spac
Following is the unofficial transcript of a CNBC interview with Vlad Tenev, Robinhood Co-Founder & CEO, live during the CNBC Disruptor 50 Summit today. Q3 2021 hedge fund letters, conferences and more Interview With Robinhood Co-Founder & CEO Vlad TenevJIM CRAMER: Thank you so much, Vlad. I am so glad you're with us. How have you been? VLAD TENEV: I'm glad to be with you, Jim. Good to see you again. CRAMER: Alright, so let's get the zeitgeist of Robinhood. When I first met you, had a great app, you thought that people would be attracted to, it younger people. Younger people have been completel...
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According to Refinitiv, August has seen an all-time high in deal value as global M&A continued to climb to a record US$3.9 trillion. It has also been the strongest month for cross-border deal values since our records began in 1980. However, August had the lowest monthly total for US$5 billion+ deals since January and SPAC business combinations tumbled. Q2 2021 hedge fund letters, conferences and more August 2021: M&A Monthly SnapshotAll-time August monthly deal value as global M&A continues climb to record US$3.9 trillion US$501.3 billion worth of deals were announced globally during August 20...
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The requirements for any potential merger company will be challenging Q2 2021 hedge fund letters, conferences and more Bill Ackman’s special purpose acquisition company (SPAC) Pershing Square Tontine Holdings (NYSE:PSTH) just dumped its complicated deal to acquire 10% of Universal Music Group (UMG) for the SPAC. As a result, PSTH stock faces more uncertainty and doubt about its ability to close on a large reverse merger. In an interview with CNBC on July 19, Bill Ackman more or less blamed his pulling of the UMG deal for PSTH on comments and statements made by the Securities and Exchange Commi...
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Space technology firm Redwire is slated to go public through a merger with a special purpose acquisition company (SPAC). The company plans to merge with Genesis Park Acquisition Corp., which held its initial public offering in November. [soros] Q4 2020 hedge fund letters, conferences and more Details On The Redwire OfferingAfter the merger, Redwire should have $170 million in capital, and the deal values the firm at $615 million. Redwire and Genesis Park expect the transaction to be completed by the end of the second quarter. Redwire will then be traded on the New York Stock Exchange. Private-...
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Traders are keeping PSTH stock in a tight range suggesting that there’s little upside for now Q4 2020 hedge fund letters, conferences and more After debuting at $20 per share, a premium price for a special purpose acquisition company (SPAC), shares of Pershing Square Tontine Holdings (NYSE:PSTH) look to be trading in a range. Like expectant parents, traders in PSTH stock are waiting for the white smoke to finally billow from Bill Ackman’s chimney announcing that the SPAC has found a target. Will it be worth the wait? And is that a reason for the stock to be trading at nearly $30 per share? Tho...
ValueWalk
Better to do what Ackman is claiming to do rather than hire him to do it through shares of PSTH stock Q4 2020 hedge fund letters, conferences and more Buying a SPAC before it has a target is gambling on the SPAC’s sponsor. Buying Pershing Square Tontine Holdings (NYSE:PSTH) stock means betting on Bill Ackman. A special purpose acquisition company (SPAC) without a target is like a suit you’re picking up at the dry cleaners. It may smell nice, but it’s empty. You’re gambling the sponsor buys something that can jump quickly in value. There are plenty of rumors about what PSTH might buy. These ran...
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Electric vehicle charging network EVgo Services is set to go public through a merger with a special purpose acquisition company, or SPAC. Sources reportedly told Bloomberg that EVgo was approaching a deal with Climate Change Crisis Real Impact I Acquisition Corp. The news about the agreement was later confirmed with a press release from the SPAC. EVgo reaches a deal with SPAC to go publicIn the press release, Climate Change Crisis Real Impact I Acquisition Corp. said EVgo has entered into a definitive merger agreement with it. When the transaction closes, the combined entity is set to be liste...
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In a stunning entrance to 2021, a landmark deal was sealed overnight when four college seniors unknowingly had their IP and research rights acquired by famed SPAC: BDE Capital, overnight. Q3 2020 hedge fund letters, conferences and more BDE Capital Acquires EV Senior Design ProjectThe four college electrical engineering students were assigned an electric vehicle (EV) concept as their senior design project with an emphasis on engineering the car’s battery to operate as efficiently and cost-effectively as possible. “There were an unusual amount of senior design projects focused around electric c...
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Kerrisdale Capital is short shares of Tattooed Chef Inc (NASDAQ:TTCF).Q3 2020 hedge fund letters, conferences and moreTattooed Chef Inc (TTCF): Recent SPAC Acquisition is Already Past its Sell-By DateWe are short shares of Tattooed Chef, a $1.2bn packaged-food company that trades at about 7.5x 2020 revenues despite extreme customer concentration and flagging retail sales. Having recently gone public through acquisition by Forum Merger II Corporation, a special purpose acquisition company (SPAC), financial details regarding Tattooed Chef’s business are sparse. Investors have nonetheless bestowe...
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