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Getting hungry...can't wait for HUGS to take Panera public already
Getting hungry, can't wait for HUGS to bring Panera public already
HUGS will transfer into Panera Brands IPO good for a trade on IPO pop or long chime in with addition DD if any thanks
Panera Bread coming back via SPAC $HUGS I am linking the article below. This SPAC also has Carribou Coffe and Einstein Bagel Co in their portfolio holders get a dollar for dollar in shares of Panera when it converts
Panera Bread to partner with Danny Meyer's SPAC ($HUGS) once it has completed its planned IPO
$HUGS - Panera Bread Set to Return to Public Market: Restaurant’s traditional IPO will include investments from both Shake Shack founder Danny Meyer and his SPAC
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[STUGS BEFORE HUGS BRUH!](https://th.bing.com/th/id/R.033803a363ebd416fb7986f39911a233?rik=sMwgVdNd0AgYBg&riu=http%3a%2f%2fi.imgur.com%2foQY2nf9.png&ehk=bB569Vrzz6n8SIQx%2fdmFjqaVqoFltmup1Q%2b7thCb4xg%3d&risl=&pid=ImgRaw&r=0)
Hey all what’s up! Took a couple of weeks off as work super busy. Hope all have been doing well here. Have been keeping up with general market and checking in on portfolio a bit. Only move I made the last few weeks was grabbing cheap HUGS warrants as I think Danny Meyer has a trick or two up his sleeve, selling a couple of covered calls against my RUM, and I picked up a few WW shares as it’s super cyclical and they’re apparently releasing a new program Monday. I WISH I had more money bc AMZN at 85 was the perfect price. Now it looks like it’s running away. What’s been the general sentiment with this sub? Most of us think bottom is in here even tho the economy seems to be just getting worse? We think this is a relief rally here? Market looking forward? Again hope all are well and miss reading the convos.
I had a couple of thousand allocated into HUGS for Panera and when the deal fell through I never sold. Will more than likely reallocate to IPOF and see what happens. Not ready to invest it in real stocks yet as I don’t really believe this rally continues without another dip at least. I like your use of citations. Nice work put in.
Wall St Journal reported that the Panera Bread SPAC (HUGS) spear headed by Danny Meyers is a dead deal. Now that the deal is dead, is HUGS obligated to compensate all shareholders $10 per share plus interest?
At least I'm in VYGG and UTAA below NAV so I won't lose money if they liquidate. I had hopes for HUGS also.
My broker doesn't allow it but I think shorting the warrants is the play for many of these SPACs w/ DAs, i.e. CND and BRPM. Look at [HUGS.WS](https://HUGS.WS) down 60% today.
Man, I had hopes that HUGS would do something. What a shame. Just need IPOD/IPOF/UTAA/VYGG to either do something or give up and liquidate. SPACs are toast.
Oh definitely. They just extended the outside date for merger but the $300m PIPE has been terminated so it may happen but without the PIPE. Either way, with warrants at $0.28, the risk vs reward is not really there as opposed to shorting HUGS at $1 or CND currently at $1
Oh definitely. They just extended the outside date for merger but the $300m PIPE has been terminated so it may happen but without the PIPE. Either way, with warrants at $0.28, the risk vs reward is not really there as opposed to shorting HUGS at $1 or CND currently at $1
$HUGS USHG Acquisition Corp. And Panera Brands Will Not Extend Partnership Through Which Hugs Would Have Participated Alongside The Panera Brands' Initial Public Offering.
UTAA NAV is 10.20 if you want to park it like cash. Maybe HUGS if the Panera IPO happens and the deal goes through. It's at 9.82 so you'd get some change back if you end up redeeming. If the Panera deal goes through it could be decent.
I vote cut bait. I still visit here daily (community more at this point than expecting breaking DAs lol), but it's a wasteland of opportunity when the main play has become buying the shittiest deSPAC to gamble on float shenanigans. Not that his failure means all that much, but even Ackman is about to take an L from SPAC world. The guy that responded to you about arb chances, that has been his play through this all, but I don't really even see the appeal of that. Can just flip some near no risk far OTM CSPs on name brand stocks to achieve same result in like 80% less time. I'm still keeping my eye out on HUGS to see if that Panera IPO ever progresses, and keeping my eye out on an amazing target appearing elsewhere, but I see no real need to park money. Quick flips still present themselves (GGPI merger or some CSPs on deSPACs, etc), but the pops and strategies of the golden days are long gone.
Got'cha, my bad then. Seemed like your reply was tailor made for Mouse's question lol. Appreciate the morsels of info you provided, more than I was aware of. I just knew the radio silence was still present on HUGS' and Panera's end since DA, but didn't dig into the old filings to know about those dates. My recent buys were simply related to seeing it under NAV + usually having a decent daily spread ($9.85-$9.95) to flip.
Replied to your post because you said you had a HUGS order in, wondered if you had heard some news I might have missed. The Termination Date of the Agreement is June 30, 2022, a bit over 5 weeks away. "[The Investment Agreement](https://www.sec.gov/Archives/edgar/data/1836894/000119312521323804/d223129d8k.htm) may be terminated under certain customary and limited circumstances prior to the Closing, including, but not limited to, ... (iv) subject to certain limited exceptions, by either HUGS or Panera if the Merger is not consummated by June 30, 2022,"
The HUGS announcement was November 9, 2021. Have you seen any updates on the Panera IPO since? Haven't seen any filing for the IPO since that time, either by USHG Acquisition Corp or Panera Brands. That's six full months of silence. [https://www.sec.gov/edgar/browse/?CIK=0001869083](https://www.sec.gov/edgar/browse/?CIK=0001869083) Looks like HUGS hoped to have the deal completed by May 5: "[Piper Sandler & Co. is acting](https://www.sec.gov/Archives/edgar/data/1836894/000119312522151665/d325151d10q.htm) as the Company’s independent financial advisor as defined under Financial Industry Regulatory Authority Rule 5110(j)(9), to provide independent financial consulting services, consisting of a review of deal structure and terms and related structuring advice in connection with the proposed Merger with Panera. **The Company will pay Piper Sandler & Co. a financial advisory fee of $3,000,000 if the Company consummates their Merger with Panera by May 5, 2022** or one year following the termination of the agreement with Piper Sandler & Co. "
Last I searched the web about HUGS or Panera, absolutely no news since the Nov (or whatever month it was) DA. Would have expected Panera to have status updates about IPO, but found jack shit.
Had a HUGS order partially fill pre-market, and since market open I've seen stock drop below my limit or match it... But not finish filling. WTF
Not sure if you know, but they are going public again this year. Being combined with Einstein Bagels and Caribou Coffee as "Panera Brands". Interesting play they are being invested by HUGS which is a SPAC pre IPO which you can purchase now. The SPAC is closing AFTER the IPO and shares will be priced as a % of panera IPO price. Rare chance to buy a big company at the true IPO price.
I'm not sure if your post was partially in jest however the only way that could be a reality is perhaps if they do what HUGS is doing with Panera and using the trust to buy IPO shares. I can see that as a possibility over an outright merge with TWTR.
HUGS owners are we hoping Panera doesn't IPO yet in this hot diarrhea ass of a market? In an sideways to bull market a Panera IPO should fly but I'd be damn worried about it's prospects in the current state of the market (cue CNBC scary music and graphics that say MARKETS in TURMOIL)
You mean from the angle of like PSTH, where SEC strikes down the structure? Because I could kind of see it being perfectly fine, simply because all the SPAC money is going towards an IPO purchase, which has the whole IPO vetting process behind it. Assuming I re-enter at some point (just done flips previously), I'd say I'm more worried about that fact that the only Panera or HUGS related news to be found on the internet is still from DA day. Would have thought there's at least some IPO process updates and such.
I love Panera and there's no risk to HUGS under NAV, but the Biden Administration clearly wants to kill off SPACs so I see a great deal of risk to that merger just due to its unique structure.
HUGS at $9.85 is tempting, but I don't want to be forever holding a stock with 60% margin req + options currently only go out to October.
All the SPACs with a target, with exception of Trump SPACs and low floats, trade 0.00x0.05. CRHC, IMPX, HUGS, FPAC, XPOA, BLTS, CND, etc. it's a lottery ticket for sure, probably 100% loss unless they DA with OnlyFans, which I'm not sure why anyone would think that. I think you are better off just buying commons or ITM calls if you can get a fill close to intrinsic value. Good luck.
Has there been news/updates related to HUGS and Panera potential IPO date?
I held HUGS for a while and it was a massive disappointment. Hope it works out for you though. 👌
Oh I’m not smart at all! Still have iPof and UTAA and a million other things I’m underwater on. I just need to start transitioning to some normalcy bc I can’t take losing anymore. With HUGS I’m still “in spacs” but it feels a lot safer ASSUMING it doesn’t fall through
I’m getting too old and tired to be chasing IPOF and UTAA and THCA and all the fun stuff. Just started loading HUGS at these levels assuming Danny Meyer gonna make it actually happen. Not a huge fan of Paneras food but every time I go into one there are old people and teens packed in there and to me that’s a rare thing to see. Huge appeal. Wish I had bought the warrants but I’ll be happy if this actually goes through either way
HUGS (the SPAC that Danny Meyers is using to bring Panera Bread public) has warrants (HUGS-WT) that have gone up three sessions in a row while the spac share price stays stagnant. HUG-WT at $1.34 per warrant is up from .90 a few days ago.
HUGS.WT: HUGS warrants up again...three sessions in a row while HUGS share price stays stagnant. What's up with this?
Buy SNAX --> make $30 ---> spend profits on Panera lunch ---> buy HUGS --> increased revenue from lunch pushes HUGS higher ---> 🤑
Union Square Hospitality Group’s spac is HUGS
Isn't this $USHG taking them public and not $HUGS?
Will 1 share of HUGS convert to 1 share of Panera after the merger? And when's the merger?
Happening again: HUGS warrants up 12% today and the SPAC share price is down .20%. What's up with that?
New option listings for March 29th include USHG Acquisition Corp (Class A Stock) (HUGS)
Any updates on HUGS? i'm getting hungry.
There been any updates on HUGS? $9.97 is tempting me to enter after usually seeing it stuck in $10.20s.
Should have added a ton of NIO under 20 and just sold CCs on it. That part has been going good. Sold SoFi CSPs and NIO CCs today. Lets make that 300 to lose a grand on a cancelled deal. FML. Decided to start liquidating some of my pre DA warrant holds and really torn about it. I think I will exit PPGHW / ACTDW / HUGS+ and APSG+. Also trying to exit KPLTW after seeing what happened to AFRM.
>*Can someone explain how the value of a HUGS warrant is determined at the point of IPO.* No. Nor can I explain the value of HUGS equity right now either. Which is precisely why I dont own HUGS even though I think Panera is one of the best SPAC targets of the last few years.
Still confused. Can someone explain how the value of a HUGS warrant is determined at the point of IPO. How does the warrant work? If you owned say 1000 warrants, how would they translate into Panera shares, or would they? Thanks for your help.
QQQ my fren. HUGS!
I swapped my HUGS for SKIN and will buy more at some point. Waiting to see if the green sticks or we move back down.
Probably. Maybe. The problem with HUGS & the reason I didnt buy it even though I love Panera as a target is it's a black box in terms of valuation.
Unless the deal gets blocked maybe? I just let go of half my HUGS commons and will reassess when they announce it is moving forward.
So glad I invested in the HUGS SPAC that wants to bring Panera Bread public. Drove past my local Panera store 3 times yesterday; at 10A, 1:30P and 4P...parking lot was packed at all three times. Made me glad.
I was holding HUGS commons with margin but the interest burn was too much and sold. I think by the time they announce paneras ipo price the market will be in a better place but hard to wait for it. As for warrants I don’t even know how they would handle that conversion so I was sticking to commons. Will be back in it at some point
I am holding HUGS APSG ACTD PPGH KPLT CLBT BWAC AMPS and SPAQ warrants right now. Down a lot on these and anyone who did not pick these in the last 2 days will be down a lot anyhow. Some of these should do well.
Would love HUGS warrants but risk of cancellation and we go straight under $0.50 most likely in this environment, too risky
Redbox is up ~7%. I wonder if they’re taking business from Netflix. My winner today is HUGS at +.43%. I’ll take it.
What are your thoughts on HUGS? It has held up relatively well since DA, although I’ve read some people here have concerns that the deal will be approved which may be the risk factor here.
Anything juicy out there? Thinking PNTM or something despac beat up not called SOFI, ASTS, RKLB or SLDP since I have a buttload of those. Still eyeing HUGS as well.
Was surprised to see HUGS moving on Friday. I haven't loaded up yet.
HUGS warrants are at 1.50! what a steel (balls)
414.97%. Got into the SPAC game late towards the end of April 2021. When all the SPACs were being hated on and pre-DA warrants went sub $1, I thought it was the perfect opportunity to get in and I haven't looked back. Most of my gains have come from flipping pre-DA warrants rather than DA pops. The strategy is also pretty easy to follow. I look at the median price of warrants according to the warrant split ratio (1/2, 1/3, 1/4, 1/5), the recent 1 month chart and quality of the team. I hit buy when the warrants are trading well below the median, and then sell if it bounces 5-15%, otherwise I just hold. Once I exit a position, I just reinvest in the next cheap one according to the average and chart. With so many SPACs outstanding, there's always a number of warrants trading below the median. At the end of the day I'm always 100% invested. So the chance of scoring a DA pop the next day is always the same and maximized. Looking at the current pre-DA market, I don't think there has been a better time for this strategy. The warrants have been beaten down all across the board and realistically the downside appears very low. Liquidations might happen, but they'll happen towards the end of 2022. And it's the shitty teams that are going to be liquidated if it really happens. So buying decent teams is a safe strategy. I do believe the fear of liquidations has been hyped up. I think the SPACs will just bring shittier deals to the table rather than liquidations happening. Inc. puts out a list of 5000 fastest growing private companies every year and any of these could easily be a target for SPACs and then they can always look overseas. And if the HUGS-Panera deal is approved, we'll see a lot of similar deals as well. So I do believe the liquidations will be very limited. Even if they bring shittier deals to the table, the downside is low with these cheap entries you can get in the pre-DA warrants. I do believe most of the drawdown we saw in pre-DA warrants towards the end of the year was due to tax loss harvesting and expect a good rebound in Q1 2022 considering the upside they present. I expect pre-DA warrants to rise across the board.
Look for HUGS next year and DWAC
What is HUGS doing? That's a big move for that ticker heh. I still need to get more...
I have a call option in PLBY. Should probably add one soon since the price has come down a lot from where I bought it. HUGS could be good but I honestly see way better risk reward plays out there. SBEA would be good to add to closer to merger if market conditions are favorable. CND is one I have yet to look into. Any good references to read up on it? RKLB is a good one. Ah yes of course I left out LUCID but that’s just common sense to have exposure to for the future.
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.
I really think HUGS (Panera Brands) is going to be successful but we may be a ways off ticker change
The ones he listed are HUGS, FPAC, PPGH, FTCV DCRN is a good imo
With DCRC despacing I'm down to CND and HUGS for post DA, pre merger SPACs and hold no pre DA SPACs. Long way from what my port looked like in Feb
I’m holding both SBEA and HUGS.
Was thinking of flipping SBEA to HUGS because Panera did well when it was public previously
Anyone else watching to see what happens with the HUGS deal? Really interested to see if that approach is approved by the SEC. Could some day see multiple SPACS investing in a large traditional IPO / direct listing.
DCRN, MCMJ, HUGS, BRPM, SBEA, and maybe PPGH all seem to have broken arb walls but still near 10
HUGS - Panera Bread. PNRA was traded back in the day and went private at $315/sh. ​ TGPS - Vacasa. Vacation Rental management company with great growth prospects. ​ Both super cheap.
>I would blindly pay $0.50 per share to get access to Goldman Sach's next underwritten IPO, without knowing the target. You might like HUGS. There's a risk it doesn't go through, but if it does, you're paying up about 4% for the Panera ipo. I think it makes sense. Warrants could be better. Good points.
$HUGS and $SNAX from Grandma, how perfect! 😹
😹 Grandma all-in on HUGS of course.
Why would you own any stock without having an idea of the valuation? PNRA was a fantastic stock when it was publicly traded, but I dont get buying HUGS without having any idea what the valuation's going to be.
i dunno why i’m still holding HUGS, can’t imagine we will see much action for a while
I'll have to research more as I don't have that info on HUGS merger... but if you don't mind some dead money while you accumulate, I just think this is almost a guarantee of it rising on name recognition alone, unless they come out with some insane valuation (valuation when it was last public was around 7.5 billion).
Debating DCRN while I wait for HUGS a little longer since DA just happened. Do they have a projected close date yet?
HUGS holding steady at 10.3X range. Panera was a good stock before they went private so I'm definitely eyeing it. No need to rush since DA just came.
Yes, unfortunately solid deals seem not exctiting enough for Spac-people. Probably it will behave like $HUGS but any chance to become a $SKIN?
It read to me as they are doing a traditional IPO, but HUGS is going to SPAC merge for a portion of the stock. But I eat paste.
PRPB and LFTR i have high hopes for and they’re under NAV HUGS i bought on a whim. if they somehow get a decent discount of the panera IPO i think it will gain but right now it’s near NAV and will stay around there til more details come out i imagine
I'm really curious to see if what HUGS does gets approval. If so then I'm sure a ton of ipo's will gladly take a spacs money and it will probably be easiest option to deploy all this capital. Could see the SEC possibly only approving though if the sponsors don't get paid or something like that. The lack of da's from quality sponsors this past 8 months is concerning to say the least.
Panera SPAC HUGS primed and ready
yeah but besides HUGS we’re any of them from prominent teams?
Unless you get a unique situation like HUGS.
i’m about to abandon HUGS and go into SOFI. Still no further details came out about it. Why the hell even announce a DA with that little info.
Anyone hear about panara 🍞 return to public market via HUGS
HUGS SPAC 🤗 Anticipation for Panera Bread 🥖
Sure would like just one measley little win. HUGS 11+? CRHC or PRPB DA? anything? .....please?
Imagine investing in KIND ROSS HUGS LMAO
According to my reading of the press release / press coverage, HUGS shares are valued at $10. If Panera’s IPO is set at at $10 per share, you get one Panera share for each HUGS share. If Panera goes public at $100 per share, you get one Panera share for 10 HUGS shares. Like all IPOs, an over/under price estimate will be released well before IPO. But the actual IPO price may change, based on demand. We should get the same risk/reward as the big dogs that buy shares pre-IOP. I picked up 100 HUGS this morning at $10.29. I’ll pick up more if it drops below $10.25. If it drops back to $10, I’ll load the boat. Beyond that, I’ll wait for pre-IPO publicity tour to clarify things. My main question is the timing of the merger — will NAV protections last through the IPO.
Who can explain this mumbo jumbo with an example? "Each issued and outstanding share of HUGS’s Class A and Class B common stock will be exchanged for a number of shares of Panera Brands’ common stock at an exchange ratio of $10.00 divided by the public offering price per share in the Panera Brands IPO."
I want to know what Panera gets by selling IPO shares to HUGS and presumably giving up sponsors shares and warrants? They wouldnt have any problem allocating all of their shares through the normal IPO process.
[This](https://www.sec.gov/Archives/edgar/data/1836894/000134100421000331/form425.htm) is a weird fucking spac merger. I'm wondering if the sec is going to reject this one like they did with Ackman's attempt to end-run the spac rules, since spacs are meant to take companies or products public, not to become wholly owned subsidiaries of other companies that are already public. >Each issued and outstanding share of HUGS’s Class A and Class B common stock will be exchanged for a number of shares of Panera Brands’ common stock at an exchange ratio of $10.00 divided by the public offering price per share in the Panera Brands IPO. >Each issued and outstanding warrant of HUGS will be assumed by Panera Brands and will become a warrant with respect to Panera Brands common stock, with the number of shares of Panera Brands common stock underlying each warrant adjusted based on the public offering price per share in the Panera Brands IPO in accordance with the terms of the Transaction. >HUGS will become a wholly owned subsidiary of Panera Brands and Panera Brands will succeed to all of the cash of HUGS, net of closing costs and HUGS shareholder redemptions (which redemptions will be offset, dollar-for-dollar, subject to completion of the Panera Brands IPO, by an investment in shares of Panera Brands common stock by JAB at the public offering price per share in the Panera Brands IPO, as described above).
I think they mean if it IPO’s at $30 they take $30/$10 = 3 so you’d need 3 shares of HUGS to get 1 share of Panera.. the way you explained it would be too good to be true, it sounds like free money that way