Khosla taking Nextdoor Public in $4 3B Deal and CF Acquisition Announced Satellogic $850M Deal 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.
The improving narrative is supported by stable, positive market dynamics. Don t be surprised to see retail and others getting back into SPACs if the market continues this way.
June will be a busy month of SPAC deal votes and, likely, little other activity. But, could the narrative change if de-SPAC performance outperforms expectations?
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.
Best SPAC Stocks for Monday
Watch for more short seller activity on SPAC stocks and lots of opportunities to buy below NAV. Will CLOV surge on short squeeze?
Author:
Apr 19, 2021
Last week was another relatively quiet week in the SPAC market with no new IPOs that s the first time in quite a while with no new supply. There were also only 3 new SPAC S-1s filed, for $350m, in another positive sign for the health of the SPAC market. Don t expect a major change in activity this week as the headwinds from the SEC and general oversupply remain in effect. But, remember, this slowdown is good news and shows the market is getting healthier.