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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (2667)	6/7/2020 2:06:41 PM
From: Glenn Petersen	2 Recommendations Recommended By sixty2nds Triffin Respond to of 3862

Thanks for the links. I bookmarked both websites. Some interesting stats on the SPACs: spacanalytics.com Over the years, I have periodically tried to register for their backend material but have never gotten a response. At one point this board probably had more free current information on SPACs than any other site on the Internet. Had they been aware of the board, my name may have triggered the rejections. I don't know if hey charge for their back end material. I still dabble in SPACs, though not as much as I did ten years ago. I rode the SPCE train up earlier this year and regrettably gave up half of my profits when it crashed, no pun intended I have been a big bull on DKNG. It hit my radar screen in late December when the Diamond Eagle-DraftKings merger was announced in December, though I held off buying until I saw the numbers when they filed their original prospectus. I actually started a board on DKNG: Subject 60130 I'm going to start posting more SPAC related stuff.

To: Triffin who wrote (2667)	6/7/2020 2:11:35 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3862

I missed out on VTIQ and have a small position in FMCI. if their deal actually is with Impossible Foods, the stock will blow through the roof, though I have o believe that Impossible Foods could raise more money and get a higher valuation by doing a traditional IPO. Forum Merger Corp. II Teases a Combo Ahead of Extension Vote May 13, 2020 INTEL by SPACInsider We have yet another “teaser” ahead of an extension vote, folks. Forum Merger II Corp. (FMCI), announced tonight, as part of dropping their extension proxy, that they have signed a letter of intent with “a high-growth, plant-based food company with a broad portfolio of innovative products that are aligned with major food trends and sold through leading retailers and distributors across the United States.” It ain’t Beyond Meat (BYND), that’s already public, but….how about Impossible Foods? Which makes the Impossible Burger. We don’t know, but this teaser certainly sounds interesting. The problem with teasers is, if it’s not something like Impossible Foods, investors will be disappointed. You can’t tease and not deliver. But…if it is something like Impossible Foods? Wow…. We don’t have anything else to go on just yet, but Forum Merger II Corp. intends to hold their extension vote on June 8, 2020. Most likely, once Forum is past the vote (and the trust holds) we could get a definitive announcement shortly thereafter. Perhaps earlier, but if you’re a target company, you’d probably rather wait and see how much cash is left, post-vote, before you sign anything. Stay tuned… spacinsider.com

To: Triffin who wrote (2667)	6/8/2020 6:19:50 PM
From: Glenn Petersen	Respond to of 3862

A new SI board devoted to Nikola Motors: Subject 60142

To: Triffin who wrote (2667)	6/8/2020 6:55:20 PM
From: Glenn Petersen	2 Recommendations Recommended By rogermci® Triffin Read Replies (1) \| Respond to of 3862

From the Impossible Foods board: Message 32776765 Rumors have been circulating that Impossible Foods may merge with Forum Merger II (stock symbol: FMCI), a special purpose acquisition company (SPAC), otherwise known has a blank check company. On May 13, Forum, which closed today at $14.25, and is sitting on approximately $210 million in cash, issued the following press release on May 3, 2020: Delray Beach, FL, May 13, 2020 (GLOBE NEWSWIRE) -- Forum Merger II Corporation (Nasdaq: FMCI) (“Forum” or the “Company”) today announced it has signed a letter of intent and expects to sign a definitive agreement to acquire a high-growth, plant-based food company with a broad portfolio of innovative products that are aligned with major food trends and sold through leading retailers and distributors across the United States (the “Target”). The Target’s disruptive strategy is focused on addressing the growing consumer demand for nutritious, great tasting, better-for-you products with plant-based food. The Target’s alignment with today’s secular food trends, combined with its robust, plant-based offerings that feature unique ingredients, innovative recipes and creative branding, has allowed it to establish a meaningful market presence in a short period of time. Forum believes that the Target has a compelling financial profile, with significant historical and projected revenue growth and profitability. Forum’s management expects that the anticipated valuation at consummation of the business combination transaction will represent a meaningful discount to relevant public comparable multiples. Completion of the transaction is subject to, among other things, the negotiation and execution of a definitive agreement providing for the transaction, satisfaction of the closing conditions included therein and approval of the transaction by Forum’s shareholders. Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated. globenewswire.com Forum had to complete an acquisition by June 10, 2020; otherwise it would have to liquidate. Today, its shareholders extended the deadline to September 30, 2020. sec.gov FMCI was up $1.84 on the news. Impossible Foods recently raised another $300 million. Even though FMCI would only add $210 million to the pot, a deal with FMCI could bring in additional funding as part of the transaction, which is what DraftKings did earlier this year when it merged with Diamond Eagle, another SPAC. Going public through a reverse merger with FMCI would be a relatively inexpensive way for Impossible Foods to get a public listing. It would also get less regulatory scrutiny than a traditional IPO.