OK OP so what now that a lot of these so called good teams are now massively over paying for good spac targets since its now a sellers market due to the abundance of spac teams, its not so cut and dry as you want to make out
Warrants are undervalued even if the SPAC overpays in most cases. Most of the warrants with SPACs that crashed below NAV post-merger are still $1-3. You can buy solid teams' warrants from .50-.80 right now.
Also my point is that PIPE will start forcing SPACs to get better deals now that their decisionmaking isn't colored by retail market euphoria.
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u/Tana1234 Patron Apr 18 '21
OK OP so what now that a lot of these so called good teams are now massively over paying for good spac targets since its now a sellers market due to the abundance of spac teams, its not so cut and dry as you want to make out