I posted a quick deSPAC idea on Alight (ALIT) on Monday. I got plenty of feedback on that piece, and I’ll probably be posting some follow up thoughts in the near future.
Prosus owns 35% of the company, gets to appoint the chairman + 2 board seats. A strategic agreement to help SKIL to grow. They are probably the biggest player in the edtech space. I guess they would have bought it outright if they could, but Cfius may come out to block it.
SKIL sold off last week (7/7/21) after they filed the S-1 for the shares underlying the warrants and the PIPE... in this Market of Morons, i think that people thought it was an offering of some sort... the one-man-PIPE is obviously not a seller here...
Would love to get an update on your current thoughts on $SKIL.
Another interesting tell sign - M Klein's brother invested 10M along with Prosus as well. I talked about and invested in CCX/SKIL months ago. https://seekingalpha.com/article/4399602-churchill-capital-corp-ii-leading-elearning-business-hides-behind-undervalued-spac
Prosus owns 35% of the company, gets to appoint the chairman + 2 board seats. A strategic agreement to help SKIL to grow. They are probably the biggest player in the edtech space. I guess they would have bought it outright if they could, but Cfius may come out to block it.
SKIL sold off last week (7/7/21) after they filed the S-1 for the shares underlying the warrants and the PIPE... in this Market of Morons, i think that people thought it was an offering of some sort... the one-man-PIPE is obviously not a seller here...
case in point: https://twitter.com/SPACtrack/status/1415724240075206658
it has been pretty rough out there for deSPACs. I certainly feel it...