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Warren Buffett Piles on SPACs and CF Finance Lowers Deal Valuation


Warren Buffett Piles on SPACs and CF Finance Lowers Deal Valuation
It was a bad day for SPACs as Warren Buffett piled on SPACs; CF Finance lowered their deal valuation with AEye; and today s MAAC deal had no pop.
Author:
May 3, 2021

Stocks were mixed on Monday, the S&P500 was up / NASDAQ down, though this morning s SPAC M&A deal (MAAC) once again underperformed. MAAC closed up just 0.9% and below NAV at $9.95 marking yet another disappointing day-1 pop for newly announced SPAC M&A. 
Warren Buffett and Charlie Munger held Berkshire Hathaway s much watched virtual annual meeting over the weekend, and one of the talks of the town today (aside from naming his CEO successor) was his view on killer SPACs:  ....

Warren Buffett , Charlie Munger , Aeye Inc , Hera Acquisition Corp Pre , Mudrick Capital Acquisition Corporation , Churchill Capital Corp , Cf Finance Acquisition Corp , Sciences Acquisition Corp Iv Pre , Cm Life Sciences Ii Inc , Fintech Acquisition Corp , Roivant Sciences , Vesper Healthcare Acquisition Corp , Berkshire Hathaway , Innoviz Technologies Ltd , Growth Corp , Churchill Capital Corp Vi Pre , Ouster Inc , Luminar Technologies Inc , Graf Industrial Corp , Deerfield Healthcare Technology Acquisitions Corp , Capital Hedosophia Holdings Corp , Ts Innovation Acquisitions Corp , Roivant Sciences Public , Acquisition Corp , Arclight Clean Transition Corp , Interprivate Acquisition Corp ,

Wednesday SPAC Wrap: M&A Falls Flat


Apr 28, 2021

Hope for positive deal flow and pops fizzled a bit today as both new SPAC deal announcements received disappointing reactions from the market. 
Marquee Raine Acquisition Corp (MRAC) fell -0.3% to $9.89 and
Galileo Acquisition Corp (GLEO) fell -0.5% to $10.02. This continues yesterday s theme of underwhelming deal announcement enthusiasm. 
It could still be the case of a back and forth broader stock market, fed speak, and investor attention focused on a deluge of corporate earnings. However, if I m a SPAC waiting to announce a deal based on market conditions then today s results don t instill confidence to move ahead. 
Here s a look at how other recently announced SPAC deals ended the day: ....

Wall Acquisition Corp , Galileo Acquisition Corp , Mudrick Capital Acquisition Corporation , Blue Water Acquisition Corporation , Peridot Acquisition Corp , Marquee Raine Acquisition Corp , Health Sciences Acquisitions Corporation , Cm Life Sciences Ii Inc , Fintech Acquisition Corp , Sports Entertainment Acquisition Corp , Vesper Healthcare Acquisition Corp , Roth Ch Acquisition Ii Co , Natural Order Acquisition Corp Pre , Acquisition Corp , Interprivate Ii Acquisition Corp , Arclight Clean Transition Corp , Holdings Corp , Tuscan Holdings Corp , Impact Acquisition Holdings Iii Inc , Trident Acquisitions Corp , Rice Acquisition Corp , Big Rock Partners Acquisition Corp , Mtech Acquisition Corp , Boardroom Alpha , Water Acquisition , Entertainment Acquisition ,

INVESTIGATION ALERT: Halper Sadeh LLP Investigates MCAD, CAHC, ROT, MUDS, LATN; Shareholders are Encouraged to Contact the Firm