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Been in orph since CF took over?
3700 posts to your name not seen you over there.
Interesting one here, love the move to get on something very quick that is doing so well across the pond. Punting that CF and ORPH will do something here. Happy ORPH holder since CF took over. Would be very nice to see something with them happen here. Either way, looks exciting and early entry.
This should move forward, something is brewing folks...
Exciting days ahead.
Hold.
Cheers sausage. Found them
Cheers sausage. Found them
My and a friend put a few k in this yesterday at around 16:15. Our trades aren't even listed.
Courtesy of City Analyst from another board:
City Analyst119 Mar '21 - 14:53 - 17 of 111
0 9 0
For those unaware, a small corner of the IPO market is actually booming right now and the biggest renewable energy company since Tesla is now involved. They’re called Special Purpose Acquisition Companies (SPACs).
Nikola Motors (NKLA:NASD) is the company. It had its origins in a SPAC called VectoIQ Acquisition Corp. The stock price of this SPAC quadrupled at launch and more.
Unlike a traditional IPO (Initial Public Offering), a SPAC merger doesn’t require a roadshow. That is to say, there are no brokers or underwriters.
For private companies not looking to raise new capital (or for those looking to cash out), it can be a preferable route to the public market.
The SPAC is usually run by a PE (Private Equity) sponsor who is already neck-deep in deal-making. Basically, a pro in the PE industry.
Hedge funds like SPACs because they are what is called ‘a free carry’. That is to say, a free shot on goal with an opt-out clause.
But the biggest winners in a SPAC are the sponsors. They manage the IPO and look for the deal. And in return, they get 20% of the SPAC shares.
For the record, SPACs have been one of the hottest US investment stories in 2020, and look to be a major theme in 2021, with hundreds of potential deals to be announced. To this end, SPAC IPOs are gaining momentum. However, in the UK, the SPAC market is just getting started, and London-listed UK SPAC (LON:SPC) is at the forefront of this wave.
And the choice of name - UK SPAC Plc - is nothing short of a bold statement of intent.
Launched on Tuesday, UK SPAC is spearheaded by City heavyweight Simon Richard de Clanay Grant-Rennick (also known as Simon Grant-Rennick), the brains behind Quetzal Capital Plc; a SPAC targeting investments in electric vehicle technology and distribution. Quetzal’s share price, for those unaware, has delivered an extraordinary multi-bagging event since its launch – a reminder that the most profitable way to play the SPAC market is to buy the new SPAC at its launch.
Boasting a network of high value contacts in the upper echelons of the City, and hardwired to deliver, monsieur Grant-Rennick is a skilled dealmaker who is currently rumoured to be working with a BVI-registered, cash-generative, Sativa-focussed business with dispensaries across Canada, Netherlands, and Northern Europe but targeting entry into the US where the marijuana legalization movement continues to gain steam across the country.
Frankly speaking, whether it's a cannabis-focussed, renewable energy, or high-powered biotech, the battle-hardened heavy hitter is likely to have a team of deep-pocketed backers to push the deals through. And if you don't believe me, take a look at the company's share register.
Yes, you got it; the smart money is here!
And if the famed duo (Simon Grant-Rennick and Brent Fitzpatrick) can deliver something close to the US-based SPAC Silver
Someone is working towards their TR1.
14-Apr-21 13:38:41 0.3235 40,000,000 Buy* 0.29 0.32 129.40k O