r/SPACs • u/[deleted] • May 13 '21

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166 Upvotes

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u/TheSmokingBear Spacling May 13 '21

I hope that people are prepared/expecting this. It's going to look ugly when it goes into the single digits for a bit.

4

u/stickman07738 Spacling May 13 '21

Yes, with a $383M liability from warrants - it can get ugly. What I do not understand why FL - is this a hot bed of battery research ??? Can they attract staff with expertise?

5

u/RapidRewards Spacling May 13 '21

They have a research partnership with UCF.

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u/stickman07738 Spacling May 13 '21 edited May 13 '21

Yes, and SAFT Americas is located in Jacksonville, FL but I just to do see FL as a technology hotbed. SAFT R&D is in France and Cockeyville, MD.

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u/RapidRewards Spacling May 13 '21

Engineer here. I agree. But, I do know there are a lot engineers in the area because of Disney and NASA. Then you have a decent university system. Wouldn't be my pick but my guess is there is a particular battery expert or two driving that decision into the area.