SPAC Trader

Not a financial advisor. Do your own DD and trade at your own risk. My posts are never buy or sell recommendations and are for informational purposes only.

[SPAC Trader @Spac__Trader]

$BLUW is trading $0.09 below ~$10.38 NAV. It’s the only Trump SPAC still below NAV, with the others trading $0.03-$0.25 above NAV. Yorkville filed for another SPAC last month. Usually a good indicator of a DA soon for a team’s current SPAC(s). Devin Nunes is still a board member.

[SPAC Trader @Spac__Trader]

The last SPAC to trade $14+ and then trade near NAV was $WLAC ($BRUN), another smaller-sized SPAC. Latest investor presentation filed a couple weeks ago. https://t.co/sGIKlKDdCN

[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.

[SP🅰️C-M🅰️N @SPACMAN17]

1/ Time to revisit @freenome and the $PCSC deal.

- Stock has come back providing a good entry point
- Likely came back given limited news on process
- PCSC filed the S-4 confidentially but now flipped public on 4/28, expect a definitive shortly
- Link to prior write up below 👇

[SPAC Trader @Spac__Trader]

$CUB could get the first Venezuela oil DA. NAV ~$10.87. $1.5B backing from clear street. https://t.co/fBrHNT6Y7N

[SPAC Trader @Spac__Trader]

@SPACspin They talk about fundraising for the last couple minutes, and it didn’t sound promising for SPAC vs. IPO.
https://t.co/zDKSBoRHQ3

[SPAC Trader @Spac__Trader]

$BBCQ +4% since DA was announced in March with a $2B valuation, meanwhile some other quantum companies ~ returns during the same period and ~ current valuations.
$IONQ +99% $27B
$QBTS +64% $11B
$INFQ +64% $4B
$XNDU +57% $5B
$RGTI +54% $9B
Quantinuum $14B upsized IPO Thursday.

[SPAC Trader @Spac__Trader]

$BBCQ Pasqal’s partners include IBM, Nvidia, Google, Aramco & Microsoft. 4 of the top 8 companies by market cap in the world are investors/partners. A low risk quantum play with under 2% risk (~$10.13) NAV. Aramco & Pasqal this week launched Saudi Arabia’s first quantum computer.

[SPAC Trader @Spac__Trader]

$APXT commons are $0.17 below ~$10.21 NAV for those that don’t want to risk warrants. Cohen UW.

[SPAC Trader @Spac__Trader]

Starting to look for cheap warrants targeting the right sectors with recent large spend. $APXTW is the first one I’ve found. Targets include AI, crypto, data services, and renewable energy. Deadlines 10/28/27. $200K spend increase last quarter. High RR. https://t.co/caUSZF6sZD

[SPAC Trader @Spac__Trader]

The $BCAR team’s next SPAC is $DBCA. It currently trades $0.15+ below its ~$10.11 NAV. Given their current AI deal trading well above NAV and Trump ties, it seems like a great RR below NAV.

[SPAC Trader @Spac__Trader]

$BCAR $BCARW David Boral is the Chairman/CEO. His bank advised $DWAC on the $DJT deal. He may still have connections to Trump, given his bank is co-manager of $MCGA and co-book runner/advisor for the upcoming Donald Trump Jr. & Eric Trump SPAC. $BCAR is ~$0.13 below ~$10.07 NAV.

[SPAC Trader @Spac__Trader]

@CapitalVennett 10 rights for 1 common share, the same as CHAC was.

[SPAC Trader @Spac__Trader]

$AXINR US Air Force contract announced this month. Nvidia collaboration to build hybrid quantum-classical applications. Partnerships with BBVA, Siemens, Unilever, and VW. If the deal closes, 10 $0.35 rights would give a $3.50 average on commons & an ~$1.2B valuation.

[SPAC Trader @Spac__Trader]

The only other comp we have for a quantum DA with rights is $XNDU at a $3.1B original valuation (currently $5B), and $CHACR traded between $0.60 and $1.20. The downside to rights is no floor if they terminate, they would likely go back to $0.15-$0.20 w/ deadline not until 06/2027

[SPAC Trader @Spac__Trader]

$NHIC did end up being a nuclear deal (newcleo DA). Congrats to anyone who owned it coming into today!

[SPAC Trader @Spac__Trader]

$NHIC CEO Kevin Charlton spoke at the Roadmap to Nuclear Conference in Paris last month. He was the president and COO of the Hennessy SPAC that merged with $BLBD. They are targeting industrial technology, including but not limited to grid resiliency and robotics. NAV is ~$10.31.

[SPAC Trader @Spac__Trader]

@JerryCohen85748 The same target industries that were in the WLAC prospectus.

[SPAC Trader @Spac__Trader]

The $WLAC team's next SPAC, $WLII, is currently trading below its ~$10.09 NAV. This has the same team that brought us $BRUN, one of the most successful SPAC deals in years with zero redemptions. Similar to WLAC, it’s on the smaller size of new SPACs with only 14M shares.

[SPAC Trader @Spac__Trader]

$BBCQ Pasqal’s partners include IBM, Nvidia, Google, Aramco & Microsoft. 4 of the top 8 companies by market cap in the world are investors/partners. A low risk quantum play with under 2% risk (~$10.13) NAV. Aramco & Pasqal this week launched Saudi Arabia’s first quantum computer.

[SPAC Trader @Spac__Trader]

$PMTR “The firm also plans to continue supporting portfolio companies beyond early funding through special purpose vehicles.”
https://t.co/s5KfFCr5tU

[SPAC Trader @Spac__Trader]

$PMTR $450K spend increase last quarter. $0.07 below ~$10.40 NAV. Targeting the defense sector including AI, quantum and space. Jordan Blashek is partner at Overmatch Ventures, whose portfolio is full of AI/space companies including xAI, Impulse Space, Apex Space, Armada AI, etc.

[SPAC Trader @Spac__Trader]

$PMTR is targeting defense and national security in the US or an ally of the US. Chairman Jordan Blashek and board member Jack Selby have Peter Thiel ties. The former Infleqtion CEO Scott Faris is also a board member. It’s consistently traded above ~$10.17 NAV since unit split.

[SPAC Trader @Spac__Trader]

$FACT may get more eyes leading into the SpaceX IPO.“Proprietary phased array processes and customized inspection solutions developed with SpaceX driving sales outlook for 2026CY, with additional collaborations with NASA and Boeing.” S-4/A filed PM. $0.03 below its ~$10.64 NAV.

[SPAC Trader @Spac__Trader]

$FACT in addition to SpaceX and the others previously mentioned, Airbus, American Airlines, the US Navy, the Defense Logistics Agency, and the Naval Air Warfare Center are customers. 17M float, and an S-4 was filed January 2nd. Back below its ~$10.51 NAV making it a good R/R IMO.

[SPAC Trader @Spac__Trader]

$VACI is the only space DA we have with no rights, and it’s at NAV. The warrants seem to move just before commons lately, and they are up ~50% in a week. 250%+ 2026 YOY projected revenue growth. SpaceX IPO set for June 12th. Over 550K volume on commons today, highest since April.

[SPAC Trader @Spac__Trader]

$VACI with the space theme heating up and SpaceX IPO this summer, it seems like a great RR here (~$10.20 NAV). DA w/ @NorthStarEandS which is backed by the Canadian and European governments. One of two companies selected for the DARPA Space-WATCH program to detect active threats.