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Richard Branson has reportedly hired bankers to take Virgin Orbit public via SPAC, The Wall Street Journal reported. The billionaire is said to be aiming for ....
Investors are viewing the recent slump and volatility in SPAC names differently, and some of them have placed massive shorts on high-profile SPACs. ....
For some SPAC investors, it s a welcome change. Julian Klymochko, who runs the active SPAC-focused Accelerate Arbitrage Fund (ARB), said he was very happy to see the correction. The Canadian investor employs what he calls a simple but not easy SPAC arbitrage strategy, which distills down to buying a SPAC at or below its net asset value (or trust value) and capitalizing on the option of redeeming shares in two years or less. The strategy fared well amid the SPAC boom last year and was up about 30%, Klymochko told Insider. This year, despite a record 228 SPACs having raised $73.2 billion as of March 8, Klymochko was left starving for opportunities. ....
Matthew Tuttle is the chief executive and chief investment officer of Tuttle Tactical Management. This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Matthew Tuttle is the chief executive and chief investment officer of Tuttle Tactical Management. He manages the $147.2 million SPAC and New Issue ETF, which has returned 12.94% this year. Tuttle shares his three-part SPAC picking strategy and three of his favorite blank-check companies. Just like the newly filed Do It Again Corp., SPACs are doing it again breaking the record month after month. According to Goldman Sachs, 90 Special Purpose Acquisition Companies raised $32 billion in IPO capital in February, the largest issuance month on record. Year-to-date, 204 blank-check companies have raised $65.4 billion compared to the $83.4 billion raised by the 248 SPACs last year, according to ....