Chamath Defends His SPAC Record Following CLOV Short Squeeze
SPACs were down on Monday in a quiet news day. With the CLOV short squeeze going, Chamath is back to promoting his SPACs and FinTwit is less than welcoming.
Author:
Apr 20, 2021
It was a quiet news day for SPACs on Monday with the CompoSecure / DBDR deal a disappointing +0.2% up on the announcement. The mania of Merger Mondays is gone and only good deals will get rewarded. Investors may not have liked CompoSecure s aggressive growth forecasts or they may be a little scared off from crypto with Bitcoin s (modest) crash back down to the mid $50k range. Regardless, they didn t bite.
FinancialBuzz.com’s latest
The Buzz Show: Featuring Our Corporate News Recap on “ Revolution Acceleration RIses Amid SPAC deal for robotics firm Berkshire Grey”
Revolution Acceleration Acquisition Corp (NYSE: RAAC) gained over 17% in premarket trading after Berkshire Grey entered into a definitive agreement with the Company.
The agreement will now create a leading publicly listed robotics and automation solutions company with a post-transaction equity value of up to $2.7 billion.
First, the impact of government policies on our economic and environmental systems will continue to grow and public policy will increasingly affect the behavior and growth prospects of businesses and the overall ability of investors to generate returns.