Reddit Posts
It’s happening!! Screw DCRN, go for DCRNW!
Tritium charging merger complete. $DCRN is now $DCRC
$DCRN Decarbonization Plus Acquisition Corporation II Announces Waiver of Minimum Cash Condition and Post-Closing Financing
DCRN - Tritium ramping up with demand outstripping supply - vote Jan 12
$DCRN - Tritium Wins Shell Global EV Charging Tender
$DCRN Tritium Announces Debt Refinancing with a New $90 Million Facility
$DCRN - Tritium Charging compelling valuation with EV only $1.4B and nearing $100M in sales for 2021. $78M order backlog.
$DCRN Tritium Collaborates With Fast Charging Network Operator EVCS to Deploy Over 500 New EV Fast Chargers
DCRN - Tritium Collaborates With Fast Charging Network Operator EVCS to Deploy Over 500 New EV Fast Chargers
$DCRN Decarbonization Plus Acquisition Corporation II Announces Filing of Amended Registration Statement in Connection with its Proposed Business Combination with Tritium
Mentions
Not sure if the warrants can be exercised Monday or not, it's complicated. DCFCW are not ***redeemable for cash exercise*** unless dcfc trades over 10.8 for 20 of 30 days. DCFCW are ***redeemable for cashless exercise*** if the shares of DCFC trade above $6 for one day. In either case, DCFCW can not be called for redemption until the warrants are exercisable. See the [amended warrant agreement](https://www.sec.gov/Archives/edgar/data/0001862490/000119312522009227/d293327dex42.htm), Section 6.1 and 6.2. Also note, Section 6.2 has an error, it says "Redemption of Warrants When the Price Per DCFC Ordinary Share Equals or Exceeds $10.00", that has been changed to $6. Also reference the amended Warrant Redemption chart for Section 6.2, provided in this [6-K report filed February 8](https://www.sec.gov/Archives/edgar/data/0001862490/000119312522030305/d297549d6k.htm) . The amended warrant agreement say "**A Warrant may be exercised only during the period (the “Exercise Period”) (A) commencing on February 12, 2022** and (B) terminating at 5:00 p.m., New York City time on the earlier to occur of: (x) the date that is five (5) years after the date hereof .... **provided, however, that the exercise of any Warrant shall be subject to the satisfaction of any applicable conditions, as set forth in subsection 3.3.2 below with respect to an effective registration statement**." That is where it gets complicated. That says the warrants will become exercisable on February 12, but only if the "effective registration statement" part has been satisfied. The [424B3 filed by DCFC on 12/21/2021](https://www.sec.gov/Archives/edgar/data/1862490/000119312521362967/d203911d424b3.htm) says: "This **proxy statement/prospectus, which forms part of a registration statement** on Form F-4 filed with the SEC by NewCo, as it may be amended or supplemented from time to time (File No. 333-259793) (the “Registration Statement”), serves as: ... **A prospectus of NewCo under Section 5 of the Securities Act with respect to the** (i) NewCo Ordinary Shares that DCRN stockholders and Tritium shareholders will receive in the Business Combination; (ii) NewCo Warrants that holders of DCRN warrants will receive in the Business Combination and **(iii) NewCo Ordinary Shares that may be issued upon exercise of the NewCo Warrants.**" That 424B3 was declared effective on 12/21, so that 424B3 ***may be*** the "effective registration statement" required, but that is just a guess from some guy on the interwebs. DCFC has not filed a new F-1 Registration statement since the business combination completed. So it will be interesting to see if the warrants really do become exercisable Monday.
Calling up Fidelity like They are my DCRN commons and I want them now!
Agreed, got pretty good results from all previous DCRB, DCRN, DCRC… DCRD is probably going to DA soon. DCREU will be the next play
Here was my comment from 3 weeks back... haven't verified it since then, but here it is. So the way I read this is 20 out of 30 days either above $6 can be called cashless or above $10.8 called for cash with an exercise price of $6.9. So let’s assume the cashless above $6 if it was at $7 or below that would be (I think .257 on the chart \~57 months to expiration) would make them worth $1.8? Woulda been nice to grab them 2 days ago at $1.1. Someone responded saying probably can't call until March and said he thought the amount was .258. So at $6 its $1.55, $7 its $1.8, $8 its $2.06. Or thats what we were thinking. When did DCRN IPO - probably can't call them before then?
Look at dcrc and DCRN great renewable companies both flopped and imo are stronger plays than this
How is DCRN green? Just oversold bounce or news?
> I wouldn’t care so much had I not forgot I had parked 10k in DCRN for my mother in her low risk no reward account and failed to redeem. Big oof. Thanksgiving is going to be weird this year.
DCFC going the wrong direction. Following the deSPAC script precisely I suppose and I wouldn’t care so much had I not forgot I had parked 10k in DCRN for my mother in her low risk no reward account and failed to redeem. F.
Why do you assume they DCRN couldn't raise a PIPE as opposed to the money in trust was sufficient for modeled business needs without creating the additional dilution from a large PIPE? No idea on "specific" target, as like you mentioned it is publicly known that this team has recently met with tons of companies to take them public, which of course is part of my theory for why this shouldn't take long to DA.
I agree and think they have to be soon. Most concerning is what they pulled at the end of DCRN/DCFC with the $6 backstop and not being able to raise a decent PIPE. Especially after this team has made so much money. Any guess on actual targets? Reading the DCRN info it sounded like they had 20 targets they talked to or so between that and DCRB I thought. I do agree they wanted to get this closed before another so hopefully we see a DA soon. Good digging.
No one will drain the trust on Impossible Foods if they IPO,, or another DKNG.. or any other great company DCRN was DAd with too high a valuation.. now valuations are down.. there is light at the end of this tunnel
If the arbs are going to drain the trust why even bother with SPAC's? Look at DCRN: Great growing company and it still got an 88% redemption rate. It drained so much money from the trust they had to do a back-stop of funding at 6 a share. No business is going to want to deal with that shit vs going the IPO route.
Feeling the same, don’t have much cash unfortunately. I’ll be adding my DCRN pile to Ws over the next couple weeks, gunna be stingy on my bids.
I’m not feeling the capitulation going around. Year end close is wild at the office so it may just be that I’m actually working and don’t have the bandwidth to pay attention. The boomer port going down at all hurts more TBH. Been heavy in pre DA and post DA warrants for ~6 months. I don’t think anything has fundamentally changed in that timeframe to push me out of warrants, other than the entries have gotten better. Only reason I’d cut bait on a W right now is to buy a different one. Other than DCRN redemption and ~5% flipping around warrants I haven’t made a trade since I stopped adding EQRXW on 12/22. Positions are still SRAD, AMPSW, EQRXW, GENI + a handful of small pre DA warrant positions.
DCRN redemption money came through. Not sure what to do with the cash. Wait and see what indexes do, I guess. Maybe buy sub NAV spacs, but not feeling too inspired.
The earliest PR about it I can find was on the morning of the merger meeting (too late to redeem). [See here](https://www.prnewswire.com/news-releases/decarbonization-plus-acquisition-corporation-ii-announces-waiver-of-minimum-cash-condition-and-post-closing-financing-301459275.html). I find it hard to believe that they struck this deal in between the redemption deadline and the morning of the merger meeting without having discussed it prior (given the general SPAC market and DCRN trading below NAV - it has been obvious for weeks that they would not meet the minimum cash condition to close the deal). Both Sponsor and Tritium have incentive to keep any such deal quiet until after redemptiojn deadline. Not a good look IMO.
Was the backstop financing for DCRN @ $6 per share known prior to the redemption deadline? Presumably there had been discussions between Tritium and the sponsor about alternative financing if redemptions were high rather than it being a last minute agreement. Redemptions were 86% but I feel they would've been even higher if investors were fully informed that a substantial amount of their cash raised would be at $6 per share rather than $10 per share. Seems kind of scummy to me that they would wait until after the redemption deadline to annouce this. I feel bad for those who didn't redeem.
> Not sure, but that may mean that the DCFCW warrants will become exercisable on February 12, if the 424B3 ( an Effective registration statement ) does cover the stock underlying the warrants. You are correct. The prospectus registers the shares underlying the warrants. That's not all they need; by the warrants' terms they are also only exercisable at the later of a) one year from the DCRN IPO (which would be Feb. 3, 2022) or b) 30 days from the closing of the merger, which would be the Feb. 12th date they mention. So unless we both missed something these warrants should be exercisable in one way or another no later than a month from now.
The terms were actually specified in the ***original*** [warrant agreement](https://www.sec.gov/Archives/edgar/data/0001836154/000156459021003190/dcrnu-ex44_33.htm) ( DCFC issued an amended warrant agreement January 13, 2022 ) for Decarbonization Plus Acquisition Corporation, Section 4.3 said: "**If, in connection with the closing of the initial Business Combination, the Company issues additional shares of Common Stock or securities of the Company which are convertible into, or exchangeable or exercisable for, equity securities of the Company, including any securities issued by the Company which are pledged to secure any obligation of any holder to purchase equity securities of the Company, at an issue price or effective issue price of less than $9.20 per share of Common Stock, with such issue price or effective issue price to be determined in good faith by the Board** (and in the case of any such issuance to the Sponsor or its affiliates, without taking into account any shares of common stock of the Company issued prior to the Offering and held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), **the Warrant Price shall be adjusted (to the nearest cent) to be equal to 115% of the Newly Issued Price, the $18.00 per share redemption trigger price described in Section 6.1 hereof shall be adjusted (to the nearest cent) to be equal to 180% of the Newly Issued Price, and the $10.00 per share redemption trigger price described in Section 6.2 hereof shall be adjusted (to the nearest cent) to be equal to the Newly Issued Price.**" DCRN issued options at $6 per share ***in connection with the closing of the initial Business Combination,*** which triggered the above clause in the original warrant agreement.
Not quite. According to the [amended warrant agreement](https://www.sec.gov/Archives/edgar/data/0001862490/000119312522009227/d293327dex42.htm) ( Section 6.2) : " ... provided that the last sale price of the DCFC Ordinary Shares equals or exceeds $10.00 per share ..., on the trading day prior to the date on which notice of the redemption is given." So the $6 redemption trigger can be met if the price of DCFC is >/= $6 ***for one day***. The $10.80 redemption trigger ( Section 6.1 ) says "provided that the last sale price of the DCFC Ordinary Shares reported has been at least $18.00 per share ... , on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third Business Day prior to the date on which notice of the redemption is given ..." So that redemption trigger requires 20 out of 30 ***trading*** days. Note: The Amended Warrant Agreement ***does not*** have the updated exercise and redemption trigger prices. That is why the 8-k says "The Company will use its commercially reasonable efforts to provide notice of the Warrant Adjustments to each of the holders of the Company Warrants pursuant to its obligation under the Warrant Agreement." Also, per Section 3.2, "Duration of Warrants. A Warrant may be exercised only during the period (the “Exercise Period”) (A) **commencing on February 12, 2022** ... " The common stock underlying the warrants was registered by Tritium in the [424B3 prospectus](https://www.sec.gov/Archives/edgar/data/0001862490/000119312521362967/d203911d424b3.htm), filed December 21, 2021, which says: "This proxy statement/prospectus, which forms part of a registration statement on Form F-4 filed with the SEC by NewCo, as it may be amended or supplemented from time to time (File No. 333-259793) (the “Registration Statement”), serves as: ... A prospectus of NewCo under Section 5 of the Securities Act with respect to the (i) NewCo Ordinary Shares that DCRN stockholders and Tritium shareholders will receive in the Business Combination; **(ii) NewCo Warrants that holders of DCRN warrants will receive in the Business Combination and (iii) NewCo Ordinary Shares that may be issued upon exercise of the NewCo Warrants.**" Not sure, but that may mean that the DCFCW warrants will become exercisable on February 12, ***if*** the 424B3 ( an Effective registration statement ) does cover the stock underlying the warrants. ***If*** that is the case, the DCFC could issue a notice of redemption using Section 6.2 and the cashless exercise chart as soon as February 14, 2022, if DCFC stock is >/= $6. In that case, there would be approximately 59 months remaining, and if DCFC is </= $10, then the cashless exchange ratio would be around .260 .
>My first attempt at put gang... Going great so far 🥹 I have not been able to pull trigger on a Single put so far. Prices are expensive where prices are cheap the target is not total crap. I was feeling that XPDI would re bound - but not sure how to play it, I was also eyeing DCRN for a bounce that would be nice. But I am so burned both mentally and financially that I cant make sudden moves. Lol.
Yeah, it's low-reward, but I'm seriously contemplating buying 10,000 shares IPOF when my DCRN redemption money comes in to go with my 10,000 shares IPOD, and just waiting like an ambush predator for some idiot to start a completely implausible IPOF rumor.
DCFC (formerly DCRN) warrant exercise price reduced from $11.5 to $6.9?! https://reddit.com/r/Spacstocks/comments/s3uo2o/tritium_dcfc_limited_amends_warrant_terms_to/ https://twitter.com/funnyg986/status/1481991586913271811?s=21
Formerly DCRN now Tritium correct? Was watching that one for a while
DCFC Tritium (DCRN) with a moon shot at open. :/ gz to those who got on it yesterday.
Just noticed my DCRN redemption monies came thru today. Praise him!
I bought a little bit of CANO after selling DCRN. Others are slowly becoming large bags..
DCRN holding up so far but I don't trust it. Ticker change day is usually a bloodbath.
Just bought DCRN. Glad the vote passed. Should see a nice price increase.
Gunna buy so many warrants wit my DCRN redemption monies. Quick fast plz!
Hmm is that sheet 100% accurate? DCRN is listed as the 7th there but was dropped to around $9.80 on the 6th.
A lot of the “hyper growth ™️” investors are now chasing banks at ATH multiples, so I’m finally looking into some growth names. What price are you guys buying DCRN at?
DCRN merger passed. Meeting just ended.
Who bought DCRN at open when the backstop is getting in at $6... mind-boggling.
Still? MENLO PARK, Calif., Jan. 12, 2022 /PRNewswire/ -- Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN, DCRNW, DCRNU) ("DCRN"), a publicly-traded special purpose acquisition company, and Tritium Holdings Pty Ltd, an Australian proprietary company limited by shares ("Tritium") today announced that Tritium, Tritium DCFC Limited, an Australian public company limited by shares ("NewCo"), and Hulk Merger Sub, Inc. have waived the minimum cash condition required to be satisfied at the closing of the business combination (the "Business Combination"). Such minimum cash condition would have required the amount of funds contained in DCRN's trust account (the "Trust Account") (net of the aggregate amount of cash proceeds required to satisfy any exercise by DCRN's stockholders of their redemption rights and net of DCRN's fees and expenses incurred in connection with the Business Combination) plus the amount of cash proceeds to NewCo resulting from any private placements of ordinary shares in the capital of NewCo (the "NewCo Ordinary Shares") consummated in connection with the closing of the Business Combination (the "Closing"), to be at least $200,000,000.
Why did DCRN hit $9.88 today, is some discord trying to pump this as a SPAC redemption play?
Can we all take a min to appreciate DCRN not giving a post merger fuck and rising along with the market
Trust too big? MCMJ looks good. Although DCRN probably will get the higher redemptions.
Given the sudden surge in borrow rates and lack of shares to short I'm thinking DCRN might be a squeeze play.
At what price does DCRN become a fundamentally fair valued benchmarked against their revenue? ( which they said their on track)
You didn't reply to /u/4quila, only to me. Tagging him so he sees. I can literally screencap an email from F about DCRN tender offer so uh. IDK how he could possibly disagree on the redemption front.
I literally bought $100,000 of IPOD just to perma sell calls against it until DA. I'm seriously thinking of also buying $100,000 of IPOF with my refunded DCRN money and doing the same.
I feel like DCRN will unexpectedly become a tiny float squeeze play
Hey guys. I have never actually gone through with a redemption process, i usually have only a few hundred shares so sell at market. With DCRN its a bit different so asking for advice. 1. Does anyone have the redemption value estimate? 2. I have a proxy form from my broker, says must be received by Jan 11 to be counted, so i could theoretically wait and if it gets back in the 9.90's just sell? 3. I've got the option to scan and vote proxy by QR code, any experience doing this? 4. When do you normally see the money deposited to your account/shares taken? Little nervous about the whole thing, as you can tell. Thanks
Ok i just don't get it. Can someone explain why you choose to redeem DCRN instead of vote in favor of combination with Tritium?? Nothing changed or did i miss something?
Ok i just don't get it. Can someone explain why you choose to redeem DCRN instead of vote in favor of combination with Tritium?? Nothing changed or did i miss something?
Should I really redeem my DCRN with the rest of these fools? I know it’s gonna skyrocket if I do
Who says you can't make money on SPACs anymore during these tough times? Bought DCRN at 9,94 and sold at 9,95. Take that mr. Market!
You gotta have some brass balls on you to stay in DCRN through merger.
DCRC didn't have high redemption, nor revenue. DCRN might have both. But i sold my commons.
I'm out of everything except near NAV plays, and my definition of "near NAV" is within 20% so anything $10 - $12. What are your top picks for near NAV commons that have the ability to move, as opposed to ones that seem to permanently be stuck at NAV. So far my picks are GGPI and CFVI, and sadly that's all I can think of. I thought DCRN would move (nope) and XPDI will lose NAV protection soon.
Just redeemed 16,353 shares DCRN, so sorry to say that's $163,353 fewer dollars this fantastic company will receive. Pains me to do so as Tritium is a great company, but alas the SPAC market is unfairly & illogically tainted at the moment. Like General MacArthur at Corregidor, I shall return to Tritium either on DCRN de-SPAC, or if the deal fails, on the eventual IPO. Tritium is one of the best public EV plays, DC Fast Charging is undeniably the future, and Tritium is a global leader via its differentiated tech. \[/end rant\]
Yup. And DCRN is a better company than WBX.
>I have probably a dumb question. I don’t think DCRN will get to high of a redemption for a squeeze but if they terminate the deal after redemptions already occurred could it be similar to ESSC? I don't know, i sold everything at market yesterday for a small loss.
I have probably a dumb question. I don’t think DCRN will get to high of a redemption for a squeeze but if they terminate the deal after redemptions already occurred could it be similar to ESSC?
Absolutely. It's a really great company, to the point one has to wonder if (unlike many SPACs) they just kill the deal given the presumed redemptions will be high. They could probably do just as well or better via an IPO. That said, given DCRN warrants are still trading at $1.45, it doesnt seem like investors think there's any risk of the deal failing.
TritiumCharging(DCRN) reports 2H 2021 * sales of $98 m, an increase of 416% YOY * Record backlog at year end representing over 48% of 2022 revenue target * issues formal revenue guidance of $170 million for 22, consistent with prior forecast
DCRN de-spac soon, is it going up or down post de-spac? Seems like sentiment right now is in the toilet and not sure if it's just worth redeeming and hoping it goes to $6 like everything else. Love the company but short term sentiment on these things is terrible.
redeemed 15k DCRN :/ now waiting for IVAN
PRPB and DCRN lost virtually no money. But yeah, AVPT, SNAX, and SLDP are the only stocks I own. Brilliant commentary.
I too, can barely count the gains on your AVPT, DCRN, SLDP, SNAX, and PRPB picks.
Don’t forget to redeem your DCRN by eod Thursday. +5% open for me today. Praise EQRXW
Need to check when redemption deadline for DCRN, not holding this through merger. Will look at it again when it's in the 8's.
When is the redemption date for DCRN? Schwab sent an offer for 1/6 but that seems a couple days early.
Within SPACs, GGPI is my current go to buy. RLKB if it drops below 11. SLDP at 8/9. DCRN post merger post likely at 8, sadly. Could also consider ASTS and STEM.
Got a DCRN vote email from TD Ameritrade. January 11 is the last day.
IONQ is probably the riskiest on there. Bit of a moonshot, and expect volatility - I have a position but not sure if I would enter at its current price (I bought back in at 15). MTTR is decent imo to average in. I like unity but wouldn't expect to see it pump back to ATH too quickly unless we get a crazy bull run on Jan/Feb. Pypl seems like a good entry but not sure how much growth it has in it near term? Lots of competition. Could throw sofi in the mix - higher risk, arguably over valued but seems to have strong support at 14.5ish and (hopefully) upcoming catalyst of the bank charter. I'm hoping it will bounce back to 20s reasonably quickly... Maybe also check out DCRN (but wouldn't buy in until after merger).
Looking like it’s gonna drop post merge. Just pinned below NAV. Seems to be very little interest in DCRN. But they’ve been pushing out PR after PR recently. Perhaps it’s because DCRN is late to the EV charging SPAC rush and there as been many others before it. Altho DCRN is a Titan. It’ll be a winner in the long term. It’s a matter of execution not lofty ideas 10 years down the line. Wise idea. Although you can never be 100% guaranteed you will get a cheaper average hence I plan on keeping my 10.02 something average. I doesn’t matter to me if drop to 8. Paper loss for a short while.
https://electrek.co/2021/12/21/tritium-partners-with-aqua-superpower-to-expand-charging-network-for-electric-boats/ DCRN partnering for rich people’s boats.
Anyone else really like what they are hearing from Tritium (DCRN) you think we get any movement similar to DCRC before merger?
“DC Fast Charging hardware and software manufacturer DCRN/Tritium has announced a strategic partnership with Aqua superPower, the first fast charging network developed specifically for marine EVs.” https://electrek.co/2021/12/21/tritium-partners-with-aqua-superpower-to-expand-charging-network-for-electric-boats/
DCRN has been a total disappointment for me. As much as I like Tritium, the (lack of) price action makes me pretty confident that it's going sub $10 after merger.
So the amended 10-Q that deals with the new classification of warrants that PACX filed yesterday... DCRN filed theirs about 4 weeks ago and obviously announced their merger date today Just poking around
The announcement is finally here for DCRN/Tritium. "Today Decarbonization Plus Acquisition Corporation II (NASDAQ: $DCRN) and Tritium announce filing of the definitive proxy statement and special meeting of stockholders to be held January 12, 2022 to approve the proposed business combination agreement." https://twitter.com/TritiumCharging/status/1473262333753503747?s=20
The demand for DCRN's product exceeds their ability to deliver, but nah, it's a SPAC, SELL, SELL, SELL, SELL!!!! https://www.bloomberg.com/news/videos/2021-12-20/ev-charger-maker-tritium-says-demand-outstripping-supply-video?utm\_source=twitter&utm\_medium=social&utm\_term=&utm\_content=&utm\_campaign=
Thank you my guy! I know almost for certain DCRN will drop post merge, it’s pinned to below NAV even with a DA. But I’m in and holding at NAV. None of this sell & rebuy non sense.
I forgot who asked more specifics about the DCRN/Tritium deal with Shell but an InsideEVs with a little more info. “Shell plans to operate 500,000 charging points by 2025, and 2.5 million by 2030, however a big part of that will be AC Level 2 charging points. According to the press release, Tritium will supply fast chargers to Shell in Europe, South Africa, Asia, the Middle East and North America. The first chargers were delivered in 2020. We assume that Shell will have also other suppliers along the way, but it's still a potentially big deal for Tritium, which so far deployed more than 5,200 fast chargers in 41 countries.”
I dont believe his spreadsheet is correct, the last DCRN filing I can pull is 12/10/21. In any event, my belief has been it's the < $10 share price that's been holding up the merger. This could be the poster-child for how toxic SPACs have become. I'll probably have to redeem my shares, then the stock will drop on merger to something like $8.25 - $9.25, then I'll load the boat because I expect this to get to $15 on the open-market is relatively short time.
I like CND for crypto exposure waiting on tether to blow up Also HUGS and SBEA for food service industry. Will build a position in SBEA (Black Rifle Coffee) closer to merger whenever it is announced. HUGS is Panera Brands (Panera + Einsteins + Caribou Coffee) and they will be buying shares at their IPO. On my watch list: PLBY with their new OnlyFans competitor coming online, DCRN Tritium for EV charging green tech, IVAN for Li+Metal EV battery exposure (currently holding SLDP as well). DKNG if it continues to drop.
DCRN getting jack shit from the Shell deal announced last night
for safe money (haha) AGCB at 9.8 ATL...hard to see it go anywhere but up, DCRN close to redeem at 9.88... pretty much all of the warrants at discount too
the only one I like without reservations is DCRN here, but I'm preparing to redeem comparing to other SPACs in this space, this one should do better IMHO
My highest conviction NAV spacs that I think could actually move above NAV *before* merger (haven't seen a lot of this happening lately). Likely catalyst is merger date. RBAC - SeatGeek SEAH - Super Group DCRN - Tritium FTCV - eToro (but only if valuation is changed and the deal doesn't fail) Any others at NAV that may be able to sneak up to 11 or 12?
Ok I think I will sell CND the day before ticker change. It's my last pre merger and I have zero pre DA SPACs. I'll pick it up either slightly higher or wait for the drop after ticker change. Considering getting out of RKLB if it cracks 13 again. I love it but it feels like dead money since the market DGAF about successful launches anymore. Maybe hold until the next Neutron update. Post DA tickers I will watch for mergers SBEA IVAN CND DCRN
Yea, but if it is close to merger, wouldn't ARBs be holding it up and it slowly go up to NAV? PPGH is in a similar position (thought their merger would be after DCRN) and it's holding up a handful of cents better.
Just one of those days, everything is falling. DCRN seems like a great company.
Interesting article: 15 automakers (not TSLA) are urging Buttigieg to prioritize DC fast charging units. Should be bullish for DCRN but you know it is a SPAC. One section that makes me think jt is very bullish for DCRN. “It's important to note that the letter specifically calls out 150 kW DC fast chargers to be the minimum acceptable charging power for installations along the nation’s highway corridors. The automakers point out that 50 kW DC fast chargers were fine a few years ago because that's all the EVs could accept, but today and to future-proof, 150 kW and 350 KW units are necessary.” https://insideevs.com/news/554581/automakers-letter-buttigieg-charging-infrastructure/
DCRN by choice. PRPB by hostage situation.
And where would that leave us DCRN holders, lol? This is r/SPACs after all. Go DCRN!!! 🚀🚀🚀🚀🚀🚀