Thread by @kingtutspacs

Top-level research on select SPACS for correlations between trust size, PIPE size, ownership %, rolled over equity, and valuation.

Some Findings:
- PIPE can be up 2x trust size
- SPACs got between 4-20% ownership
- Valuations more attractive in 2020 (+upside)

Thread 🧵⬇️

$IPOB/@Opendoor

Trust Size: $360mn
PIPE Size: $600mn
SPAC % Ownership: 6.6%
Valuation: $4.8bn

$FTOC/@Payoneer

Trust Size: $755mn
PIPE Size: $300mn
SPAC % Ownership: 19.2%
Valuation: $3.27bn

$IPOE/@SoFi

Trust Size: $805mn
PIPE Size: $1.25bn
SPAC % Ownership: 9.3%
Valuation: $8.7bn

$SNPR/@VoltaCharging

Trust Size: $345m
PIPE Size: $300m
SPAC % Ownership: 17%
Valuation: $1.4bn

$SBE/@ChargePointnet

Trust Size: $317mn
PIPE Size: $225mn
SPAC % Ownership: 10.3%
Valuation: $2.4bn

$RTP/@jobyaviation

Trust Size: $690mn
PIPE Size: $835mn
SPAC % Ownership: 10.3%
Valuation: $6.6bn

$SPAQ/@FiskerInc

Trust Size: $569mn
PIPE Size: $500mn
SPAC % Ownership: 19%
Valuation: $2.9bn

$CIIC/@arrival

Trust Size: $260mn
PIPE Size: $400mn
SPAC % Ownership: 4%
Valuation: $5.4bn

$DEAC/@DKSportsbook

Trust Size: $403mn
PIPE Size: $380mn
SPAC % Ownership: 13%
Valuation: $2.7bn

$LGVW/@ButterflyNetInc

Trust Size: $414mn
PIPE Size: $175mn
SPAC % Ownership: 20%
Valuation: $1.5bn

$DCRB/@hyzonmotors

Trust Size: $226mn
PIPE Size: $400mn
SPAC % Ownership: 8%
Valuation: $2.1bn