back down or maybe I'll just buy more PPGH or CBAH
CBAH my biggest position, Commons are such a good bet rn
Looking at the DAs on my watchlist, I really like CBAH and RBAC at 10.2. Good DAs, good business teams, good potential, good prices near NAV. I might be taking a position very soon. 🤞
It’s a conversation starter. People toss out individual names, new info, new prospects, etc. every day that just get lost in the feed. I attempted to put them together in one place with a rough hierarchy to 1) bring awareness to what might be under the radar, and 2) give some idea of what tickers people seem to be the most optimistic about. Yes, it’s short term based on the metrics I mentioned. Your recommendations of TPGS and CBAH are welcome suggestions. I hadn’t seen much about this but its already gotten multiple mentions. I also feel it has a lot more purpose or value than the average weekend comment in the daily discussion thread 🙂
I am personally offended by that CBAH ranking!
>based mainly on price action, sentiment, and proximity to merger Seems you are *only* ranking these in order of (1) near-term trade potential or even based on share-price, as opposed to (2) medium to long-term investment potential given the valuation, quality of the target, the tier of the sponsor, structure of the SPAC deal and alignment of interests, PIPE investors etc. If you were giving (2) any real consideration, TPGS would certainly be tier-2 at least and CBAH would be tier-1. I'm kinda at a loss as to the purpose or value of your post.
What are people's thoughts on how CBAH commons and warrants will be affected by the upcoming vote?
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I’ve been eyeing CBAH. Financials look good for a green sector stock, good growth and kinda flying under the radar from what I can tell.
Dipping into margin for CBAH commons at 10.15
Bought more CBAH and started a position in DCRN. Looks like a 3rd red day in a row for me though.
CBAH around the same time. And there are a few which merge sooner on which you could go short.
will some of that infrastructure bill love spill to CBAH?
No news since 11/02. Comps have come in a bit the past week but still remain \~10-15% above where they were when the CBAH deal was made. My plan to hold warrants through merger remains unchanged. All news directly related to Altus can be found [here](https://fintel.io/sf/us/cbah).
Havent seen much on CBAH yhe last few days. Anyone see any news that would cause concern? Still feeling bullish and considering adding to my small position
DMYQ or CBAH at current price levels would be safe options with upside potential
Is anyone else dealing w/ an internal risk/reward debate when it comes to SPACs right now? What I mean is, assuming we are in a more bullish SPAC market, I believe some of the SPACs further off NAV e.g. DCRC, SEAH, CND, will continue to go up quickly. But on the other hand, I think there's some pretty solid target much closer to NAV such as CBAH, DGNS, and DMYQ. ​ I'm struggling on how to decide on balancing my portfolio for potential upside gain vs. downside risk. ​ Any thoughts?
You can tell they really don't understand CBAH structure. CBAH warrants have a higher strike price so I wouldn't take anything they have to say seriously. No basis to assume they would do cashless.
CBAH/WS finally getting some love
Why do you think CBAH will be a hit?
Also I'm loading CBAH+ on every dip, I'm getting VSPR gang gang vibes from this play. Long solar, you know the industry gonna blow up when gigachadette's like me are top design engineers in the field.
CBAH warrants look good as well - they have $11 strike vs $11.50 so are actually at 1.84 right now.
NGCA, CBAH, BRPM Looking for above 11 exits in the coming weeks
$CBAH [Altus Power, Inc., a Market-Leading Clean Electrification Company, Announces Acquisition of Energy Storage and Solar Power Generation Assets in Hawaii ](https://www.prnewswire.com/news-releases/altus-power-inc-a-market-leading-clean-electrification-company-announces-acquisition-of-energy-storage-and-solar-power-generation-assets-in-hawaii-301412581.html)
DBDR SEAH CND DMYQ CBAH ADF SNII would be the top ones. I like to play things closer to merger so I’m only in DBDR SEAH CND for now but should be adding some of those others in the next month or so.
Didn’t see this but per spacktrack daniel’s list CBAH vote set for 12/6