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

To: Triffin who wrote (3095)	1/11/2021 1:02:05 PM
From: Glenn Petersen	5 Recommendations Recommended By DinoNavarre kidl rogermci® sixty2nds Triffin Read Replies (1) \| Respond to of 3862

His hot hand is putting a significant premium to NAV in his other SPACs .. The premium in some of these SPACs may actually hinder their ability to structure a deal. Take PSTH as an example. At $29.00 per share, the SPAC is being valued at $5.8 billion, yet they only have $4 billion in their trust fund. When they try to structure a deal with a potential merger partner, who, if anyone, takes the $1.8 billion hit? Do the SPAC shareholders keep it, and do you just inflate the valuation of the target company? If a PIPE is involved, I suspect that the potential PIPE investors are not going to be too enthused about investing their funds at $29.00 per share.