SPACs - The Art of The Steal - Analytics of DeSPACS
Posted: May 05, 2024
- DeSPACs, even well-known ones, typically underperform the market in the long run - Data analyzed on 448 DeSPACs showed an average return of -68.8% - Only 33 out of 448 DeSPACs were profitable as of 05/05/2024 - Some currently shilled SPACs (DJT, ALCC, SKGR) have potential issues and risks - Warns investors to be cautious and informed before investing in SPACs - Advises against buying stocks that are overvalued compared to the IPO offering price
Summarized top reddit comments: - ALCC potentially tied to AI through Sam Altman with connections to OpenAI - Insiders locked up for 6 months to a year, minimal dilution expected - Auditor Borgers audited many companies, unclear if auditing all SPACs - Comparison of SPACs vs traditional IPOs could be beneficial - Some investors may unload ALCC shares shortly after merger - NRC regulations could impact Oklo's success - Warning against investing in SPACs - One investor planning to sell ALCC shares if price rises
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