Remote and hybrid work will be a permanent shift in the labor force. WeWork was surprisingly resilient in 2020 and managed to cut billions in excess costs.
SPACs, Like Greensill, Run Into Adam Smith’s Problem
There’s nothing wrong with the idea of a SPAC, but there is a limitation to how often the technique will work. It’s the same problem that Greensill ran into with its promise of revolutionizing corporate finance.
SPAC GigCapital3 gains as holder vote for Lightning eMotors was earlier today
SPAC GigCapital3 (NYSE:GIK) advanced 17% as the shareholder vote for the company’s merger with electric vehicle company Lightning eMotors took place earlier today.
SPAC Week, Part II: Why SPACs Make Sense (Podcast)
SPAC Week returns with Joe Crouthers, Co-Founder and CEO of Ceres Group Holdings, who discusses why they’re focused on the plant-touching side of the sector.
Busy day in the SPACsphere as deals, including Kaepernick, run hot
Colin Kaepernick took his activism to the wide world of SPACs. Archer, a developer of all-electric vertical take-off and landing (eVTOL) aircraft, is combining with SPAC. The Beachbody Company Group also announced its intention to become a public company.
Colonnade: Under The Radar Lidar SPAC
While other lidar stocks have zoomed higher following SPAC deals, Colonnade Acquisition (CLA) still trades around $13. Back on December 22, the SPAC agreed to a business combination with lidar sensor developer Ouster which will trade under “OUST” on the NYSE.
Equity Commonwealth: A Grave-Dancing SPAC In Disguise
Equity Commonwealth (NYSE: EQC) is a cash box trading for ~90 cents on the dollar. With ~$3 billion in cash, $25 million in debt, four office properties, and grave dancer Sam Zell at the helm
Social Capital Hedosophia Holdings Corp. IV Warrants: Thinking Ahead
Social Capital Hedosophia Holdings Corp. IV (NYSE:IPOD) is the fourth of a series of SPACs that Chamath is listing. IPOD is publicly traded today, and is trading at a 10% premium to NAV.
Eos: Cash In On Biden’s Green New Deal With Energy Storage
Most stocks with exposure to batteries, energy storage, or renewables have taken off this year. This is partly due to industry fundamentals – electric transport is growing like crazy – but it’s also influenced by the Tesla (TSLA) effect. Any stock that looks like Tesla has become a retail investor darling with hopes of getting rich quick.
It Pays To Be A (SPAC) Winner
If you want to place a bet on who comes out on top in the next Disney (DIS) cartoon, bet on plucky little upstarts. The smaller, weaker outcasts defy the odds and win the day pretty much every day. That’s how it works in the movies. It’s not how it works in the world generally or in special purpose acquisition companies (SPACs). As I wrote in SPAC Size Matters, the best opportunities are in the biggest SPACs.
Pershing Square’s Supersized SPAC Looks Well-Positioned To Deliver A Splash Acquisition (NYSE:PSTHU)
Summary Well-publicized success of several high-profile SPACs this summer has led to bigger and more well-funded sponsors to enter the…