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Daniel Johnson

2 Apr, 3 tweets, 1 min read

#SPAC Class of '20 -
- Q1 '21 Stock performance
- '20 actual revenue verse SPAC presentation
- '21 updated guidance verse SPAC presentation

Average price at 3/31/21 = $14.57
Median price = $12.04
See notes at the bottom for highlight meanings
Sorted alphabetically

General trends noted by sectors -

- Gambling - beats + raises
- EV/clean energy - misses + materially lowered to completely removed guidance
- Financial - in line + reiterates
- Consumer - in line to beat + raises

There is a lot of complexity to each company and situation given COVID occurred during the year which affected some that announced before. This is only a high level guide. Refer to management's conference call and commentary on the Company's investor relations page for details

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More from @DJohnson_CPA

Daniel Johnson

@DJohnson_CPA

28 Feb

As a reminder, I have aggregated the investor presentation data for SPACs w/ DAs and it's available at spactrack.net/daniel. Below are screens that are available.

It's important to keep in mind that projections are based on many assumptions that must be evaluated.

Thread ⬇️

SPACs offer a competitive advantage over IPOs for certain companies given the ability to make forward projections. This makes SPAC mergers ideal for early-stage growth or capital intensive companies in developing sectors.

As a SPAC investor in the secondary market, it is important to think critically about these projections and ask basic questions to evaluate the reasonableness of these projections. Some basic questions to think about when reviewing the investor presentation…

Read 13 tweets

Daniel Johnson

@DJohnson_CPA

1 Jan

Here’s a SPAC thread covering some basics for new followers. I will pin this to my profile if you want to share to anyone interested in SPACs.

SPAC timelines consist of these stages:
IPO – SPAC raises cash and begins trading as a unit. The cash is placed in Trust.
Searching phase – After IPO, the SPAC management team looks for a company to merge with. This is typically 24 months but can be shorter depending on the SPAC

LOI/Rumor – A letter of intent is announced publicly or Bloomberg/Reuters etc. breaks news of a rumor that a SPAC is close to a deal with a target.

Read 13 tweets

Daniel Johnson

@DJohnson_CPA

28 Nov 20

Thank you all for the follows! 5K! Due to many new followers that may be new to SPACs, below is a mega thread to help with the basics, current environment, and other follows. I will pin this to my profile for this week if you want to share to anyone interested in SPACs.

SPAC timelines consist of these stages:
IPO – A SPAC raises cash and begins trading as a unit. The cash is placed in Trust
Searching – After IPO, the SPAC management team looks for a company to merge with. This is typically 24 months but can be shorter depending on the SPAC

LOI/Rumor – A letter of intent is announced publicly or Bloomberg/Reuters etc. breaks news of a rumor that a SPAC is close to a deal with a target.

Read 18 tweets

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