SPACuity

Used to do a lot with SPACs. Now back to doing a lot with SPACs. I also post things to make myself chuckle. If you are amused, it is a nice bonus.

[SPACuity @SPACuity]

Whether you own it or not, $WLAC is critical for SPACs. 90%+ of SPACs don't work; but names like this are what give us hope. Not just hope - but the ability for the theoretical "equity upside" to be a reality. Otherwise, these are just discounted TBills. Hopefully there are more.

[SPACuity @SPACuity]

$PCSC, at present, is my largest SPAC holding

[SPAC Trader @Spac__Trader]

$PCSC is back within 3% of ~$10.81 NAV. Impressive list of current investors including, Microsoft, BainCapital, Quest, Roche, ARK, etc. SimpleScreen CRC is under FDA review with approval anticipated in mid 2026. Competitor $GH is up ~45% in the past month. ~8M float. S4/A Monday.

[SPACuity @SPACuity]

@CallsPuts1

[SPACuity @SPACuity]

@JasonSTLxYz @APompliano @ericjackson I'm sure silvia can tell you.

[SPACuity @SPACuity]

@PeterAttenb @larryswets I'm not sure I follow? The $GLND deSPAC transaction (was $PELI) happened in late March; equity/warrant financing and share unlock was in late April. Now it is just moving forward towards drilling this fall; insiders don't know anything more than we do about what results will be

[SPACuity @SPACuity]

Nice to see continued pocketbook vote of confidence by chairman (and SPAC sponsor) @larryswets ; he continues to buy both $GLND and yesterday was buying more $GLNDW at new highs ($1.39);
https://t.co/YwX3WKqgIJ
Rare to see a SPAC sponsor aggressively buying after deSPAC

[SPACuity @SPACuity]

@PeterAttenb @larryswets What kind of deal are you referring to? Pretty sure any material info is out there in the public domain. The company has the funding now, I don't know what kind of deal they'd be pursuing?

[SPACuity @SPACuity]

@EggPlatypus @JulianKlymochko I'm sure they'd accept your call if you'd like to help them out with that

[SPACuity @SPACuity]

Yeah those two both involved in Jameson Oil, and yet to be determined if $GLND is in fact going to be directly involved in the Disco JV with #80m. I haven’t turned up yet the source of USFM’s funding, just that Robert Price is involved. #80m $bllyf is interesting given their carried stakes in those two projects, and some other interesting projects as well (titanium, perhaps helium, biofuels, etc).

[SPACuity @SPACuity]

@traveler_jeff @larryswets @bobtastic141 Not sure what to read into it, but we know Robert Price is involved in this. I can’t confirm whether $GLND is involved directly but them being listed at the contact is interesting to say the least

[SPACuity @SPACuity]

@traveler_jeff @larryswets @bobtastic141 A link to the USFM pic I posted? If something else let me know. Otherwise;
https://t.co/VmuQOPpWpx

[SPACuity @SPACuity]

@larryswets @bobtastic141 @traveler_jeff Or did you already??

[SPACuity @SPACuity]

@larryswets @GL_Energy_Co Yeah, I often invest expecting a nice meal, and end up with soup instead

[SPACuity @SPACuity]

@larryswets @GL_Energy_Co

[SPACuity @SPACuity]

Initially tweeted as Nuum. I was so excited to tweet out; "This $GLND tug heading for Nuum is kind of like George Constanza and the Bubble Boy with the Moops"
Ah heck, I'll do it anyway.

[Greenland Energy Company @GL_Energy_Co]

The logistics dance has begun! This tug left Denmark for Nuuk then on to our $GLND project on Jameson Land Basin.

[SPACuity @SPACuity]

@DumbInvestorGuy It expired.

[SPACuity @SPACuity]

$AXIN did not announce a PIPE. Usually I read that as a negative. Maybe it is. However, in this case, Terra Quantum was under exclusivity arrangements with $MLAA, so would have been unable to market a PIPE until those expired. $AXIN says they may enter into one, we'll see/

[SPACuity @SPACuity]

With $GLND moving 60 plus cents off levels from Friday morning and $GLNDW up about 15 cents, I've shifted exposure from commons to warrants. If it works they both will work, but I'm increasingly appreciative of the "call option on a call option" aspect of the warrants

[SPACuity @SPACuity]

Interesting that $GLND (previously $PELI) seemed destined for success north of $10 when they had no secured funding (and a substantial implied valuation), but now is acting like death with funding secured. I personally like it better now. Drilling plan fully funded.

[SPACuity @SPACuity]

@BuckfastCapital commons and rights? Is that typical for Schwab to restrict SPACs?

[SPACuity @SPACuity]

Will be interesting to see how $AXIN and $AXINR act. Close to NAV common, discount rights. Cheap valuation? No. That said, at the moment virtually no quantum SPACs have NOT worked. $BBCQ $RAAQ $INFQ $XNDU $RGTI $IONQ $HQ $QBTS. Ok, maybe $ARQQ failed. Which ones am I missing?

[SPACuity @SPACuity]

@CallsPuts1 yeah, wasn't a huge amount of risk there, but warrant buyers just had a 2 for 1 split without the extra warrants part

[SPACuity @SPACuity]

Reminder for us investing in SPACs that non-binding LOIs are just that. Definitive agreements sometimes have enough issues in and of themselves. Have to be cautious in what to pay; $MLAA, $BWIV, $TACO all recent examples. Seems like more SPACs announce these than in past.

[Odd Diligence @OddDiligence]

$MLAA "While MLAC II and Terra Quantum may continue discussions relating to a potential business combination, the exclusivity provisions of the non-binding letter of intent have expired."

$AXIN 1 hr later "Terra Quantum and Axiom Intelligence Acquisition Corp 1 Announce Definitive Business Combination"

the great world of SPACs