Eraserhead Capital

[Eraserhead Capital @EraserheadCap]

$EVLV

[Eraserhead Capital @EraserheadCap]

@spacanpanman @SPACLiquidity Been highly anticipating this merger since initially reading @SPACLiquidity's primer thread on it, and they've achieved a lot since then. It's a great summary for anyone unfamiliar with why tokenization matters a lot to Wall Street / US Government $CEPT
https://t.co/B45s0aJ4N9

[ZPO🎖 @SPACLiquidity]

1/ Why Securitize’s public listing ($CEPT) could be the most significant SPAC deal since $DJT ( $DWAC):

Securitize, the world’s largest Real World Asset (RWA) tokenization platform, just announced they will be going public via the SPAC $CEPT at a $1.25B valuation.

[Anp🅰️nman @spacanpanman]

$CEPT : Securitized, the leading real-world tokenizing platform, announced on 6/5 that their merger proxy is now effective and vote date set for 6/29. Upon closing the company will trade under the ticker $SECZ

I picked up a small position last week. @SPACLiquidity put a great thread together back in April and is worth a read.

6/5 Press Release: https://t.co/Mv95XYUMOa

[Eraserhead Capital @EraserheadCap]

$EOPSF $EOS.AX

[Electro Optic Systems @aussie_eos]

EOS was pleased to welcome a high-ranking German delegation including members of parliament, MOD, WTD-91 and industry to attend a successful live demonstration of our counter-drone high energy laser (Apollo) and space control (Atlas) capabilities. #counterdrone #helw

[Eraserhead Capital @EraserheadCap]

More news for $ASTS

[Dave Limp @davill]

Some LC-36 updates. Now that we’ve had access to the pad and integration facility we can share a bit of good news. The propellant farm, oxygen, liquid hydrogen and LNG tanks are all in good shape. This is good luck because these are very long lead items. The water tower is also good. The big support tower is damaged, but it can be repaired in place rather than torn down and replaced. The booster “Never Tell Me The Odds” and the three GS-2s that were onsite in the integration facility also look good.

I’ve seen some speculation that we might move directly to the 9x4 configuration, but we won’t do that. Rate manufacturing of 7x2 is going well, and we’re going to continue that at pace as planned and store the stages for use. In addition, we had already been working for some time on eliminating our transporter-erector in favor of an alternative vertical conop, and we’ll now go directly to that; so we don’t need a new transporter-erector.

We will fly again before the end of this year. Gradatim Ferociter.

[Eraserhead Capital @EraserheadCap]

Important clarification for $ASTS

[NASA Administrator Jared Isaacman @NASAAdmin]

I enjoyed being at the CNBC event, but I wanted to clarify. The question was about the timing of the Moon Base and recent lunar rover awards. I was pointing out that those missions are not until 2028, which should be well within what is possible for pad recovery.

Blue Origin leadership has responded incredibly quickly, and NASA will do all we can to help with root cause analysis and accelerate pad recovery timeframes while staying extremely focused on progressing the lander.

[Eraserhead Capital @EraserheadCap]

@Jack_Raines @_bcbread He’s saying you got sloppy ass lines my guy

[Eraserhead Capital @EraserheadCap]

$KRKNF $PNG.NE $PNG.V

[Kraken Robotics @KrakenRobotics]

The @RoyalNavy and @ItalianNavy are standing by with their Kraken SAS systems on REMUS UUVs to help with mine countermeasure operations in the Strait of Hormuz.

@SkyNews - https://t.co/j85uHqiuoK

@navalnewscom - https://t.co/xcs9essJDh

[Eraserhead Capital @EraserheadCap]

@Chazztheshort

[Eraserhead Capital @EraserheadCap]

@spacanpanman $KRKNF $PNG.V mine meme is finally happening and Kraken gets on the front-page photo:
https://t.co/QBu8G0PCA8

[ZPO🎖 @SPACLiquidity]

SEC just delayed its plan to let crypto firms trade tokenized US stocks. Headline reads bad for the sector. It’s actually good for $CEPT (@Securitize).

The whole point of the exemption was to let Coinbase($COIN), Kraken, and DeFi venues skip full broker-dealer registration. @Securitize already has that registration. The exemption was a shortcut around them, not for them.

On May 4, FINRA approved @Securitize Markets to custody tokenized securities, underwrite tokenized IPOs, and settle onchain against stablecoins. All inside one broker-dealer. First firm in the US to do all three. That’s the moat the exemption was about to flatten.

Peirce came out yesterday saying the rule will be “limited in scope” and only cover tokens that represent real registered shares. That kills the synthetic wrapper model. Issuer-led tokenization wins. @Securitize is issuer-led.

The sticking point in the draft was third-party tokens. Tokens issued without the company’s consent. Dividends, voting, KYC all break when the issuer doesn’t know who holds the token. Regulators are spooked. Issuer-consent models walk through clean.

[Eraserhead Capital @EraserheadCap]

@steve2bacon I feel you. So much ptsd from this ticker and it’s fake breakouts. Just some new ipo bullshit. All it took was a generational bull market and a SpaceX $2T ipo

[Eraserhead Capital @EraserheadCap]

@TMFAssociates That’s the point of d2d, to supplement (or replace, in Starlink’s true intent) the ENTIRE terrestrial market. You’re agreeing with me here. Every device is a possible d2d customer

[Eraserhead Capital @EraserheadCap]

$ASTS

[Morning Call @CNBCMorningCall]

.@AbelAvellan, Chairman and CEO of @AST_SpaceMobile, says the company is leading direct to device satellite broadband and expects rapid growth as space based connectivity expands globally.

https://t.co/YOpzqNkXWM

[Eraserhead Capital @EraserheadCap]

@steve2bacon @TwelveGiraffes It’s time. The pieces just fell into place.

[Eraserhead Capital @EraserheadCap]

$EOPSF

[OptimusDelta @OptimusDelta]

$EOS.AX MARSS acquisition update - unpacking it below as this is transformational for the company.

Headline order book

* EOS standalone - A$509m (up from A$136m end- 2024)
* MARSS adds: A$217m
* Pro-forma combined: A$726m
* ~5.3x order book growth in 17 months

The new contract

* €102m (£85m / ~A$160m) from an existing Middle East national defence force
* Country-wide drone detection and mitigation, NiDAR C2 at the core
* ~70% of revenue and cash earned in 2026 and 2027, support tail running another three years
* Several additional pipeline opportunities each over $100m flagged by management

NiDAR is now battle-proven

* Successfully defeated Shahed drone and missile attacks in active conflict
* In c-UAS procurement right now, field credibility against Shahed-class threats is the buying signal
* That credibility is what unlocks the follow-on pipeline

Deal terms revised, mostly in EOS's favour

* Upfront US$36m paid today, unchanged
* Earnout cap lifted from €100m to €140m
* But vendors now need €700m of new orders to hit max (was €500m), so the bar moved up too
* First €500m of orders converts at A$7.40 per share. Above that, the next €200m converts at VWAP, so dilution scales with the share price
* Three earnout tranches now (90 days, 270 days, May 2027) instead of two

Funded with debt, not equity

* A$70m drawn from the WHSP secured term loan
* No discount placement, no register pain on the acquisition itself
* Earnout shares are contingent on MARSS hitting hurdles, not given away upfront

The integrator thesis is playing out

* EOS now has the full counter-drone stack: detect, decide, defeat
* Apollo HELW and remote weapon systems on the effector side, NiDAR C2 on the AI/software side
* Software-led acquisition. The C2 layer was the gap and MARSS fills it
* This is what distinguishes EOS from a pure hardware integrator

[Eraserhead Capital @EraserheadCap]

@JesseV1987 @TMFAssociates This! Hence the bent pipe architecture they designed from the very beginning

[Eraserhead Capital @EraserheadCap]

$ORGN estimates they’re worth anywhere between $0.61 and $3.48

https://t.co/FBihHdkpMZ