Spin-offs are very well known and followed special situations. Spin-offs are segments or business units of companies that become independent businesses with assets and employees taken from the parent company. In a spin-off of a public company, shareholders of the parent company receive equivalent shares in the new company (which is part of the parent […]
Sometimes, boring is better. If you follow me on twitter you’ll know that over the past week I’ve been talking about the soon-to-be-public company Skillsoft, which recently announced a deal with Churchill Capital Corp (CCX), a spac. As this deal is not related to EV / batteries / sustainability, CCX shares basically went nowhere. I […]
My last article focused on the opportunity related to the Legacy Acquisition Corp. spac-warrants. What was supposed to be an ‘easy’ trade turned out to be a lesson in margin of safety. Legacy’s (LGC) intention at the closing of the business combination with Onyx (CarID) was to buy out all warrants outstanding for a total […]
As you probably noticed by now I tend to keep close track of spacs and spac-warrants. You might not be aware of it but 2020 is the year of the spac – there are currently more than 200 spacs listed, having raised more than three times the funds raised during 2019. It is not their […]
In this third – and last – part of the ESG-related investing theme, I’ll briefly look into two more recently announced spac-deals which I believe have quite a good chance of performing well as the deals close and the private companies start to trade publicly. B. Riley Merger Corp. II (BMRG, BMRG/WS) The first is […]
Yesterday I wrote about the ongoing trend in ESG/sustainable investing and how we can try to profit from it via spacs. Today I’ll present the first spac company which I believe will do well in the future. But first, I received some basic questions about spacs so I thought I would take a short moment […]