SPAC Attack

Trader - took a long break from X but I'm back.

[SPAC Attack @spac_attack]

Every cycle has that “one”

• QuantumScape ($QS) → +1300%+
• Lucid Motors ($LCID) → +500%+
• IonQ ($IONQ) → +400%+

All started out as a random SPAC no one cares about.

My pick?
$SPKL

IMO... this could be the sexiest SPAC deal we have seen in many many years (if they can get the deal finalized).

Fact pattern:
• Publicly stated they are targeting Kneron (edge AI chips = next huge narrative imo)
• Mgmt explicitly said in latest 10-Q “we have moved to the next phase of actively negotiating the terms of a binding business combination agreement with Kneron”
• Hired CFO w/ $45B+ M&A experience (not random hire)
• Board upgrades (BioLegend founder)
• First ever GlobeNewswire investor-style PR last week

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@CallsPuts1 @TKCODY the language barrier is so brutal for trying to draw conclusions

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$SPKL key phrase that stuck out to me “we are still working with bankers continually”

In 2026 SPACs:
• bankers = PIPE + financing + structure (SPKL going to need a material PIPE)

Translation:
-process is ACTIVE (aligns with SPKL SEC filing lanuage)
-problem isn’t interest, it’s execution

Important thing to consider:
A true IPO isn’t a quick pivot, it’s 6–12 months (S-1, SEC review, roadshow ,etc)

The "IPO" phrase has been a big topic of misunderstanding in SPACs for years. It is more often than not used synonymously with public listing of any kind.

[SPAC Attack @spac_attack]

No doubt, its a tough read overall. He could have specifically said that is no longer happening, but he also avoided that and quickly mentioned "continuing" to work with the bankers.

Personally I'm putting more weight into SEC filings than one strangely worded interview question (for now).

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#bagged - seriously though I'm just sharing an idea that I believe has an incredibly rare risk/reward profile. Yes.... there is risk. Trade your own opinions, always

[SPAC Attack @spac_attack]

$SPKL interview causing some panic. IMO - this language is in-line and consistent with the messaging from earlier this year (below). Obviously, the risk has always been (and always will be) that the deal doesn't materialize.

Every LLM you drop the transcript into comes across as largely net neutral.

https://t.co/YO1EaS6hpe

[SPAC Attack @spac_attack]

Bagged? Its a SPAC at ~ NAV (was 2-3% above prior)?

Thats the whole game. Taking swings at good r/r spots. There is a strong possibility the deal doesn't materialize. Thats the trade.

The Kneron LOI expired and they have reiterated they are pursuing a binding business combination in SEC filings.

Why the hostility?

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@carpish If by 'IPO' CEO means going public in general, and "continually" is a continuation of the SPKL discussions. Its a trade and not for everybody. I will personally risk a few % for a potential homerun

[SPAC Attack @spac_attack]

Kneron CNBC interview just aired as well. Mentions one customer waiting to announce is a "global top 3 market cap (Nvidia, Apple, Google)"

Not saying this $SPKL deal is happening (nobody knows)... but if it does.... this has the ingredients for absolute fireworks and i love the risk/reward at NAV now https://t.co/bNzVns6eCu

[SPAC Attack @spac_attack]

$SPKL agreed i think traders are reading far too much into this. He has to legally mention the LOI is expired, and could have easily said "we are pursuing a traditional IPO now" but was very careful/vague in the language instead.

[DataTrack @DataTracker87]

@Spac__Trader @SPACspin This was interesting because on one hand he talked about LOI not legally binding and expired but on another hand he repeatedly emphasized they are still working with bankers.

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https://t.co/9JfWSvGn6a

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$SPKL Kneron CEO Bloomberg interview from earlier this year:

-Mentioned one customer is a global top 5 market cap

-Mentions will be ready to go public in Q2/Q3 (aka right now)

Skip to ~minute 7 for question on listing timeline

https://t.co/Lod5tfY56U

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@Jack_Raines Officer, lock him up

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$BRUN $40
$BRUNW $28.50

Beauty. Catching one of these early can change your life.

[SPAC Attack @spac_attack]

$SPKL Kneron CEO Bloomberg interview from earlier this year:

-Mentioned one customer is a global top 5 market cap

-Mentions will be ready to go public in Q2/Q3 (aka right now)

Skip to ~minute 7 for question on listing timeline

https://t.co/Lod5tfY56U

[SPAC Attack @spac_attack]

Been adding to $SPKL position last few days. They're very active at Computex and companies like to use these types of events for big announcements (either during or after). https://t.co/dfP7DPK7Sj

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$SPKL Merger Monday?

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$BRUN insane move and great for the animal spirits. @SPAC_zilla @satoritrade just absolutely nailed this one (among others I’m sure)

[PelicanTrader @satoritrade]

While everyone on X is talking about Leopold @leopoldasch and $NBIS ...

Boost Run $BRUN is quietly doing this 🚀

#AI #datacenters $APLD $CRWV $IREN $HUT $WULF $DGXX

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@kingtutcap Lol

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@phil_hellmuth Kneron celebration? 😉

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@TedWilliams1930 Tough to differentiate

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🤔