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Chamath Defends His SPAC Record Following CLOV Short Squeeze


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. ....

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Atlantic Coastal Acquisition Corp., a Special Purpose Acquisition Company, Announces Closing of $300,000,000 Initial Public Offering and Listing On NASDAQ


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NEW YORK, March 8, 2021 /PRNewswire/ Atlantic Coastal Acquisition Corp. ( ACAH ) today announced the closing of its initial public offering of 30,000,000 units at $10.00 per unit. The units are listed on the Nasdaq Stock Market and trade under the ticker symbol ACAHU .
Each unit consists of one share of Class A common stock of the Company and one-third of one warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NASDAQ Capital Market under the symbols ACAH and ACAHW, respectively. ....

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