I mentioned this in my May links post, but recently I’ve been seeing an interesting trend in the SPAC-land: SPACs are absolutely flying higher as soon as they pass their vote / redemption date and/or complete their merger and officially change their ticker.
Topps looks like it will fall in this group: "~50 of them will buy interesting companies at good prices and actually create value". Earnings are booming. Sports collectible NFTs will be a big catalyst for them from this point forward. Would love to see your thoughts on $MUDS and Topps.
Merger date announced yesterday. Set for August 25. 🙂
Another great write up Andrew. Really appreciate your analysis. In this case maybe the answer is much simpler. All the arbs have either sold at $9.98-10 or redeemed and there are simply no sellers left. Thoughts?
Topps looks like it will fall in this group: "~50 of them will buy interesting companies at good prices and actually create value". Earnings are booming. Sports collectible NFTs will be a big catalyst for them from this point forward. Would love to see your thoughts on $MUDS and Topps.
Merger date announced yesterday. Set for August 25. 🙂
Another great write up Andrew. Really appreciate your analysis. In this case maybe the answer is much simpler. All the arbs have either sold at $9.98-10 or redeemed and there are simply no sellers left. Thoughts?