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Consider this out-of-the-world business
Scott Levine (Momentus): Interest in GameStop and Dogecoin may be sky-high, but Momentus is a company that s actually reaching for the stars. Branding itself as a first mover in offering in-space transportation and infrastructure services, Momentus is a key player in the burgeoning space economy.
Besides partnering with SpaceX in 2020 to bring satellites into orbit, Momentus is working with Lockheed Martin with regards to NASA s Artemis program, which aims to return humans to the Moon by 2024. Last October, Lockheed Martin announced that it had received $89.7 million from NASA for testing cryogenic fluid management technologies, and it will enlist the help of Momentus and its Vigoride platform to assist in the management of the cryogenic fluid. Looking further into the future, Momentus recognizes the opportunity for its space infrastructure services to be used in support of companies conducting asteroid- and moo
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.
When It Comes to Space Company IPOs, You Must SPAC It fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Seyfarth Synopsis:
Special Purpose Acquisition Company (“SPAC”) transactions have dramatically increased since the start of 2020, bringing with them risk of securities litigation.
2020 has been characterized as the “Year of the SPAC,” and there is no doubt that SPAC transactions are on the rise.[1] One industry tracker reports that in 2020 there were 248 SPAC initial public offerings (“IPOs”) raising over $83 billion (as compared to 59 SPAC IPOs raising approximately $13.6 billion in 2019).[2] This trend is expected to continue in 2021 with 189 SPAC IPO transactions this year at the time of writing.[3]
We expect this rise in SPAC transactions to be accompanied by the continued filing of securities suits in the coming months and years.[4] Much of the litigation will be no different than typical disclosure-related suits that might follow any public company disclosure, but certain unique aspects of the SPAC structure could create additional litigation risks.