Today a letter of intent between $DMYT:NYSE and Rush Street Interactive was published
Rush Street Interactive and dMY Technology Group to Combine to Create a Growing Publicly Traded Online Gaming Company
https://www.businesswire.com/news/home/20200727005322/en/Rush-Street-Interactive-dMY-Technology-Group-Combine
Investor material:
The estimated future figures should probably be taken with a grain of salt 
Regarding FMCI, I’m quite bullish on it, especially since I got in on Friday 
I took a rather cautious position, though, because I believe these tend to move downwards more easily with market sentiment before the merger officially happens. I might make one more addition in light of these numbers, but I think I’ll wait to see if we get below 13 again or after the ticker change, when we see how the market officially “welcomes” the newcomer.
HCAC Hennessy Capital Acq.
Proterra, which has been a strong target company, announced a cooperation agreement
https://www.proterra.com/press-release/optimal-partners-with-proterra-for-electric-shuttles/
FMCI would have been tempting, but I don’t have enough chips for everything… Let’s see if I can still grab a position before the merger - assuming it drops closer to or below $13.
Fisker / SPAQ Investor Material Released
https://www.sec.gov/Archives/edgar/data/1720990/000121390020017292/ea124083ex99-3_spartanenergy.htm
And to make sure there’s no shortage of EV manufacturers, ex-Fisker, sold to China and now known as Karma Automotive, is joining the game. According to the news, they’re going public within the next six months.
This comment pretty much sums up the situation:
"We want to take advantage of the fact that the market is red hot right now, so we want to be fast," said Mikael Elley, Karma’s chief of staff.
https://www.investors.com/news/electric-cars-startup-karma-automotive-joins-race-next-tesla-stock/
Possibly, Kensington Capital KCAC could be a partner. An IPO is also possible, but KCAC’s own IPO in June would be quite timely if any discussions have already taken place.
That comment sounds great, but in my opinion, they are already a bit late and are trying to ride the hype… 
. Why are they better than others? And there are already many cars/brands on the market. I’m not buying into that EV idea right away, just like I’m not buying into Fisker. But we’ll keep an eye on it.
Kensington is North America-specific. Is Karma still considered Chinese?
Ownership in China, manufacturing in the US - figure that out and how strict the definition is 
Hmm… sarcasm should be made clear from the start 
. Karma doesn’t interest me at all initially, there are too many EV manufacturers. I’d rather see something related to the industry, like Chargepoint or similar for KCAC.
Here’s a good article regarding FVAC/MP Materials:
The article highlights, through financial fundamentals and past failures, why this is a truly risky investment.
The political dimension adds its own difficulty to the matter. The USA is trying to reduce its dependence on China, evidenced by, for example, its support for the Australian mining industry (Lynas). Who will be the US president after the autumn, and how will US-China relations develop in the future?
NFIN and Triterras predictably released a Definitive Agreement
Written release event: https://www.sec.gov/Archives/edgar/data/1776903/000121390020018949/ea124661ex99-1_netfinacq.htm
Investor material: https://netfinspac.com/pdf/presentation.pdf
Indeed, the reception in terms of share price was surprising, even though there are some challenges. An international merger, a somewhat challenging entity to understand, and blockchain still seems to be a sticking point for some. Possibly, the exclusion of Rhodium also had an impact.
Realized revenue and profit are limited relative to the valuation, but if the 2021 forecasts materialize, it looks significantly better. Well, there’s a long way to go…
The target settings for the current owners are interesting, material p. 29
Netfin is a large part of my SPAC investments; at least I won’t sell all shares yet. I’ll let the current situation simmer; the downside is very small at this stage. I’ll probably lighten some of my holdings given this reception, and some will remain for longer-term holding – possibly even beyond the merger.
Surprisingly few investors seem to be excited about NFIN / Triterras, even though its growth is fast, its operations are very profitable, and its valuation is not completely insane, especially with 2021 forecasts. I’m not familiar with the industry, but if they truly offer a good and disruptive solution (as they claim), strong growth could continue for a long time. Market limits won’t be met immediately.
The market didn’t receive it well. We already hit the safety margin, and haven’t risen much. Still, I’ll hold onto the shares. The idea was to lighten the load now, but it won’t be profitable at the current price.
New merger announced https://www.soctelemed.com/wp-content/uploads/2020/07/July_29_2020_Announcement_Conference_Call_Presentation.pdf
HCCO ticker.
SPAQ gained some life during the evening, first rising +6.07% and then reaching +3% in aftermarket (now +2.22%).
UTZ Quality Foods, Q2 sales, +11% YoY Q2, EBITDA +15%
SEC filing, includes graphics:
https://www.sec.gov/Archives/edgar/data/1739566/000110465920087821/tm2025973d3_425.htm
That was pleasant to read after yesterday’s $NFIN disappointment.
Slightly faster merger:
ARYA Sciences Acquisition Corp II (ARYBU)
IPO was in June, now the target company has been announced. Not even common shares and warrants are traded yet, only units are going.
https://www.sec.gov/Archives/edgar/data/1805387/000114036120017009/nc10013869x1_ex99-1.htm#Exhibit99.1
What would the value of nfin + triterras stock be on paper when the merger happens? I read somewhere around $7.5, but elsewhere I saw completely different figures. I can’t calculate something like that, if it’s even possible.
Forum Merger ||| looks like the paperwork with Tattooed Chef is already in the home stretch, as a new SPAC is being fired up.
