Gores Guggenheim Inc
$0.06 (0.52%) Today
52 Week High
52 Week Low
7 Days Mentions
GGPI SPAC'N the right way up. Is it many investors in GGPI? I am look forward the comming Polestar No 1 EV stock at Nasdaq. This is a running business with high EV sales in Norway and Europe. Polestar is fast growing in Usa. The best car to drive. WSB Agree?
GGPI looks oversold 🟢 The MACD is about to cross the signal while both RSI5/20 and Stoch are trending up with the 💸 🔥Selling volume is dying down and buying volume is picking up as shown in the last graph. 🚀With the gap from last week closed🤘16-18$ is the price range if momentum picks up. Thoughts ?
In general, SPACs raise $10 cash per share plus an option at >$10 strike in their IPO. Thy have no business aside from holding cash and looking for a company to merge with so their disclosures are simple. Then they find a private company to merge with. They announce a deal to merge. The private company gets a bunch of cash to operate with and they can merge into a public stock, and disclosures for SPAC mergers are less restrictive than for IPOs so they can market the merger with forecasted earnings rather than only their (likely negative) current earnings. Alongside the SPAC will come a public investment in private equity generally at the same SPAC price (though not always) which may be as big or even bigger than the SPAC itself; and SPAC investors will have a redemption right at $10 if they don't like the merger. Generally if the share price is trading above $10, it means the market likes the merger and won't redeem the shares while if it's below $10, investors dislike the deal and want to redeem their shares for cash. Now, in the period between the merger being announced without a price and a firm deal price, the SPAC shares are in an awkward place where they are a bet that the SPAC manager will be able to invest in the company cheaper than it is worth (against the private company). Once a firm valuation is reached, it becomes a bet that the private company is worth more than valued in the deal and that the deal will complete successfully. GGPI shares will not become Polestar-as-it-currently-exists shares. They will become shares in a merged company (Polestar+GGPI). GGPI is just a pile of cash, so in terms of actual business activity, yes, it would just be Polestar, and the ticker will change to look like Polestar, and the ratio will not change.
So basically I'm quite new to the whole stock market. I've got a general idea of how it all works, but I'm not a pro. About a year ago I was thinking to invest in Polestar, but there was no stock or so I thought. Last week I came across the SPAC(GGPI) Polestar is said to merge with and I am thinking about investing in GGPI, but I am not sure I understand SPAC's well enough to confidently do that. So I've got some questions and I hope one of you will be able to answer them. If I buy the stock(GGPI) will I get the new stock(the polestar one) as a 1:1 ratio or do i have a guarantee i can buy the stock for a certain price? I really don't understand it and the more I read about the more confused I get. How can I know what the stock will do after the merger, so basically what can I look at to make a prediction? I hope one of you can answer my questions
Was true in 2020, not so much in 2022. I remember dumping $400k in AVPT around $10.40 the Tuesday before thanksgiving (was about 80% of my account, felt comfortable since the risk was so low), sold in the post market the same day for $150k. Nowadays the upside is pretty limited except for some very isolated cases (DWAC, GGPI, DCRC, might be missing a few). Most of these things don’t really move before merger so it’s hard to make much money without assuming any risk. After merger things have mostly been a shit show. Can be some good opportunities from time to time (including with CC plays and stuff). People that are making now are usually playing warrants (which have gotten killed recently), are playing squeezes or something in which you don’t have NAV protection anymore, or are bottom feeding on stuff like KPLT, UPH, ATIP, etc (which is usually risky and only occasionally works in the short term so far).
It's been a while since we've had a major DA announcement to lift the spirits, once they start to occur, sentiment will flip back to positive in a hurry. It can happen. Does anyone remember SPACs before the HUGE spac run? They were like they are now. We can't expect all great DAs all the time. they will come back because that's how the market works. Things rise and become the major trend, then they get overdone, then they correct, then when it seems like hope is lost and capitulation has taken hold, you see a flicker of hope.. and then it explodes as puts and shorts positions are forced out. A LCID and GGPI level deal followed by a couple SOFIs and CFVI's could make this sub a very lively place. We had the holidays from Thanksgiving to Christmas with some down time from agreements and also the market was at all time highs. with this little breather in the technicals of the entire market, it could set up a fantastic run for spacs that will now be announcing with: FAIR valuations in comparisons to more normally priced peers.. AND.. GREAT prices for the warrants and commons before those DA's.. There is a lot of room to run from these prices for anyone buying now or holding at these levels. It only takes a spark when prices are at lows..... This market runs in cycles and for those that hold Pre-DA, high quality, warrants, there could be the most extreme upside of all the bounces that could occur. Big companies like a LCID will still have major incentive to get the large influx of cash from a SPAC because they don't have to worry about redemptions. Quality spacs with lockups and good terms will have incentive to make their targets have success. The next run is when you least expect it, as always! Otherwise it wouldn't be a run because it would already be priced in. Good luck to all. Another bright run is just around the corner : )
Their electric F150's gonna be lit though. People gonna gobble that shit up. I'm not in F because it costs too much now. I got GGPI (Polestar) in my main account and HMC in my retirement account. If I woke up one Sunday afternoon and discovered F in my account I might not kick it out though.
For nav(ish) commons with some upside potential I have CND, SNII, SBEA, and BRPM in that weighted order. On my list for potential but less conviction are FPAC and FTCV. Would buy near nav GGPI, CFVI, ESSC Anything else I should be aware of/watching?
I need some news on GGPI before I cut this boring shit from my port so I don't have to look at it. I never fuck with spacs and this one I got into and basis is now within intrinsic value from selling theta but ffs I thought the EV hype and despac being on the horizon would have this bitch closer to 15 again.
Seatw and ampsw have been pretty good based to me based on the same theory I'm using for $PNTMW There are NEVER NEVER guarantees, but trading with strict parameters of what a pre-da spac must have before investing greatly increases your likelihood of profit. The factors around PNTM have made me add more.. i want to add more GGPI and CFVI too but I'm holding to see if I can get one of the classic major warrant runs with pntm If it doesn't, oh well. I know there are some spacs out there that will soon do it in Q1 and I wish you all luck to get it them!!
RIVN and LCID are not equivalent and should not be compared. LCID is farther down the production chain than RIVN is. Are both of these companies overvalued? Yes, just like TSLA and any other EV maker except FSR and GGPI. I hold positions in LCID, and I am selling puts. I guess we will see who is right. I think LCID will stick between 35-55 the whole year.
Why I think CRHC has very high chance of going into returning money back in which case warrant holders would get shafted. The very high flying SPACS single SPACS vs serial SPACS (Churchill, Gores, IPO etc) which were launched with fan fare will likely return capital as the sponsors don’t have follow on SPACS to worry about at the same time want to redeem the image/reputation. Honestly if you wanna play SPACS anymore but commons and that too after DA the market is taking time to give even a good deal chance (GGPI) so I don’t think you are gonna miss out out on early action. Even quality companies now will rethink brand hits because of SPAC association.
Congress approved the infrastructure bill already, built back better not approved and it’s just small additions to that but will not effect much, As far as chargers infrastructure that approved for 500,000 chargers stations the government don’t want that this power will come from grid and looking for clean energy chargers, Solar, hydrogen…Etc best stock that I can think of is BEEM https://www.eenews.net/articles/as-biden-expands-ev-charging-worries-about-the-grid-grow/ Regarding commercial vehicles definitely LEV is undervalue with their 2 new factories, (The biggest commercial EV factories in North America) and ARVL will sky rocket when they will start production, they have billions in orders as well from UPS and UBER GGPI is also safe play and has minimum downside and will pop when precept SUV will unveil and when they release 2021 sales numbers which expected to be more than 30,000 vehicle I’ll stay away from LUCID and look for buy in moment by end of the month, 1.2B shares lockup expire on January 19 and you don’t know if or how many they will dump
Buy oversold stocks that going to crash Q4 earnings, there is some stocks that trading at 52W low, has more revenue than their market cap and monster growth, this is buying opportunity week before earning rally, small caps mostly if you looking for high gains OPEN going to report 4B earning, FTCH had their best Q4 shopping season ever, JMIA can double on Q4 if you like adventures, AFRM will show on Q4 how many new subscribers they add from their new system integration with Amazon, Walmart and Target that has 3 Billions shoppers, GGPI has only 10% downside risk with high upside when they discover the new precept SUV soon and report their 2021 EV sales numbers, there is a lot going on with sport betting recently and GENI the number 1 sport Data is 80% down, 95% of the betting industries using their NFL data…VRAR stock is the most undervalue Metavers stock to buy into 2022…ARVL 80% down and can jump to 10 baggers very fast after they start production soon, 3M UBER EV potential, UPS and billions in orders on the book…market will be under pressure in the next week and it’s great buying opportunity on oversold stocks already that going to do Fast high reversal
How does dilution work during the merger process? I've been following GGPI / Polestar, and my understanding is that there are 80M outstanding shares which make up 4% of the valuation. At a nominal value of $10/share, that's 80M x $10 / 4% = $20B. But then as part of the merger, there may be more than 80M shares available for public trading? Is there a way to determine the exact amount and impact of that? [Here's a slide from the investor deck which may be relevant.](https://i.imgur.com/sN0S4sd.png)
I just check the spac hero calendar and buy puts on whatever merger dates are coming up. I avoid high flyers like GGPI, but anything around 10 is good. TREB is coming up, but puts are already pretty expensive. I bought the feb 10p for 1.7.
GGPI (Polestar) is supposed to merge in the first half of 2022. It's chart is dying for big moves. Gonna start taking a position both ways. The SEC ramped up being a dick so things will take longer but it can happen in a flash. Not sure what dates to buy but def looking into it today.
For what Its worth I knew this was a real P&D discord type set up to cash in on quick options after the first day. It was super obvious that's what it was about. Not saying the original DD here wasn't legit but the play was clearly hijacked and pumped by these clowns. Also fill like this is the same group that was behind the GGPI pump as well.
For energy, I love Brookfield Asset Management (BAM), NextEra Energy (NEE), NRG Energy (NRG), and Enphase Energy (ENPH) An alternative to NIO I’m taking a gamble with is GGPI, a special purpose acquisition company merging with Polestar (EV brand from Volvo). NIO is definitely interesting though, lots of growth. Long term can’t go wrong with are Apple, Microsoft, Berkshire Hathaway, JPMorgan Chase, UnitedHealth, Visa, CVS, Walmart.