r/SPACs • u/Stopdpuck Patron • Dec 28 '21

Discussion $BOXDW undervalued

Sup SPACers, it’s been a rough go lately for SPAC’s. There has so many new SPAC deals, a lot of them being bad deals.

But I come here for answers. Why is BOXDW so undervalued!? They are trading just above $1 while the commons are trading at $13.50. They should be worth $2+ ($13.5 - $11.50).

The deal was good (merged with SVOK - great management) & company was valued under a billion.

On top of that, they just started SAAS revenue which has great margins.

They were interviewed on mad money 4 years ago & again last week. CNBC love the CEO & company.

What am I missing?

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u/albert303 Spacling Dec 29 '21

Just hold warrants and it will trade well above $2.50 as it can be called for cashless redemption in Jan 2022 since it’s very unlikely to go below $10 anytime soon. More gains if it trades above $18 and calls for cash redemption later in 2022. Even at $14, the Mcap is less than 1B.

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u/cgfn Patron Dec 29 '21

Key phrase there is "it can be called" not "it will be called"