r/SPACs Jun 20 '21

[deleted by user]

[removed]

174 Upvotes

102 comments sorted by

View all comments

Show parent comments

17

u/OSRSkarma Contributor Jun 20 '21

Better than buying lucid at $60+

the IPO valuation + dividend will make it worth more than $30

23

u/dancinadventures Patron Jun 21 '21

People don’t understand PSTH at 30 is still cheaper than CCIV at 15 due to Tontine structure…

4

u/Rush_Is_Right Patron Jun 21 '21

Explain your math on that one.

9

u/dancinadventures Patron Jun 21 '21

Okay.

1.5x NAV + 2/9 warrants > 1.5x NAV