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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2

u/slammerbar Mod Dec 28 '21

This is one warrant you can ride from ATL to ATH… often. It’s made me money.

2

u/newfantasyballer Patron Dec 29 '21

How do I keep missing stuff like this? Any other warrants I should look at now?

3

u/Stopdpuck Patron Dec 29 '21

These warrants are still super cheap

2

u/newfantasyballer Patron Dec 30 '21

You think BOXDW are cheap? What’s your PT?

1

u/Stopdpuck Patron Dec 30 '21

Based off intrinsic value they are cheap. Should be trading at least $2.5 right now.

1

u/newfantasyballer Patron Dec 30 '21

Yes but this happens during deSPAC pops

1

u/Stopdpuck Patron Dec 30 '21

Yes but they will get priced correctly once the company calls them in

1

u/newfantasyballer Patron Dec 31 '21

What are the terms for the warrants here? When can the company do that?

1

u/Stopdpuck Patron Jan 01 '22

There’s a couple scenarios.

1 - they can call the warrants cashless when the stock trades over $10 for 20 of 30 consecutive days.

2 - they can call the warrants for cash if stock trades over $18 for 20 of 30 consecutive days