Biggest SPAC Discounts for Tuesday & Two Morning SPAC Deals (ROT and MUDS) thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Best SPAC Opportunities for Monday
With the SPAC market slowing down and starting to clear out, some investors are looking for upside with announced deals. In addition, investors continue to look in the bargain bin for yield as well.
Author:
Apr 5, 2021
Last week we saw the SPAC IPO market close for business with only 2 SPACs pricing. This is good news as the market needs to clear out so that investors can get excited again about good SPACs and good deals. Given that there has been no IPO pop and very little deal announcement pop lately though CMII and AJAX had a some SPAC investors are starting to look at a combination of strong sponsor/teams with SPACs that already have announced deals.
SPAC Weekly Wrap: Stock Issuance Grinds to a Halt. Time for Deals
In a dramatic reversal of the last few months, the SPAC IPO market essentially closed this week as only 2 IPOs priced and just a handful of new S-1s.
Author:
Apr 2, 2021
The week ends on a quiet note as the stock market was closed for Good Friday. Looking back, this week might be remembered as the moment when the SPAC market exuberance finally caught up to itself, and the market really cooled off. All this week we ve been noting how issuance has slowed and SPACs are routinely trading weaker.
SPAC Opportunities for Thursday
The flow of new SPACs and rapid fire deals has finally slowed. This will give SPAC investors an opportunity to invest strategically as we go forward in 2021.
Author:
Union Acquisition Corp II (LATN) agreeing to a $1.1B EV deal with
Procaps, a LatAm Pharmaceuticals company gives continued relief to overwhelmed SPAC investors. Everyone in the SPAC market had simply become exhausted by the pace of new filings, new IPOs, and often irrational prices.
With the market slowing, investors will have an opportunity to take a breath and do their homework to (a) identify high conviction SPACs and (b) carefully monitor them across the lifecycle to take advantage of the inherent yield plus optionality play that SPACs offer.
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Left to right: Reid Hoffman, Joanna Coles, Kevin Mayer. Getty Images
A growing number of SPACs are focusing on acquiring media companies and taking them public.
Media vets like Charlie Ergen, Joanna Coles, and Greg Coleman are spearheading SPACs.
Insider identified 12 media SPACs worth watching in media, telecommunications, and entertainment.
A growing number of execs and investors are looking to cash in on media through special-purpose acquisition companies.
SPACs are blank-check companies set up to acquire and take companies public, often with less scrutiny, cost and time than a traditional initial public offering. SPACs have been viewed critically by some as riskier for investors, but they have boomed over the past year.