Shows
The SPAC PodcastSmall Cap Sentiment and SPAC OutcomesIn this SPAC Podcast Spotlight, Managing Director Dimitre Genov of Brookline Capital Markets explains how small- and mid-cap equity markets directly affect SPAC redemptions and aftermarket performance. He highlights how “risk-on” market conditions can lower redemptions, while volatility and rising interest rates often drive investors to redeem shares rather than hold post-merger equity.Dimitre also discusses how sector trends, valuations, and company narratives shape outcomes. De-SPACs in areas like AI, clean energy, and infrastructure have shown stronger performance, while others may trade sideways until milestones are met. The discussion underscores how sentiment, execution, and timing all play crit...
2025-12-1801 min
The SPAC PodcastHow Has the SPAC Investor Base ChangedIn this SPAC Podcast Spotlight, Managing Director Dimitre Genov of Brookline Capital Markets explains how the SPAC investor base has evolved over the last five years. While event-driven and arbitrage-focused funds remain core participants, other groups now approach SPACs as yield-oriented products or equity opportunities through warrants and rights.Dimitre also highlights recent shifts in PIPE activity, including growing participation from crypto-native funds, and discusses how sentiment indicators like the SPAC Research Warrant Index reflect renewed investor interest. His perspective provides a clear view of who is still showing up for SPACs in 2025 and what that means...
2025-11-2501 min
The SPAC PodcastSPAC Cycles ExplainedIn this SPAC Podcast Spotlight, Managing Director Dimitre Genov of Brookline Capital Markets breaks down the rise, fall, and correction of the SPAC market. He explains how SPACs were once primarily used for special situations, but during the 2021 boom became a go-to path for late-stage private companies, especially in tech, EV, and biotech.Dimitre highlights the factors that fueled the boom, including low interest rates and investor appetite, and the challenges that led to the pullback, from thin due diligence to inflated valuations. He also shares how today’s environment reflects stronger discipline among sponsors, more public-ready ta...
2025-11-1901 min
The SPAC PodcastSPAC Target Selection: Sectors, Suitability, and PitfallsIn this episode of The SPAC Podcast, Patrick Sturgeon, Managing Partner at Brookline Capital Markets, discusses what types of companies are best suited for going public through a SPAC merger. He explains why fundamentally strong businesses with good products, growth potential, and solid operating margins make attractive public companies.Patrick also highlights why certain asset-heavy sectors — such as banks, insurance companies, real estate, or asset-based businesses — may not be as well-suited to SPAC structures, where dilution from the sponsor promote could reduce value. His insights help clarify which companies align better with the SPAC model.Co...
2025-11-1202 min
The SPAC PodcastHow New SEC Rules Could Impact SPAC SponsorsIn this episode of The SPAC Podcast, Nick Morgan, Partner at Paul Hastings LLP and co-founder of ICAN (Investor Choice Advocates Network), explains how the SEC’s 2024 SPAC rules may affect small sponsors and entrepreneurs navigating the regulatory landscape.Nick emphasizes that while current SEC leadership may not pursue as many aggressive enforcement actions as in prior years, the rules themselves present challenges. In particular, changes to the PSLRA (Private Securities Litigation Reform Act) safe harbor for forward-looking statements raise serious legal questions.Commissioner Hester Peirce even voiced concerns in her dissent, suggesting that the SE...
2025-11-0501 min
The SPAC PodcastHow ICAN May Challenge SEC’s Final SPAC RulesIn this episode of The SPAC Podcast, Nick Morgan, Partner at Paul Hastings LLP and co-founder of ICAN (Investor Choice Advocates Network), outlines potential legal and advocacy strategies ICAN may pursue in response to the SEC’s new SPAC rules.Nick points to one central question: Does the SEC even have statutory authority to change PSLRA liability protections? ICAN is considering challenging that very issue, not from a sponsor’s perspective, but from the lens of investors whose choices may be restricted.He also notes that several high-profile rules from the Gensler-era SEC have already been...
2025-11-0301 min
The SPAC PodcastPost-Merger Services Every SPAC Team Should Plan ForIn this episode of The SPAC Podcast, Caitlyn Van Valin, Vice President at Odyssey Trust, explains why SPAC sponsors can’t afford to overlook what happens after the deal closes.While many focus heavily on the IPO and deal mechanics, Caitlyn emphasizes that post-merger shareholder recordkeeping and corporate actions are where the real operational lifecycle begins. She shares how Odyssey is uniquely positioned to support companies through that transition, offering the same capabilities as the largest transfer agents but with the personalized, integrated service of a boutique firm.From DRIPs and dividends to employee equity pl...
2025-10-3101 min
The SPAC PodcastForecasts SPAC Market Trends for 2025–2026In this episode of The SPAC Podcast, Adeel Rouf shares his forward-looking perspective on the SPAC market heading into late 2025 and 2026. With traditional IPO windows largely shut for mid-market companies, Adeel explains why SPACs are becoming increasingly relevant again, especially for private equity and family office-backed portfolio companies searching for liquidity.He projects a healthy wave of 70 to 100 SPACs as both digestible and impactful for today’s environment, and anticipates an increase in higher-quality companies entering the public markets via de-SPAC transactions. For investors, operators, and sponsors alike, Adeel’s insights offer a grounded yet optimistic outlook for...
2025-10-2401 min
The SPAC PodcastHow Underwriters Evaluate Risk for SPAC and de-SPAC CoverageIn this episode of The SPAC Podcast, Machua “Motsch” Millett of Lockton Companies explains how underwriters assess risk when pricing D&O insurance policies for SPACs and their de-SPAC targets. The evaluation process is vastly different depending on where the SPAC is in its lifecycle and Machua walks through both sides of that underwriting equation.For SPACs, there’s limited data, so the focus is on the sponsor team’s track record, industry focus, and prior deal outcomes. Underwriters also consider how speculative or volatile the target sectors may be (e.g., crypto vs. manufacturing). Once the SPAC ann...
2025-10-2201 min
The SPAC PodcastReal-Time Reporting and Visibility for SPAC SponsorsIn this episode of The SPAC Podcast, Caitlyn Van Valin, Vice President at Odyssey Trust, highlights how technology and transparency are reshaping the SPAC transfer agent and trust process.She explains how Odyssey’s state-of-the-art reporting portals give sponsors, legal teams, CFOs, and boards instant access to accurate reports, without waiting overnight. With more than 150 customizable reports available, Odyssey empowers sponsors with real-time data to support audits, board updates, shareholder reporting, and compliance visibility.For repeat sponsors used to limited reporting from traditional providers, this level of access and efficiency is a game-changer....
2025-10-1601 min
The SPAC PodcastSPAC Guest Spotlight: Louis CamhiIn this episode of The SPAC Podcast, Louis Camhi, Chief Investment Officer of RLH Capital, shares his journey from Wall Street to launching his own SPAC-focused fund. He reflects on his early career at Credit Suisse in M&A, his time at Three Corner Global and Citadel, and how those experiences shaped his approach to investing.Louis also explains why he launched RLH Capital in October 2021 to provide capital to SPACs across their life cycle — a move that came just as the SPAC market cooled. Now, as discussions continue around whether activity is picking back up, he of...
2025-10-1401 min
The SPAC PodcastRisk-Reward Equation for Serial SPAC SponsorsIn this episode of The SPAC Podcast, Adeel Rouf breaks down the real risk-reward tradeoff that comes with being a serial SPAC sponsor. Drawing on deep experience leading multiple SPACs, Adeel outlines the critical responsibilities and vulnerabilities that sponsors must prepare for if they want to succeed in today’s highly competitive landscape.He emphasizes that sponsors can’t rely solely on bankers or external networks to source deals, they need to build a robust, executable deal flow well before the IPO. Additionally, having strategic investors who trust your leadership and are ready to deploy capital quickly is j...
2025-10-0202 min
The SPAC PodcastWhat Could Spark a SPAC Comeback in 2025In this episode of The SPAC Podcast, Louis Camhi lays out a candid and nuanced outlook for the SPAC market heading into 2025 and beyond. He explains that while SPACs are simply another tool in the capital markets toolbox, recent macro events, including the 2024 election cycle and early 2025 volatility, have temporarily held back broader recovery.Louis points to signs of momentum returning: an uptick in IPO activity, renewed interest from private equity firms seeking liquidity, and notable success stories like Circle a former SPAC target now one of the best-performing IPOs. While he emphasizes that proof of a...
2025-10-0102 min
The SPAC PodcastThe Crypto-SPAC Convergence and What’s NextIn this episode of The SPAC Podcast, Louis Camhi breaks down the evolving relationship between SPACs and the crypto space and where investor attention is shifting next. He highlights recent high-profile transactions, including Cantor Fitzgerald’s CEP deal, which gave investors exposure to Bitcoin through a listed equity vehicle.Louis also points out that while digital asset treasury models initially gained traction, the market is starting to shift. Investors are now looking for operating crypto businesses with real cash flow, not just token exposure. With new SPAC sponsors entering the market from crypto-native backgrounds, Louis sees strong po...
2025-09-3001 min
The SPAC PodcastCustom D&O Coverage Protects SPAC and De-SPAC CompaniesIn this episode of The SPAC Podcast, Chaz, founder of Churchwell, explains why D&O insurance is highly customizable and why wording matters more than most sponsors realize.He shares real-world examples of how missing a single phrase, like “reverse merger,” has led carriers to deny SPAC-related claims. Chaz also describes how his firm works with clients post-de-SPAC, leveraging top D&O coverage attorneys to audit policies, uncover deficiencies, and fix them without raising costs.For SPAC sponsors and targets, this episode highlights how tailoring policy language can make the difference between full protection and no c...
2025-09-2901 min
The SPAC PodcastWhat Makes an Ideal SPAC TargetIn this episode of The SPAC Podcast, James outlines what makes the “ideal” SPAC target and why it’s often more about strategic fit and synergies than sector.For James, public-company-ready management is the non-negotiable starting point. But beyond that, he describes scenarios where SPACs create unique value:A company like William Scotsman, with $120M EBITDA and a bolt-on acquisition opportunity that could only be executed via a SPAC.Consolidation plays, where multiple mid-sized companies can’t acquire each other directly, but a SPAC structure can bring them together.The goal? To roll profitable businesses into a S...
2025-09-2602 min
The SPAC PodcastWhat’s Ahead for the SPAC Market in 2025In this episode of The SPAC Podcast, Caitlyn Van Valin, Vice President at Odyssey Trust, shares her outlook for the SPAC market over the remainder of the year.With Odyssey working on half of all active SPACs, Caitlyn provides a unique perspective on the pipeline. She notes that while SEC turnaround times have created a temporary bottleneck, the backlog of filed S-1s points to a very active Q3 and Q4.Her forecast? September and October will be “absolutely bananas”, with no one on the Odyssey team taking PTO as the wave of IPO activity hits...
2025-09-2400 min
The SPAC PodcastIs The Private Company Ready for a SPAC Merger?In this episode of The SPAC Podcast, Patrick Sturgeon, Managing Partner at Brookline Capital Markets, shares his advice for private company CEOs considering a SPAC merger. He stresses the importance of conducting due diligence on the sponsor team, while also being honest about whether the company is truly prepared to operate as a public entity.Patrick outlines the additional requirements that come with going public — from audited financials and organized data rooms to ongoing disclosure obligations and higher costs. His perspective highlights why readiness and preparation are essential before committing to the SPAC process.Co...
2025-09-2302 min
The SPAC PodcastSPAC Guest Spotlight: Caitlyn Van ValinIn this episode of The SPAC Podcast, we hear from Caitlyn Van Valin, Vice President at Odyssey Trust, on how her team is redefining what it means to be a responsive, scalable partner in the SPAC ecosystem.Caitlyn shares how Odyssey has grown into one of the most trusted firms in the space handling over half of all new SPAC listings in 2024. With roots in both transfer agent and trust services, Odyssey has built custom operational structures, called “SPAC pods”, that allow the firm to handle multiple redemptions, disbursements, and closings in a single week with precision and...
2025-09-1901 min
The SPAC PodcastWhy Biotech and FinTech Are Primed for SPAC DealsIn this episode of The SPAC Podcast, Adeel Rouf dives into two of his highest-conviction sectors for upcoming SPAC activity: healthcare (specifically biotech) and FinTech. While AI and crypto dominate the headlines, Adeel makes the case for why some of the most overlooked, and deeply discounted, opportunities exist in these quieter corners of the market.Biotech, he notes, has been heavily discounted since the market cooled in 2021–2023, leaving many high-quality companies undervalued and ready for smart capital. Meanwhile, the rapid evolution of digital assets and payment platforms makes FinTech a sector full of momentum. With SPACs already po...
2025-09-1702 min
The SPAC PodcastFrom Hedge Funds to SPAC InvestingIn this episode of The SPAC Podcast, we sit down with Louis Camhi, who shares the unexpected path that led him from covering fintech at major hedge funds to becoming a focused SPAC investor and fund manager. His story starts in 2014, when a call from a friend working on a SPAC deal sparked his curiosity. What followed was a deep dive into SPAC structures from units and warrants to downside protection and ultimately, a shift in his career trajectory.Louis recounts his time at Three Corner Global and Citadel, including a pivotal “aha moment” during a crowded inve...
2025-09-1602 min
The SPAC PodcastHard Lessons from 10 SPAC DealsIn this episode of The SPAC Podcast, Adeel Rouf opens up about the biggest lessons he’s learned across more than 10 SPAC transactions. Rather than highlighting wins, Adeel shares candid stories of missteps that taught him what truly matters in successful SPAC sponsorship.From rushing private companies to public markets before they were ready, to underestimating the pressure of quarterly reporting, Adeel emphasizes the importance of investor communication, management readiness, and strategic alignment. He also explains why having the right long-term investors on board is just as crucial as finding the right target.If you’re t...
2025-09-1502 min
The SPAC PodcastRaising Capital as an Asian SPAC SponsorIn this episode of The SPAC Podcast, Claudius Tsang, CEO of A SPAC Holdings Group Corp, discusses the unique challenges and opportunities of raising capital in the U.S. as an Asian SPAC sponsor. Claudius explains the importance of educating U.S.-based investors on the credibility and track record of emerging market sponsors especially when those investors may be unfamiliar with Asian-led SPAC teams.Drawing on his experience working with major U.S. funds earlier in his career, Claudius shares how that background has helped him build bridges with hedge funds and capital partners. He also...
2025-09-0901 min
The SPAC PodcastSPAC Guest Spotlight: Claudius TsangIn this episode of The SPAC Podcast, we spotlight Claudius Tsang, CEO of A SPAC Holdings Group Corp, and one of the most active SPAC sponsors in Asia. Claudius shares how he transitioned from private equity into the SPAC world, and what motivated him to launch seven Nasdaq-listed SPACs between 2021 and today.With over two decades of experience in private equity across Greater China and Emerging Markets, Claudius explains how SPACs became a powerful mechanism to help portfolio companies go public and to create thoughtful exit strategies for fund managers. From deal size variations to the role...
2025-09-0800 min
The SPAC PodcastSPAC Guest Spotlight: Adeel RoufIn this episode of The SPAC Podcast, Adeel Rouf, CEO and President of Voyager Acquisition Corp. and President & CFO of Titan Acquisition Corp., shares his background and journey into the SPAC world. From his early career in investment banking at Sumitomo Mitsui and J.P. Morgan to learning the nuances of SPACs at Cohen & Company, Adeel has built extensive experience as a sponsor and leader in the capital markets.Since 2020, he has been involved in more than 10 SPACs, raising over $2 billion in IPOs and executing more than $5 billion in de-SPAC transaction volume. Most recently, Voyager Acquisition Corp...
2025-09-0101 min
The SPAC PodcastSPAC Guest Spotlight: Patrick SturgeonIn this episode of The SPAC Podcast, Patrick Sturgeon, Managing Partner at Brookline Capital Markets, introduces his background and shares his experience navigating the SPAC landscape. With a career spanning investment banking and hands-on leadership as CFO of three SPACs that each completed acquisitions, Patrick has gained valuable insights from both the advisory and principal sides of the market.Patrick highlights how Brookline Capital Markets, a boutique New York-based investment bank, focuses on underwriting and advisory in the SPAC space, while his CFO roles provided first-hand perspective on the lifecycle of deals and the lessons learned along...
2025-08-2801 min
The SPAC PodcastSPAC Talk with Derek KearnsIn this episode of The SPAC Podcast, host Mike Blankenship is joined by Derek from Centri to walk through what really happens behind the scenes of a SPAC transaction. From the importance of early-stage capital markets readiness to preparing pro forma financials and navigating the SEC comment process, this conversation covers the critical technical and strategic steps in a successful de-SPAC.Derek shares why early involvement is essential—helping both SPAC sponsors and target companies align their reporting, systems, and disclosures before things become a fire drill. The episode also breaks down the impact of the SEC’s 20...
2025-08-2707 min
The SPAC PodcastWhat Investors Look for in a SPAC SponsorIn this SPAC Podcast Spotlight, Candice Beaumont, Chief Investment Officer of L Investments, shares the key fundamentals she evaluates when assessing SPAC sponsors. She explains why a proven track record in the SPAC space is critical, and why partnering with experienced operators — such as the Cohens — can make a significant difference in execution.Candice also highlights the importance of selecting the right service providers and legal teams, emphasizing that timing and efficiency are essential in SPACs given their two-year closing window. Her insights shed light on how sponsor experience and execution capabilities influence outcomes in the SPAC mark...
2025-08-2601 min
The SPAC PodcastSPAC Opportunities: Growth Areas and Global DemandIn this SPAC Podcast Spotlight, Managing Director Dimitre Genov of Brookline Capital Markets highlights the growth areas and global demand shaping SPAC activity in the coming months. He points to high-growth industries such as AI, nuclear energy, rare earths, digital assets, quantum computing, fintech, and digital health as sectors where SPACs could play an important role.Dimitre also discusses how traditional industrial businesses with steady cash flow, corporate spinoffs, and international companies from Europe, Asia, and Australia are increasingly turning to SPACs for U.S. listings. With sector tailwinds and global participation, SPACs continue to offer a...
2025-08-2501 min
The SPAC PodcastSPAC Guest Spotlight: Dimitre GenovIn this episode of The SPAC Podcast, we welcome Dimitre Genov, Managing Director at Brookline Capital Markets. Dimitre brings over 25 years of investment banking and buy-side experience, including time at Lazard, JP Morgan, Julius Baer, Magnetar, and Balyasny. Having become one of the most prolific investors in the SPAC market, he now uses his expertise and network to help sponsors identify and secure high-quality targets.From his early years on Wall Street to his current role advising sponsors, Dimitre shares insights into the SPAC lifecycle, the importance of sponsor relationships, and how buy-side experience informs deal-making today...
2025-08-2200 min
The SPAC PodcastWhat’s Fueling New SPAC IPOs?What’s behind the renewed interest in SPAC IPOs? In this episode of The SPAC Podcast, hosts Michael Blankenship and Joshua Bruce Wilson sit down with Cayman Islands attorney Alexandra Low to explore the current SPAC IPO landscape.Ali shares insights from the front lines—discussing sponsor behavior, timing considerations, and the growing momentum among repeat and first-time SPAC sponsors. From the role of private equity to the influence of political sentiment, this conversation breaks down the key drivers behind the recent wave of SPAC IPO filings.🎙️ Guest: Alexandra Low 🔗 Alexandra Low’s LinkedIn: ht...
2025-08-1801 min
The SPAC PodcastThe Shift in SPAC Deal Fee StructuresIn this episode of The SPAC Podcast, James Graf, CEO of Graf Global Corp., shares his perspective on how backend deal costs and promote economics are evolving for SPAC sponsors and founders. With over a decade of experience leading multiple SPACs and a background in investment banking at Deutsche Bank and Merrill Lynch, James brings a seasoned view on what’s driving competitive changes in the market.From the traditional three-and-a-half to four percent deferred IPO fee structure to today’s environment where reputable sponsors are negotiating little or no backend fees, James explains how this shift is i...
2025-08-1402 min
The SPAC PodcastWhat’s Driving Renewed Interest in the SPAC Market?In this episode of The SPAC Podcast, Candice Beaumont, Chief Investment Officer of L Investments and Chairwoman of Salsano Group, shares her perspective on the renewed energy in the SPAC market. With deep experience in capital markets, M&A, and board leadership, Candice discusses how the SPAC cycle has evolved from a major cooldown to an emerging wave of enthusiasm, particularly in certain high-growth sectors.She highlights the correlation between equity capital markets and SPAC activity, the resurgence of specific industries such as crypto and blockchain, and how changes in market conditions have opened the door for...
2025-08-1101 min
The SPAC PodcastDelaware or Cayman? What SPAC Sponsors Need to KnowIn this episode of The SPAC Podcast, co-hosts Michael Blankenship and Joshua Wilson are joined by Cayman-based attorney Alexandra Low to explore a key decision every SPAC sponsor must make: Where should the SPAC be incorporated—Delaware or Cayman?Alexandra draws from years of experience leading SPAC transactions in both jurisdictions, offering a grounded perspective on why many sponsors favor the Cayman Islands for its tax neutrality, fast turnaround for incorporation, and minimized exposure to litigation risk. She also discusses when Delaware may still be preferred, particularly for U.S.-centric sponsors seeking a business-friendly le...
2025-08-0801 min
The SPAC PodcastSPAC Guest Spotlight: Alexandra LowIn this episode of The SPAC Podcast, Michael Blankenship sits down with Alexandra Low, Counsel in the Capital Markets and Corporate team at Appleby’s Cayman Islands office. Ali leads the firm’s SPAC practice and brings extensive experience advising on both SPAC IPOs and de-SPAC transactions for public and private companies, sponsors, and asset managers.Ali shares how she transitioned from working in Canada at Goodmans and Stikeman Elliott to becoming a key legal advisor in the Cayman Islands during the height of the SPAC boom. Her legal journey includes deep experience across jurisdictions and asset clas...
2025-08-0701 min
The SPAC PodcastIt All Began With The First All-Female SPACIn this episode of The SPAC Podcast, Candice joins Mike Blankenship to share the unconventional and inspiring story of how she got involved in the SPAC world. It all started with Athena Acquisition Corp.—the first all-female SPAC—where she served as an advisor and got a firsthand look at the power of the asset class.Her experience led her to pitch the idea of launching a SPAC to the billionaire she worked with—offering him a million-dollar stock bonus just for sourcing a deal. The bold proposal flipped the script and sparked curiosity, ultimately leading him to lau...
2025-07-3101 min
The SPAC PodcastCan Anyone Start a SPAC? The Truth About SPAC SponsorsWho qualifies to lead a SPAC? It’s a question we hear often—and the answer might surprise you. In this short episode of The SPAC Podcast, we break down who can become a SPAC sponsor and what truly sets successful sponsors apart.From private equity professionals to former CEOs, venture capitalists, and even family offices and athletes, the sponsor pool is more diverse than many realize. But regardless of background, the key ingredients are the same: deal-making credibility, access to $5–10 million in risk capital, and a strong network. Tune in as we explore the evolving sponsor landsc...
2025-06-3001 min
The SPAC PodcastThis is The SPAC Podcast (Pre-Production)Welcome to The SPAC Podcast — where capital meets conversation.This show is your front-row seat to the world of Special Purpose Acquisition Companies, or SPACs.We explore the structures, stories, and strategies behind this powerful financial vehicle — from IPO to de-SPAC and beyond.We’re currently in pre-production for the official launch of the show — and already lining up guest appearances, event coverage, and updates from around the global SPAC ecosystem.Hosted by Michael Blankenship and Joshua Wilson, this podcast brings clarity and insight to the evol...
2025-05-1701 min
SPACInsider2025 SPAC Market Update with Dimitre Genov, Ed Kovary, and Nick SkiboIn this special follow-up edition of the SPACInsider Podcast, we check back in with Dimitre Genov, Ed Kovary, and Nick Skibo, who last joined us at the end of Q3 2024, to assess the state of the SPAC market in 2025 and the key dynamics shaping the landscape.
Our panel brings together perspectives from across the SPAC ecosystem—banking, investing, and advisory—to provide a well-rounded view of the latest market shifts.
Joining us are:
Ed Kovary, Head of SPAC Capital Markets at BTIG
Nick Skibo, Managing Partner at Gritstone Asset Management
Dimitre Genov, Managing Director at B...
2025-02-1241 minSPACInsiderSPAC Market Update with Dimitre Genov, Ed Kovary, and Nick SkiboThis week, SPACInsider founder Kristi Marvin speaks with a panel spanning the banking, investing and advisory sides of SPAC transactions.
She is joined by Ed Kovary, Head of SPAC Capital Markets at BTIG, Nick Skibo, Managing Partner at Gritstone Asset Management, and Dimitre Genov, a Managing Director at Brookline Capital Markets advising SPAC sponsors on IPOs and de-SPAC transactions.
Kristi checks in on how recent trends like the resurgence of anchor investors is perceived by the various participants in a SPAC transaction through to close, and what the SPAC landscape looks like now with the...
2024-09-2459 min
True Connections: Fostering Godlike Sexuality @ HomeConverse w/ me: Talking to Your Kids About Sex (Sexual Safety)Converse w/ Me: Brigham Elton, SPAC. This episode focuses on helping our children to be prepared for sexual choice with a knowledge of sexual risk.
If you would like more information please visit trueconnectionsrecovery.com and set up a free consultation!
2023-11-1419 minTrue Connections: Fostering Godlike Sexuality @ HomeRead w/ Me: Talking to Your Kids About Sex (Talking about Sexual Relationships)Read w/ Me: Brigham Elton, SPAC. This episode focuses on helping our children to gain a healthy relationship with their peers.
If you would like to purchase this book you can do so here: Talking To Your Kids About Sex
If you would like more information please visit trueconnectionsrecovery.com and set up a free consultation!
2023-11-0724 minTrue Connections: Fostering Godlike Sexuality @ HomeConverse W/ Me: Talking to Your Kids About Sex (Sexual Relations)Read w/ Me: Brigham Elton, SPAC. This episode focuses on helping our children to gain a healthy relationship with their peers.
If you would like to purchase this book you can do so here:Talking To Your Kids About Sex
If you would like more information please visit trueconnectionsrecovery.com and set up a free consultation!
2023-10-3127 minTrue Connections: Fostering Godlike Sexuality @ HomeRead w/ Me: Talking toYour Kids about Sex: Talking about Romantic RelationshipsRead w/ Me: Brigham Elton, SPAC. This episode focuses on helping our children to gain a healthy relationship with their peers.
If you would like to purchase this book you can do so here:
"https://www.amazon.com/Talking-Your-Kids-About-Sex/dp/0756657385/ref=sr_1_4?crid=1AOKW7QXCE2OB&keywords=talking+to+your+kids+about+sex+brotherson&qid=1695700536&sprefix=talking+to+your+kids+about+sex+brotherson%252Caps%252C124&sr=8-4&_encoding=UTF8&tag=trueconnect05-20&linkCode=ur2&linkId=5919a66137b64ebe238926ddefae0896&camp=1789&creative=9325">Talking to Your Kids About Sex
If you would like more information please v...
2023-10-2421 minTrue Connections: Fostering Godlike Sexuality @ HomeTalking to Your Kids About Sex: Talking about Social LifeRead w/ Me: Brigham Elton, SPAC. This episode focuses on helping our children to gain a healthy relationship with their peers.
If you would like to purchase this book you can do so here:Talking to Your Kids About Sex
If you would like more information please visit trueconnectionsrecovery.com and set up a free consultation!
2023-10-1015 minTrue Connections: Fostering Godlike Sexuality @ HomeRead w/ Me: Talking to Your Kids About Sex (Talking about the Media)Read w/ Me: Brigham Elton, SPAC. This episode focuses on helping our children to gain a healthy relationship with the media.
If you would like to purchase this book you can do so here:Talking to Your Kids About Sex
If you would like more information please visit trueconnectionsrecovery.com and set up a free consultation!
2023-09-2628 minTrue Connections: Fostering Godlike Sexuality @ HomeRead w/ Me: Talking to Your Kids About Sex (Talking about the Mind)Read w/ Me: Brigham Elton, SPAC. This episode focuses on helping our children to gain a healthy relationship with their body. Part 2
If you would like to purchase this book you can do so here:trueconnectionsrecovery.com and set up a free consultation!
2023-09-1927 minTrue Connections: Fostering Godlike Sexuality @ HomeRead w/ Me: Talking to Your Kids About Sex (Talking about the Body Part 2)Read w/ Me: Brigham Elton, SPAC. This episode focuses on helping our children to gain a healthy relationship with their body. Part 2
If you would like to purchase this book you can do so here:trueconnectionsrecovery.com and set up a free consultation!
2023-09-1232 minTrue Connections: Fostering Godlike Sexuality @ HomeRead w/ Me: Talking to your kids about Sex (Talking about the Body Part 1)Read w/ Me: Brigham Elton, SPAC. This episode focuses on helping our children to gain a healthy relationship with their body. Part 1
If you would like to purchase this book you can do so here:Talking to Your Kids about Sex
If you are looking for help overcoming the appeal of pornography please visit our website trueconnectionsrecovery.com and set up a free consultation!
2023-09-0537 minTrue Connections: Fostering Godlike Sexuality @ HomeStudy with Me: Fostering a Positive Perspective of SexualityStudy with Brigham Elton, SPAC. Together, go through this talk to learn more about what God’s View of Sex is and isn’t. Identify simple truths you can add to your mental ammo to combat and remove the appeal of pornography.
You can read this talk here: HERE
If you are looking for help overcoming the appeal of pornography please visit our website trueconnectionsrecovery.com and set up a free consultation!
2023-03-0623 minTrue Connections: Fostering Godlike Sexuality @ HomeStudy with Me: Sex and Love (secular)Study with Brigham Elton, SPAC. Together, go through this talk to learn more about what a healthy view of sex is and isn’t. Identify simple truths you can add to your mental ammo to combat and remove the appeal of pornography.
You can watch this video here:
You can read this talk here: https://healthysex.com/sex-love/
If you are looking for help overcoming the appeal of pornography please visit our website trueconnectionsrecovery.com and set up a free consultation!
2023-02-1924 minTrue Connections: Fostering Godlike Sexuality @ HomeStudy with Me: Bridling Your Passions (AUG 2020 Ensign)Study with Brigham Elton, SPAC. Together, go through this talk to learn more about what God’s View of Sex is and isn’t. Identify simple truths you can add to your mental ammo to combat and remove the appeal of pornography.
If you are looking for help overcoming the appeal of pornography please visit our website trueconnectionsrecovery.com and set up a free consultation!
2023-02-0522 minTrue Connections: Fostering Godlike Sexuality @ HomeStudy with Me: The Devine Gift and Sacred Responsibility of Sexual Intimacy (The Eternal Family 2022)Study with Brigham Elton, SPAC. Together, go through this talk to learn more about what God’s View of Sex is and isn’t. Identify simple truths you can add to your mental ammo to combat and remove the appeal of pornography.
You can watch this video here:Watch
You can read this talk here: Text
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2023-01-2922 min
PORA NA PODCAST - Homeschooling po polsku.Jak spać, żeby się wyspać? z Darią Łukowską #71Podejrzewam, że wszyscy słyszeli o zasadzie 3C. Czyli o tym, że żeby się wyspać w sypialni powinno być Cicho, Ciemno i Chłodno. Temat snu dotyczy nas wszystkich. Bo wszyscy spać musimy. Ale… edukacja domowa daje dzieciom i rodzicom bardzo wiele swobody w tym jak czasem snu zarządzać. Dlatego, w dzisiejszym odcinku Pora na Podcast zapraszam na rozmowę z Darią Łukowską, autorką kanału youtubowego ‘Forma na życie’ oraz książki ‘Jak spać żeby się wyspać?’.
(01:00) – Jak dziś spałaś?
(02:00) – Jak wygląda twój rytm snu i aktywności?
(04:10) – Jak spać żeby się wyspać?
(11:30) – Jak zarz...
2023-01-0752 min
Podnikatelská mysl: vzestupy a pády českých podnikatelůOliver Polyák: SPAC je v zahraničí velmi populární konceptCo je to SPAC a v čem tento koncept spočívá? Jak by popsal WOOD SPAC One? Jak vypadá firma, která může být součástí SPAC? Co může očekávat majitel firmy, jenž by uvažoval o SPAC, že se stane? Jak je využíván SPAC v zahraničí?
Oliver Polyák pracuje jako manažer v oddělení investičního bankovnictví WOOD & Company. Aktuálně se věnuje projektu WOOD SPAC One.
2022-08-3020 min
Fintech LeadersAmanda Abrams, CEO of Fintech Masala – The Future of SPACs and Public Markets, Analyzing the SPAC Boom of 2020/2021, & What Great CEOs Have in CommonSend us a textMiguel Armaza sits down with Amanda Abrams, CEO of Fintech Masala, a fintech-focused investment platform and one of the pioneers and most active firms behind several fintech SPACs since 2015. Some of their SPAC transactions, include CardConnect, Payoneer, Paya, and Perella Weinberg Partners.If filing 12 SPACs gets you the title of SPAC King, then Amanda and Fintech Masala Co-Founder, Betsy Cohen, are definitely the SPAC Queens with a total of 11 SPACs filed. The SPAC process and why Amanda suggests CEOs should still consider this r...
2022-08-1630 min
Equity Mates Investing PodcastExpert: Enrique Klix - Launching a SPAC for Aussie techThere’s been a lot of buzz around SPAC's - why are they so popular?You may have heard the term SPAC, but be unfamiliar with what exactly a SPAC is. In today’s episode Bryce & Alec are joined by Enrique Klix, who is the founder & CEO of Integral Acquisition Corp, a NASDAQ-listed SPAC (NASDAQ: INTE)Discover the mechanics of a SPAC, how these blank cheque companies work. What a SPAC IPO versus a traditional IPO looks like.What key considerations you should research before choosing to go the SPAC route.He...
2022-02-2341 min
天下文化‧相信閱讀【丁學文的財經世界】EP61 | 光陽集團與Harley Davidson哈雷機車戰略合作，將以SPAC方式在紐約證交所上市。/ 聯準會宣佈將縮減購債，預計明年3月結束量化寬鬆 (QE)一週財經聚焦 一、繼9月中Gogoro宣佈與Poema Global達成併購協議，正式合併完成後Gogoro為存續公司，在美國納斯達克上市之後，12月13日台灣光陽集團也宣佈與美國Harley Davidson哈雷機車公司完成戰略合作，將以SPAC方式在紐約證交所上市。台灣機車產業好不精彩，怎麼解讀這個項目？ 國際媒體相關報導 ●Forbes富比世雜誌：〈Harley’s ‘LiveWire’ Electric Motorcycle Brand To Go Public In SPAC Deal With KYMCO〉(哈雷的「LiveWire」電動摩托車品牌，將在與光陽的SPAC交易後上市。) ●CNBC：〈Why Harley-Davidson's EV motorcycle LiveWire is getting its own stock〉(為什麼哈雷的電動摩托車「LiveWire」將正式展開自己的道路) ●The Wall Street Journal華爾街日報：〈Harley-Davidson’s Electric-Vehicle Division to Go Public Via SPAC Merger〉(哈雷戴維森的電動汽車部門，將通過SPAC合併上市) 分析解讀 首先，我想在台灣長大的人都知道，台灣的機車密度居世界之冠，台灣的機車更是台灣小確幸不可缺的一環；但大家可能不知道，台灣的汽車與摩托車產業鍊其實勇冠全球，否則Tesla的第一款車Roadster也不會在台灣林口問世。 今天，台灣的Kymco和Gogoro能夠在這個電動車時代兵家必爭的領域，競逐全球電動機車第一家成功上市的寶座，確實值得我們與有榮焉。這讓我想起今年東京奧運，我看見台灣男雙羽球「麟洋配」，刷新台灣在奧運上的最佳總奪牌紀錄的感覺。 我說過好幾次，疫情揮之不去確實煩人，但現在確實是台灣產業有史以來，最有機會與能力走出台灣的機會，不只是我們本來就擁有自己都不知道的實力，更因為現在的台灣credibility正處於全球地緣政治夾擊中最頂峰的階段，這是老天爺賞給台灣的一口飯，我們就應該充滿自信，當仁不讓地大口吃下去。 曾經，機車常被視為移動汙染源，但隨著乾淨能源成為潮流，電動機車也找到重生機會，也被認為是未來最佳智慧化、綠能解決方案，就連印度的摩托車品牌TVS也宣布，將與BMW聯合開發電動摩托車。 疫情爆發以來，電動車相關產業，尤其特斯拉的一飛沖天，讓電動車的發展勢不可擋，而氣候變化更是催生各國政府政策補貼的重要因素，這讓傳統機車製造商在轉型壓力下，紛紛展開相互結盟。除了先進技術之外，怎麼和各個區域的合作夥伴結合，累積更多使用者經驗，已經變成後續兩年最精彩的所在。 這次，百年機車大廠哈雷旗下的電動車子公司LiveWire決定與台灣機車龍頭光陽攜手合作，透過SPAC方式，推進紐約證交所（NYSE）的IPO掛牌，這是一個非常漂亮的電動機車國際戰略合作案。併購後的新品牌LiveWire，將成為美國第一家掛牌上市的電動機車品牌，而光陽也有機會將KYMCO的品牌推向世界。 今天我想分三個層面，分別是：產業、資本運作以及對台灣後續的啟發，討論這個議題。 1、產業 這個投資案對光陽集團來說，除了成功讓台灣產業躍上國際舞台，還能在技術共享與股權增值上大有斬獲，並進一步成為全球電動機車的第一品牌，其象徵意義無比巨大。 事實上，哈雷在2019年就讓切割了電動機車部門LiveWire，可以看出發展電動機車的企圖心。哈雷總裁Jochen Zeitz更說，LiveWire 將會與光陽結合成兼具靈活與規模的戰略夥伴。哈雷機車擁有118年傳統，透過與光陽的戰略合作，受益於光陽的技術專業、製造能量、經銷網路、供應鏈基礎建設、全球物流能力等優勢，參與哈雷在全球的布局，加速摩托車電動化的全球轉型趨勢。 2、資本運作 在發展前景之外，外界更好奇，穩居台灣機車龍頭21年的光陽，如何與哈雷談成這次看來國際地位不對等的合作？ 事實上，去年光陽以3000萬美元入股東南亞共享乘車獨角獸Grab，協助台灣電動車產業供應鏈打入東南亞市場，就證明台灣產業確實有成為全球電動機車策略合作夥伴的能力。哈雷的項目，就是Grab雙軌戰略的再升級。 談判的過程相當複雜，除了雙方交涉的領域涉及了不同的法律、產業、投資、策略結盟、知識產權IP與上市IPO準備之外，還涉及了投資銀行與產業間的投資談判，確實比一開始想像的複雜多了。 3、後續啟發 大家有所不知，台灣的汽車廠競爭力雖然不強，但二輪機車的國際競爭力其實有目共睹，且不管是四輪或是二輪的供應鏈，都頗具世界水準；台灣唯一欠缺的就是戰略談判以及資本運作的能力。怎麼搭建一個既懂資本、更懂產業的「有機綜合體」，將是台灣產業晉升國際市場的關鍵。 而讓光陽和哈雷取得結盟共識的關鍵，我認為還是在於雙方合作後，在佔領全球電動機車制高點的完美匹配。哈雷機車的製造工藝無可厚非，但在軟體、電池、充電與更換電池等方面，光陽集團可以補足技術。更重要的是，哈雷急著尋求讓LiveWire成功上市的完美拼圖，而SPAC的投資人更在意的是掛牌後的故事。雙方結合之後，得以憑藉著各自的優勢，提高電動機車成功的機會。 這項合作，更讓光陽開始走一條與台灣產業界過往發展完全不一樣的道路。 眾所周知，過去台灣產業大都專注代工，所以在面對國際大品牌時習慣扮演賣方角色，在利潤極低的情況下，只能想方設法爭取擴大訂單。而透過此次合作，現在華爾街，甚至全世界都聽到了「KYMCO」的故事，這是台灣走出國際，創造自己品牌的最好機會。「台灣的產業基礎當然很好，但我們不能一直做著代工製造，這會讓台灣的下一代在大陸、印度、東南亞的競爭下越來越辛苦。」 而對光陽來說，這一次與哈雷攜手，除了技術提升、與哈雷共享研發之外，還能扮演ODM角色、並以股東身份分享股權增值，更重要的是還能參與戰略部署，並擁有一定的話語權。與其說是合作，其實是讓光陽與哈雷的二輪電動機車拼圖更加完整。 當然，上市最重要的是股價，股票投資人看的是未來，這部份就讓我們拭目以待；而光陽與哈雷的攜手，不管是大、小功率的機車產品、品牌沈澱一個都不缺，更重要的是全球涵蓋的故事相當完整。 另外，台灣產業界一直面臨著轉型、二代接班，以及人才培養的問題，年輕人需要的是更大的舞台，光陽與哈雷的合作希望能夠拋磚引玉，讓更多的台灣產業更有信心走上國際舞台，如此一來，台灣的年輕人才有更廣闊的發展空間。 二、美國聯準會宣佈今年最後一次貨幣政策決議，將縮減購債 (Taper) 幅度加倍至每月300 億美元，從1月開始每月購買600億美元的債券，預計明年3月結束量化寬鬆 (QE)。此外，也預期2022年將升息三次，看來政策已經更趨鷹派，以對抗居高不下的通膨。 國際媒體相關報導 ●Financial Times倫敦金融時報：〈Traders bet Fed will not raise rates as aggressively as forecast〉(交易圈押注，美國聯準會不會像預期的那樣激進地加息) ●Bloomberg彭博新聞社：〈Fed Doubles Taper, Signals Three 2022 Hikes in Inflation Pivot〉(美國聯準會加倍縮減，並暗示2022年通脹樞軸將進行三次升息) ●The Wall Street Journal華爾街日報：〈The Federal Reserve could make a mistake by tightening too aggressively, but even worse would be a Covid-19 outbreak that takes tightening off the table〉(美國聯準會可能會因過於激進地收緊而犯錯，但更糟糕的是，Covid-19的爆發，可能會讓他們取消收緊)
2021-12-2113 min
世界を拡張する情報キュレーションギャラリー ugomeki1-2. 儲かる箱に本質は流れ込むのか、SPAC、そして縄文土器と弥生土器儲かる箱に本質は流れ込むのか／SPAC／Virgin Galactic／Nikola Motor／プラットフォーム資本主義／シェアリングエコノミー／プラットフォーム協同組合主義／先に本質があってそのあと箱／量の価値観／中野信子さんと目［mé］／共有地の悲劇／蓄積の概念／縄文土器と弥生土器ゲスト：川村さんキュレーター：きむら参考リンク：米国で話題の特別買収目的会社（SPAC）とは？https://fundbook.co.jp/spac/新たな上場方法として注目を浴びるSPACとはhttps://www.arts-crafts.co.jp/post-10523/SPAC（特別買収目的会社）とは？ゼロから解説！https://www.bridge-salon.jp/toushi/spac/GAFA帝国への抗い デジタル・プラットフォームの未来を問い直すhttps://gendai.ismedia.jp/articles/-/64069プラットフォーム資本主義 vs プラットフォーム協同組合主義——本当のシェアとはhttps://www.geppo-moonwalk.com/colmn/platform-share/ささいなことが世界を変える。目[mé]×中野信子https://bijutsutecho.com/magazine/interview/24593コモンズの悲劇https://ja.wikipedia.org/wiki/%E3%82%B3%E3%83%A2%E3%83%B3%E3%82%BA%E3%81%AE%E6%82%B2%E5%8A%87感想や指摘は #ugomeki でツイート、またはDMやメールでTwitter: https://twitter.com/ugomekiartInstagram: https://www.instagram.com/ugomekiart/ugomekiart@gmail.com--- Send in a voice message: https://anchor.fm/ugomeki/message
2021-11-0431 min
Know Who Drives ReturnDeep Dive on the Aurora + RTPY SPAC Deal w/ Chris Urmson and Michael ThompsonAurora CEO Chris Urmson and Reinvent's (RTPY) Michael Thompson join David Drapkin to talk self-driving technology, why Aurora is setup for success, and the overall SPAC market. Aurora / Reinvent just announced their shareholder vote on the deal is happening on November 2nd. Reinvent Technology Partners Y (RTPY), is a special purpose acquisition company (SPAC) led by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus. More on Aurora: https://aurora.tech/ More on Reinvent: https://www.reinventtechnologypartners.com/ Discussion DetailsOverview of Aurora...
2021-10-1228 min
SPAC ISLANDEp. 9 | Real Estate SPACS: WeWorkWework, founded in 2010 in NYC, is a rapidly growing company offering co-working space around the world. Upon a merger with Bowx Acquisition Corp. (BowX), will this be the next SPAC to take off? Join Stan and Alex for this week’s analysis.Key Takeaways:00:15 Wework Bio02:53 How covid plays a part04:40 The numbers – Alex's take06:24 The numbers – Stan's take07:09 Meetup acquisition10:12 Life after turning a profit15:00 Moats21:28 Which makes more money- Full memberships? Or physical occupancy?29:43 The black mark... Is Adam Newman coming back?34...
2021-10-1241 min
老周的MONEY TALKSPAC到底是什麼？台灣第一獨角獸為何這樣上市？與會計師Heidi聊聊非典型掛牌 小額贊助老周，讓我們一起聆聽更多訪談、分享更多商業知識！ https://open.firstory.me/join/moneytalk 聽完了嗎？快留言給老周，你對這一集的想法： https://open.firstory.me/story/ckufl4er3f3980966clduj8gc?m=comment 再過幾個月，台灣第一獨角獸即將在美國以SPAC架構上市，這是受到台灣新創業界高度矚目的事件，究竟什麼是SPAC？以此架構掛牌有哪些缺點？這集節目，老周邀請非常熟悉相關議題的KPMG安侯建業創新與新創服務團隊協同主持會計師黃海寧Heidi，來和我們聊聊不可不知的SPAC重點！我自己也學習了很多，就讓我們預習明年第一季的財經大事吧！SPAC簡單來說是個「殼」公司，上市時並沒有主營業務；它的特殊之處在於是用「投資單位」(unit)而非「股」(share)上市，每一投資單位掛牌價格通常為10美元，投資人會以10美元換得內含1股普通股及1單位認購權證的資產，日後權證可以分開交易。因為權證成本極低，容易刺激普通股股價劇烈起伏，因此自從熱潮開始，股價暴漲暴跌情況便增加了。SPAC一上市，便必須在24個月之內找到被併購公司，否則就要被清算，發起人基於時間壓力，必須全球跑透透完成交易，但優質標的需要時間溝通，發起人往往決定甚至犧牲股東權益也在所不惜，因此屢屢傳出爭議、導致監管介入，這也是此架構成形已久，但以往並不盛行的原因。SPAC架構當中，包括發起人、上市後投資人、標的公司經營團隊與各輪大股東，且併購後還要現金增資，此後還有新投資人，一層層探究下來，想兼顧利害關係人的利益，難度相對高出許多。SPAC制度以美國為主，英國、韓國也早已放行，但美國仍是最大宗；在亞洲，新加坡在今年9月終於修訂生效了SPAC制度上市規定，但要求市值達1.5億新幣以上（美國為500萬美元），也刺激香港等市場思考是否應該跟進。疫情使得市場變數暴增，比起需要Roadshow尋求投資人支持的傳統IPO，往往需要一、二年才能達成，還要支付3%至8%傭金給承銷商，SPAC讓買賣（殼）雙方只要合意、耗時六到九個月即可上市，也沒有傭金成本，顯得簡易許多。此外，全球央行救市使得資金大水浸，許多創投、投行高手拿到資金，轉身就以符合法規的5%下限（25萬美元）成為SPAC發起人（美國SEC規定需要5位發起人，其中3位為該領域專家），有機會獲得併購後的數十、甚至百倍報酬，對發起人而言誘因極大。非常謝謝你讀到這裡。能在眾多影像和聲音節目中成為你的選擇，我老周何其有幸。想聽到更多精彩人物訪談、學到更即時商業知識嗎？歡迎你到Apple Podcast給本節目按五顆星，並且留下你想鼓勵或告訴我們的話，或者來信給我們，或是在INSTAGRAM搜尋"ourmoneytalk"然後私訊給我，等你的訊息！ --- Instagram: ourmoneytalk 粉絲團：bit.ly/2Y6Agql 合作聯繫：yourfinnotes@gmail.com #110 Powered by Firstory Hosting
2021-10-1222 min
SPAC ISLANDEp. 8 | Fintech Stock: UpstartIn this episode of SPAC Island, we dive into Upstart (UPST)- a rapidly growing B2B loan vetting company that uses powerful artificial intelligence. Join us as we discuss why this might be one of the biggest stocks of the decade.00:35 Upstart Breakdown04:07 Is Upstart worth it? Why?06:52 How it works10:00 Company Leadership12:30 The numbers14:05 Risk Assessment16:00 The future of Upstart22:01 Upstart’s CompetitorsLinks:SPAC Island - Website | Twitter | Leave Us a Review | Email UsUpstart – Website
2021-10-0624 min
SPAC ISLANDEp. 7 | Real Estate SPACS: NextdoorNextdoor Show NotesNextdoor, a San Francisco-based company is an app dedicated to connecting its users to others in their neighborhood. With a $4.3 billion deal, it will merge with Khosla Ventures Acquisition Co II to form the new entity, KIND. Join Stan and Alex for this deep dive into this SPAC to find out if this is a win or a flop.Key Takeaways:00:25 Bio03:45 The social media dilemma09:08 Leadership12:03 Investment Assessment18:20 Advertising in Nextdoor19:32 Defensibility & competition22:06 Stan & Alex’s stance & summaryThanks for lis...
2021-09-3024 min
SPAC ISLANDEp. 6 | Satellite SPACS: ASTSASTS Show NotesAST & Science (ASTS) is a company claiming to bridge the gap for all areas of the world that do not get cell service. Their goal is to create the first space-based cellular network, providing 4G & 5G speeds globally. Can this be the next big thing for cellular data? Is it feasible? Join Stan and Alex for an in-depth analysis of this company and the market around space driven cellular data!Key Takeaways:01:00 ASTS Bio/ Aspirations01:46 The problem to solve & company ambition06:40 The Blue Walkers10:25 5G speeds.. Is it...
2021-09-2429 min
天下文化‧相信閱讀EP46 | 新加坡將允許「SPAC」掛牌上市，在亞洲主要金融市場中創下首例，該如何看待SPAC未來發展？ / 美國8月份就業數據不佳，看來經濟情況確實不如預期。停滯性通貨膨脹會不會真的來臨？一週財經聚焦 一、9月2日，新加坡將允許所謂「SPAC」(空白支票公司)掛牌上市，在亞洲主要金融重鎮中創下首例，也再一次敲響了這本追逐戰的戰鼓。怎麼看待SPAC發展狀況？ 國際媒體相關報導 ●Financial Times倫敦金融時報：〈Singapore exchange to allow Spac listings〉(新加坡交易所允許Spac上市) ●CNBC：〈The fall of the SPAC market has digital media companies in disagreement about best path forward〉(SPAC市場的下滑，讓數位媒體公司在最佳前進道路上存在分歧) ●New York Times紐約時報：〈A SPAC Counterattack〉(一個SPAC的反擊) 分析解讀 不管Delta怎麼肆虐，不管各國經濟何去何從，不管會不會有通貨膨脹…..過多的資金仍然在追逐過少的未來項目。雖然美國SPAC看似放慢了速度，但亞洲資本市場的熱度仍然方興未艾。 大家都知道SPAC其實行之有年，這兩年突然異軍突起其實其來有自，就是資金太過浮濫。從你必須戰戰兢兢把企業做好才有資格遞交上市，到如今先給你一張空白支票再開始思考怎麼幹企業，後續的各種匪夷所思還將層出不窮！ 這就是為什麼Delta仍在肆虐，新加坡交易所（SGX）卻還是頂著逆風，公佈了SPAC新規定。但是，與此同時，美國主管當局卻正加強監管這類投資工具。 其實星交所在3月啟動公眾諮詢過程，歷經數月徵詢投資公司、銀行、律師等方面的意見後，如今訂出一套管理架構，對原先的規章草案做出一些修正。星交所法規監管部門執行長陳文生（Tan Boon Gin）說：「我們希望這種SPAC程式能吸引優質目標公司來SGX掛牌，提供投資人更多選擇與機會。」也就是，他希望全球資本能前進新加坡，使其成為金融中心。 眾所周知，SPAC是一種沒有營運業務的空殼公司（shell company），成立後，先透過首次公開發行股票（IPO）募集資金，然後物色有前景的未上市公司並加以收購，形同讓被併購的公司借殼上市。 支持者宣稱這比IPO更有效率，前些時候在華爾街蔚為風潮，但自從今年4月美國證管會（SEC）對SPAC採取更批判的態度後，已冷卻這股SPAC熱潮。 如今，新加坡成為亞洲第一個允許空白支票公司上市的重要金融中心。儘管韓國和馬來西亞也都允許SPAC上市，但根據Dealogic數據，這兩個國家已多年沒有一樁SPAC交易。 修改過後，新交所的SPAC市值門檻與美國標準更加一致。新交所表示，一方面要吸引高質量發起人，一方面要確保未來與SPAC合併的企業維持一定規模，對上市SPAC的最低市值要求，在這兩者之間取得平衡。 具體來看，新交所的SPAC框架主要涵蓋以下特點： 1.SPAC上市時市值不可低於1.5億新元。 2.SPAC必須在上市後的24個月內完成併購交易。如符合相關規定條件，期限可延長最多12個月。 3.在SPAC上市到併購交易後六個月內，發起人股份處於鎖股期。 4.根據SPAC的市值規模，發起人必須在SPAC上市時認購不低於2.5%至3.5%的股份（股票、單位或認股權證）。 5.只有獲得過半數獨立董事的批准和過半數股東的投票支持，才能進行併購交易。 6.股東所持有的認股權證可以與普通股分離，認股權證行權導致的股東稀釋影響不得超過50%。所有獨立股東均享有贖回權。 值得注意的是，新交所放行SPAC的大背景，是去年至今年一季度華爾街曾掀起一股SPAC熱潮；但隨後美國證券交易委員會(SEC)更具批評性的態度，已導致SPAC上市速度放慢。 4月12日，SEC表示正在制定一項新的指導方針，此前向早期交易投資者（如空白支票公司）發放的認股權證將不再被視為權益工具，同時從會計角度而言，認股權證可能從此前股本轉為負債。這種潛在的會計規則變更可能會對SPAC市場造成巨大打擊，SPAC審查要求低、速度快的優勢可能會蕩然無存。 一系列監管重拳，果然讓美國SPAC熱潮退卻。Dow Jones Market Data對SPAC Research數據所做的分析顯示，在2月中旬以前完成合併的137家SPAC的總市值已經蒸發25%，一場廣泛的拋售已經把藉助SPAC上市的公司市值抹去了約750億美元，上個月市值回落幅度更是一度超過1000億美元。這項分析不包括到2月中旬尚未完成合併的公司，也不包括已經退市的公司。在已經宣佈合併但尚未完成交易的SPAC中，約75%的股價低於上市價格。 但不可否認，在美國以外，不少地區仍對SPAC展現了不小熱情。7月27日英國宣佈放寬SPAC上市規則，以藉此吸引更多SPAC上市。 英國金融市場行為監管局(Financial Conduct Authority)表示，將不再要求SPAC在披露交易計劃時暫停上市，這一規定被視為推動SPAC在英國上市的信號，同時SPAC在首次上市時需要籌集的最低金額，也從2億英鎊降低到1億英鎊。 同期，一隻追蹤近期通過首次公開募股(IPO)上市的公司的交易所交易基金(ETF)下跌12%，道瓊斯指數則上漲13%。 像貝萊德(BlackRock Inc., BLK)和富達投資(Fidelity Investments Inc.)這類企業管理的基金，以及許多對沖基金、養老金管理公司和其他一些投資者，都在SPAC的回落中遭受了衝擊，他們在去年年底開始的熱潮中競相投資SPAC，而美國的SPAC表現欠佳。 一些投資者說，今年夏天SPAC被打回原形是一個不可避免的結果，許多與SPAC合併的公司收入很少，卻有數十億美元甚至更高的估值。有多起電動汽車初創公司就如此，他們在SPAC交易中誤導投資者的事件引起高度關注，而這些公司的財務業績卻乏善可陳，也難怪最近幾個月，監管機構加強了對這一行業的審查。 電影《大賣空 (The Big Short)》原型、著名大空頭 Michael Burry在8月15日於推特上表示，美股現在正處在「歷史上最大的泡沫當中」。 Burry在推特上也說到：「人們總是會問我現在市場上發生了什麼，這很簡單，股市正處在有史以來最大的投機泡沫當中，規模達到兩個數量級。」他還標注了標籤「FlyingPigs360」。 「FlyingPigs360」這個推特標籤，是引用了投資領域中的一句名言「牛市賺錢，熊市賺錢，但豬會被宰殺」，以此警告投資者不要太過貪婪，不要當被宰殺的豬。Burry指出，投資者目前太過貪婪，瘋狂投機，承擔太多風險，並追逐不切實際的回報。 Burry 在 4 月初時就曾對特斯拉、 GameStop、比特幣、狗狗幣、Robinhood、特殊目的收購公司 (SPAC)、通貨膨脹和整體股市發出警告，他將比特幣、電動車和迷因股 (meme) 的炒作與網路泡沫和房地產泡沫相比，並在今年初時警告表示，美股正在「刀刃上跳舞」。 有「商品大王」之稱的著名投資人羅傑斯 (Jim Rogers) 在先前也警告表示，圍繞熱門股票的炒作、散戶投資熱潮，以及 SPAC 借殼上市公司數量大增，都表明了美股泡沫正愈來愈大。如果買入了泡沫股票，投資者可能永遠都不會賺到錢。 另一方面，羅傑斯也指出，債券市場肯定也處於泡沫之中。他看好黃金和白銀的價格上升，並且有興趣購買中國股票，因為比美國和大多數其他國家的股票更便宜。 我怎麼看呢？ 現在的資本市場，從QE到紓困刺激方案，資金的確太多。資金當然會追逐有利可圖的目標，我承認，豬牛都上身當然不對的，但如果不錯的公司因為有了SPAC，使IPO的效應變
2021-09-0716 min
Handelsblatt Disrupt - Der Podcast über die Zukunft der WirtschaftHometogo-Chef Andrae zum Spac-IPO: "Natürlich war Geschwindigkeit ein Argument"Handelsblatt Disrupt vom 03.09.2021
Patrick Andrae soll Börsengeschichte in Deutschland schreiben: Im dritten Quartal könnte sein Marktplatz für Ferienwohnungen Hometogo der erste erfolgreiche Spac-Börsengang in Deutschland gelingen. Seit diese Börsengänge im Schnellverfahren in den USA einen Riesenhype erfahren, hat es in Deutschland noch keinen Versuch gegeben. Alle Augen ruhen auf Hometogo.
Konkret funktioniert die Sache so: Eine extra zu diesem Zweck gegründete Mantelfirma (Special Purpose Acquisition Company, kurz: Spac) sammelt an der Börse Geld ein. Dann macht sie sich auf die Suche nach einer Firma, die sie kaufen kann. Im Fall von...
2021-09-0346 min
Legal AlertsWebinar: Understanding SPACs - SPAC Opportunities for Turkish BusinessesOur Understanding SPACs - SPAC Opportunities for Turkish Businesses webinar will take place on 1 June, 2021, Tuesday at 14.00 pm (Turkey) / 12:00 pm (UK) time.The majority of us will still be working from home for the foreseeable future. Although our physical reach is limited, we can still prepare ourselves for what's ahead in the ECM arena. We therefore want to help you prepare by offering a webinar on SPACs and how they work.A Special Purpose Acquisition Company (SPAC) raises capital through an initial public offering (IPO) for the purpose of acquiring an existing operating company. Subsequently...
2021-06-151h 12
SPACs AttackExclusive Interview: Sports E-Commerce SPAC $YACOn SPACs Attack:Sports E-Commerce Company SIGNA Sports United Going Public Via SPAC: What You Should Know and other SPAC headlines and stocks to follow. Chris & Mitch dive deep into the e-commerce sport spac that is SIGNA SPORTS UNITED.Featured Guest: STEPHAN ZOLL 15:00CHIEF EXECUTIVE OFFICER (CEO) of Signa Sports UnitedLet us know if you think you have a SPAC Stock that should be on our WATCHLIST? EMAIL us at spacsattack@benzinga.comThis...
2021-06-141h 01
Mintz On AirSPAC Chat Ep. 5: Tempering the SPAC HypePlease join your favorite SPAC corporate attorneys, Tom Burton, Sahir Surmeli, and Jeff Schultz as they set the record straight on SPACs’ apparent boom and bust, heavily reported on in the media. In this episode, they will address the few reasons why SPAC transactions have slowed down, including the SEC’s heightened scrutiny, the question over company valuations, and recent market shifts. They will also explore the advantages now present in this new SPAC era.
The Mintz team has handled numerous multibillion-dollar SPAC transactions in recent months, including for XL Fleet and Butterfly Network, as well as the...
2021-06-0420 min
SPAC ISLANDEp. 3 | SPAC Speculation: AACE's Target AcquisitionJoel Marcus, a real estate mogul and biotech venture investor, helms a new SPAC - Alexandria Agtech/Climate Innovation Acquisition (AACE). Now the question is, which company will this SPAC merge with? Could it acquire one of Joel's VC firm portfolio companies like Indigo, Inari, or Greenlight Biosciences? In this episode, we'll walk you through this potential acquisition targets. Let's speculate wildly!
2021-06-0442 min
SPAC ISLANDEp. 2 | Farming SPACs: AppHarvest vs. AeroFarmWhich is more profitable? Greenhouses or Vertical Farms?What moats can indoor farming companies have?Is indoor farming more profitable?We’ll answer these questions as we uncover which company we think is a better long-term investment: App Harvest or Aerfofarm.References:AppHarvest SPAC investor presentation - https://investors.appharvest.com/static-files/8db681b8-4ea3-452f-a3e6-3a151d8866d9Aerofarm SPAC investor presentation - https://www.aerofarms.com/wp-content/uploads/2021/05/AeroFarms-Investor-Presentation.pdf
2021-05-2147 min
SPAC ISLANDEp. 1 | Electrical Vehicle SPACs: A Deep DiveIn this episode, we review all the past and future Electric Vehicle SPAC merger targets and companies such as Lucid Motors (CCIV), Lordstown Motors(RIDE), Canoo (GOEV), Proterra (PTRA), Xos (NGAC) and Lion Electric (LEV).
2021-05-071h 33
Broken Pie ChartWhat are SPAC Special Purpose Acquisition Companies?SPACs or Special Purpose Acquisition Companies 2021 growth has outpaced even 2020's record year. So, what are SPAC companies? Are SPAC companies good or bad? What are some famous SPAC companies? SPAC Special Purpose Acquisition Companies SPAC timeline from creation to IPO of new company What Happens if the SPAC cannot find an acquisition target? SPAC companies have record 2021 with over $100billion raised. SEC looking at SPAC companies according to WSJ What am I buying with a SPAC? Why do they call SP...
2021-05-0419 min
CIOs and Bow TiesSPAC transactions come to a halt amid SEC crackdown, cooling retail investor interest #retailhttps://cnb.cx/3dQCsKZ
YouTube (Come Learn With Me)
points form the article:- SPAC transactions come to a halt amid SEC crackdown, cooling retail investor interest- After a record of 109 new SPAC deals in March alone, issuance has now come to almost a standstill with just 10 SPACs in April, according to data from SPAC Research.- The SEC issued accounting guidance that would classify SPAC warrants as liabilities instead of equity instruments.- Bank of America’s client flows showed that retail SPAC buying slow...
2021-05-0306 min
創業新聲帶'21 SP002 特別企劃｜SPAC上市正熱！給台灣新創的切身建議：專訪勤業眾信稅務部資深會計師徐有德2020年開始在美國股市大爆發的SPAC，到了2021年繼續延燒，而且越燒越旺。
根據數位時代報導，光是今年第一季，Nasdaq的掛牌數量就創新高，而且其中八成都是SPAC。
SPAC到底是什麼？除了疫情，是什麼因素讓美國證券市場的SPAC熱潮持續不墜？
也許你已經聽過很多節目、讀過很多報導，告訴你關於什麼是SPAC，還有SPAC熱潮下的諸多案例，
但是身為台灣新創，SPAC到底跟我有什麼關係？有什麼需要注意的發展或者機會嗎？
從稅務與法律的專業角度來看，又有什麼應該要注意的地方？
歡迎收聽創業新聲帶SPAC特別企劃！
延伸閱讀｜勤業眾信觀點：台灣新創可以在美國 SPAC 嗎？
關於創業小聚：https://meet.bnext.com.tw
訂閱、收聽、分享、給五星：https://linktr.ee/meetonair
Credit｜
來賓：勤業眾信稅務部資深會計師徐有德 Andy
企劃、主持、剪輯製作：陳凱爾
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2021-05-0335 minMintz On AirSPAC Chat Ep. 4: Litigation Update: Preparing for the Next Wave of Suits Against SPACsIt seems that everyone is taking a second look at SPACs as the number of lawsuits against these alternative IPOs continues to increase by the day. The SEC has recently commented on the liability risks of SPACs under the securities laws following the agency’s heightened scrutiny of these blank-check companies. What exactly is happening, and how can SPAC actors mitigate the ever-increasing risk of litigation?
This latest episode of SPAC Chat features your two favorite corporate attorneys in the forefront of SPACs, Jeff Schultz and Sahir Surmeli, along with two of Mintz’s leading litigators, Doug Baum...
2021-04-2716 min
SPAC PodcastSPAC Podcast: Current State of SPACs, SEC regulation, Chamath under fire, DogeDay + Special Guests El Professor & Ms. Meg Trades► SEGMENTS: (Click links to navigate to that segment)
00:00 - Intro
01:00 - Special guests (quick background on @_El_Profesorr & @MsMegTrades)
04:30 - Current state of the SPAC market:
What caused this 10-week SPACpocalypse?
What behavioral changes we've observed in SPAC investors
How to hedge yourself during this turbulent period
16:05 - SEC regulation, market behavior changing, life cycle of SPACs
34:32 - SPAC catalysts are no longer guaranteed price bumps
36:10 - Chamath discussion (was the face of the 2020 SPAC frenzy; but how come he's become the face of the SPAC market bust?)
46:43 - I...
2021-04-211h 18CIOs and Bow TiesWhy Are So Many SPAC Targets EV Companies?https://bit.ly/39KpYlL
Come learn with me
points form the article:- Why Are So Many SPAC Targets EV Companies?- Electric-truck maker Nikola Motor Co. went public through a SPAC merger in summer 2020, and was one of a few high-profile SPAC transactions that helped make blank-check company mergers en vogue (DraftKings and Virgin Galactic were the other two).- Revenue projections vs. actual revenue- The way that they’re able to go public through a SPAC is the SPAC process allows them to use...
2021-04-1206 minSPAC PodcastSPAC Podcast: Episode 2, with Alex Cutler & SPAC Mania (April 8, 2021)EPISODE SUMMARY:
This is our second episode of the new SPAC Podcast, hosted by Alex Cutler and SPACmania. In this episode we tackle Cathie Wood's new Space ETF and the SPACs that may join that ETF in the near future. We also discuss major merger news this week (Grab, Topps, and LumiraDx), as well as new updates in the world of legalized sports betting. Lastly, we end the podcast with a comprehensive breakdown on the economics of buying electric vehicles, and explore a new segment of the show where we review and discuss Twitter polls from earlier t...
2021-04-091h 08SPAC PodcastSPAC Podcast: Episode 1, with Alex Cutler & SPAC Mania (April 5, 2021)This is the pilot episode of our new SPAC Podcast, hosted by Alex Cutler and SPACmania. We created this podcast to tackle the weekly buzz on SPAC investing. All listeners are encouraged to engage with us on Twitter, ask us questions and more importantly let us know want you want us to talk about! Our new podcast is available weekly on Wednesdays or Thursdays via YouTube, Apple Podcast and Spotify. Follow the SPAC Podcast on Twitter (all links listed below). Lastly, this is our pilot episode - it's a little rough around the edges, but rest assured we're invested...
2021-04-0539 min
Слушай брокераИнвесторы скупают акции SPAC. Но это же компании-пустышки! Слушай брокераВ 2020 году случился настоящий бум: инвесторы стали массово вкладываться в компании SPAC, которые не ведут вообще никакого бизнеса. В новом выпуске подкаста «Слушай брокера» разбираемся в причинах явления, оцениваем риски и перспективы таких инвестиций вместе с нашим специальным гостем – старшим персональным брокером БКС Мир инвестиций Максимом Чекушиным. 5:21 Что такое SPAC и почему вокруг этих компаний возник ажиотаж?8:56 Какие риски несут инвесторы, решившие вложиться в SPAC?11:56 Как выбрать SPAC?14:27 Почему SPAC стали популярными именно в 2020 году?18:37 На какой стадии лучше всего заходить в SPAC?19:33 Могут ли российские компании выходить на биржу через SPAC? Ведущая выпуска: Елизавета Рудых, инвестиционный консультант БКС Мир инвестиций.Интро для выпуска предоставили наши друзья из коллектива DVAIODIN: instagram.com/dvaiodin.music Откройте брокерский счёт онлайн и начните инвестировать с мобильным приложением БКС Мир инвестиций.Для вас:• режим для начинающих и опытных инвесторов• витрина продуктов и инвестидей• раздел ленты новостей и обучение по шагамСкачать приложение: http://bit.ly/BCScast
2021-03-3121 minMintz On AirSPAC Chat Ep. 3: Tracking Trends of the SPAC SurgeThere is no denying the surge in special purpose acquisition companies (SPACs) and that these financing vehicles have had a significant impact on financial markets. Join your favorite SPAC attorneys as they discuss the key trends highlighted in Mintz’s comprehensive new SPAC report produced in collaboration with PitchBook, Breaking Down the SPAC Surge: A Review of Key Trends & Issues Defining the Phenomenon.
Topics covered will include:
- The steady rise of capital
- Redefining company valuations
- The strength of the PIPE market
- Ever-evolving risks
Tom Burton, Jeff Schultz, Sah...
2021-03-2919 min
Silicon Valley VC Talkep.5: SPACを徹底解剖、その仕組みから成功・失敗事例まで、どんなSPACが成功するの？を議論シリコンバレー在住のVC3人が話題のスタートアップ、トレンドを議論。第5回は昨年から話題になっているSPACを取り上げます。毎週、SF時間の金曜日夕方5時、日本時間の土曜日朝9時にClubhouseでライブで話しています。 SPACの歴史 仕組みと設立の流れ IPO済みSPACの特徴・傾向 成功事例（DraftKings）・失敗事例（Nikola Motor） 良いSPACの見極め方
2021-03-2559 minMintz On AirSPAC Chat Ep. 2: The Controversy Over Sponsor EquityDoes a minimal investment in a Special Purpose Acquisition Company (SPAC) entitle a sponsor to a tremendous amount of equity after a successful IPO? Hypothetically speaking, will an investment of $25,000 for founder shares result in approximately $40 million of equity value upon completion of a $200 million SPAC IPO? What is at risk for SPAC sponsors and what are the controversies surrounding sponsor equity?
Join Mintz’s Thomas Burton, Sahir Surmeli, and Jeffrey Schultz for the second episode of SPAC Chat as they dive into the risks and high rewards affiliated with being a SPAC sponsor. Topics covered will in...
2021-03-0916 min
矽谷為什麼？EP43- 美股SPAC上市熱潮解析, 反向併購的優缺點和SPAC飆股討論 | 主持人 詹益鑑 IC & 矽谷美味人妻KT從疫情爆發後， SPAC上市熱潮從2019年的59家，暴增到2020年249家。ICKT將在本集討論美國SPAC上市熱潮，以及SPAC反向併購和傳統IPO上市的優缺點比較。著名的SPAC天王 Chamath的策略是什麼? 還有大家熟悉的SPAC飆股討論。 本集重點: ✅ 美國SPAC上市熱潮趨勢 ✅ SPAC反向併購是什麼? ✅ 跟傳統IPO上市的優缺點比較 ✅ SPAC天王 Chamath Palihapitiya & Social Capital ✅ 著名的SPAC飆股 ========================================== 歡迎與我們討論 「矽谷為什麼」 FB粉絲頁 bit.ly/39xLlDR 「台矽交流平台」社團 https://bit.ly/3oBAFvM ========================================== 主持人介紹: 詹益鑑 IC 工程加商管背景。2004-2019 在台灣經歷三次創業（Ardic, AppWorks, FitMily）、四種產業（光電、生技、網路、政府）、五家創投（誠信、台工銀、聯訊、之初、台杉），並曾經擔任 BioHub Taiwan 助理執行長、Startup Genome 台灣新創生態系大使，8年內參訪12個國家（美中日、紐星、英德法荷比、瑞典、以色列）、 三十個城市，千禧年至今拜訪矽谷超過十次，在科技部支持下，去年底開始旅居矽谷，在 UC Berkeley 擔任訪問學者，進行新創生態系跟生醫產業的連結與研究，並加速台灣的產業人才與早期資金的國際化 Dr. IC 粉絲頁: www.facebook.com/dr.ic.page/ 矽谷美味人妻 KT 謝凱婷 美味生活HowLiving創辦人，也是知名料理生活家和食譜作家。目前定居在美國矽谷快20年，並擔任矽谷趨勢節目「矽谷為什麼」主持人，定期在FB上分享很多關於美國矽谷趨勢。在2015年創辦美味生活HowLiving, 致力發展全球華人料理生活圈, 將料理從平面走向數位化，開創許多嶄新原生內容創意， 如短影音食譜， 料理直播節目，深受全球華人喜愛。 接受超過100+ 台灣,美國,日本,中國等國際媒體訪問，並獲得國際創投的投資, 包括心元資本，美商中經合集團，阿里巴巴台灣創業者基金。 美味生活 全球華人料理家居平台 www.how-living.com 矽谷美味人妻 FB: www.facebook.com/kthu1031/ ========================================== 在這邊也能收聽到我們的最新節目唷！ Youtube→ meetstartup.pse.is/3e6f38 Firstory→ meetstartup.pse.is/3fzp96 Apple Podcast→ meetstartup.pse.is/QEX8Y SoundCloud→ meetstartup.pse.is/R5AQ4 Spotify→ meetstartup.pse.is/RFBKL Castbox→ meetstartup.pse.is/QHQL6 SoundOn→ meetstartup.pse.is/QQX2G ========================================== 感謝 #國發會 Startup Island TAIWAN 和 #數位時代 #創業小聚 Meet Startup 獨家贊助本節目！ Powered by Firstory Hosting
2021-02-2536 min
NextWave Private EquityWhy PE is on the SPAC inside track In this episode, Karim Anani and Alex Zuluaga, EY Global SPAC Practice Co-Leaders, explore why SPACs attract PE investors and advise how they should manage SPAC transactions. Contact Karim: karim.anani@ey.com Contact Alex: alex.zuluaga@ey.com Visit ey.com to read our latest private equity perspectives. Special Purpose Acquisition Companies (SPACs) are rapidly evolving from an interesting option to a desired path of taking a company public. This malleable vehicle is becoming better understood, more widely accepted and is proving to be a highly adaptable way to meet the needs...
2021-02-2524 min
WOLVES OF INVESTINGSPAC Units Explained for Beginners in 2021In this podcast I answer these 9 common questions about SPAC Units:
2:01 WHAT ARE SPAC UNITS?
4:01 WHEN DO SPAC UNITS START TRADING?
4:32 WHERE TO BUY SPAC UNITS AND HOW TO TRADE THEM
6:10 HOW TO SEPARATE A SPAC UNIT
7:51 SHOULD I SEPARATE THE SPAC UNITS?
8:29 WHAT HAPPENS TO THE SPAC UNITS AFTER THE BUSINESS COMBO?
9:06 SPAC UNITS AFTER THE COMMON STOCK AND WARRANTS START TRADING?
10:46 BENEFITS OF SPAC UNIT INVESTING
12:01 PITFALLS OF SPAC UNIT INVESTING
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2021-02-2515 min
天下文化‧相信閱讀EP14│聯準會前主席葉倫可望接任美國財政部長；全球財經界最紅的四個字母，也是這波全球資金浪潮的怪現象：SPAC，你知道是什麼嗎?一週財經聚焦 一、1/23，美國參議院財政委員會，以26票全票通過任命聯儲局前主席Janet Yellen為財長的確認程序，有關提名將會送交參議院全體表決，若果葉倫的提名得到通過，葉倫將成為美國首位擔任財長的女性。我想和大家談談她就任後的貿易、美元與虛擬貨幣議題。 國際媒體相關報導 ●CNBC：〈Janet Yellen's nomination as first female Treasury secretary clears key Senate hurdle Janet Yellen〉(成功被提名為財政部長，這樣一個首位女性財政部長，清除了參議院的主要障礙) ●日經：〈Yellen vows 'full array of tools' to curb China's abusive practices〉(Yellen 宣示將使用所有武器，遏制中國的濫用權利) 拜登的財政部門把北京視為最重要的策略競爭對手 ●華爾街日報：〈Yellen to Make Clear U.S. Doesn’t Seek Weak Dollar〉(Yellen 明確宣示不會刻意追求弱勢美元) 在參議院聽證會上，準財政部長表示將讓市場決定美元走勢) 分析解讀 美國聯邦參議院財政委員會1月22日一致通過葉倫出任財政部長的人事案，意味她週一（25日）將可輕鬆獲得參院全院同意，成為美國首位女性財長。 在上周參議院人事聽證會期間，葉倫表示，拜登政府將全面檢視前總統川普對中國大陸貿易政策，包括中國執行美中第一階段貿易協議的程度。各界也認為，拜登政府會繼續保持對中國加徵關稅。 現年74歲的葉倫，需要推行的計畫包括調高最低工資、大幅擴大加給薪的事假和病假等內容，而這些社會安全項目已引起共和黨反對。 以下是我認為葉倫即將面對的其他關鍵問題： 第一，赤字財政 葉倫將呼應拜登，以舉債成本便宜為由，強調目前正是增加公共開支以振興經濟的良機。但葉倫勢必受到質疑，債務即將超過GDP的100%，安全限度到底在哪裡。根據講稿，她將承認自己瞭解「美國的債務負擔」。 第二，匯率政策和匯率報告 在美國的匯率政策上，葉倫多年來態度不一，有時候甚至直接支持弱勢美元。現在她可能面臨一些壓力，要她恢復支持強勢美元；但她過去也曾強調美元走強。 第三，美中貿易關係 財政部不直接負責貿易談判，但通常會參與其中，而且財政部長過去一直是領銜與中國對話的經濟官員。目前尚不清楚拜登政府是否計劃恢復某種形式的定期對話，以及葉倫在此框架中的角色。 第四，監管和稅收 財政部長通常在金融監管和稅收政策方面舉足輕重，預計拜登政府將加強對金融機構的監管，並且已承諾將撤回川普的許多減稅措施。 此外，葉倫還將擔任金融穩定監督委員會的負責人，這是一個旨在監控金融風險的跨部門機構。她可能被問到加強監管權的問題，以及氣候變化是否會成為監管新領域。 我特別注意三個重點，分別是美元、貿易政策和虛擬貨幣。 美國準財長葉倫已明白表示，弱勢美元並非世界末日，且美國必須努力對抗中國大陸勢力。這顯然表示前總統川普卸任後，並未人去政息，葉倫仍將延續川普的某些政策路線。 葉倫在參議院的證詞中，刻意避開了「強勢美元」的措辭，不想被冠以「弱勢美元」來強化貿易競爭力的帽子，但她也暗示，如果市場力量導致美元貶值，她也不反對。你看，技術官僚的措辭已經出現。 針對中國大陸，葉倫的證詞更是直白，「我們必須對付中國的濫用、不公且非法的行為。中國藉由傾銷產品，設置貿易障礙，以及對企業提供非法補貼，來侵害美國企業；中國一直在竊取智慧財產，並從事一些使中國取得不公平科技優勢的行為，包括強制技術轉移等。且我們對這些行為，包括中國的廉價勞工及環保標準等，正準備使用全方位的工具來因應」。這意味對亞洲投資人而言，美國的關鍵政策與前朝政府相比，可能不會有太大改變。 對於虛擬貨幣，葉倫曾經在19 日參議院財政委員會（Senate Finance Committee）舉行的遠距聽證會表示，因應恐怖份子洗錢的問題時，方法必須隨科技的演變與時俱進，虛擬貨幣是尤其需要關注的問題。 葉倫說，就她所知，許多虛擬貨幣多少都會用來非法轉帳，當局應設法阻撓，確保違法者無法透過這些管道洗錢。 果不其然，葉倫此言一出，比特幣馬上走弱。我個人認為，比特幣的暴漲，反應的是全球資金浮濫下，比特幣奇貨可居的一個資產荒現象，即便很多國家包括中國都在研擬虛擬貨幣，但比特幣要成功需要政府的支持，否則很有可能曇花一現。 二、當今全球財經界最紅的四個字母，也是這波全球資金浪潮的第一怪現象：S PAC。 根據Dealogic 數據，2020 年美國 SPAC 募資金額高達 820 億美元，較 2019 年大增了 6 倍以上。全球大型銀行爭相追逐 SPAC 熱潮，Credit Suisse Group (瑞士信貸集團)和Citigroup (花旗集團)為 2020 年前兩大 SPAC 承銷商，其次是Goldman Sachs Group (高盛集團)。 國際媒體相關報導 ●華爾街日報：〈When SPACs Attack! A New Force Is Invading Wall Street.〉(SPAC新勢力入侵華爾街) 被稱為SPAC的「空白支票」公司正在追求美國最熱門的初創公司。 這是不是表明市場榮景難以持續？ ●CNBC：〈Goldman says the SPAC boom will continue and found a way to spot ones that may outperform〉(高盛說SPAC榮景將可以持續，而且將走出一條讓人眼睛一亮的路徑) ●倫敦金融時報：〈Singapore steps up bid to become Asia Spacs hub〉(新加坡政府決定，押注自己成為亞洲SPAC金融中心) 新加坡交易所SGX， 希望「空頭支票」公司可以抓住亞洲科技初創公司的大量融資機會 分析解讀 現在全球財經界最熱門的四個字母「SPAC」，已經成為全球私人企業最喜歡的融資來源。Richard Branson 的企業「維珍銀河控股有限公司」（Virgin Galactic Holdings Inc.）最早在2019年通過SPAC上市，而體育賭博公司DraftKings Inc.去年也循同樣方式上市。現在有近300個SPAC正在尋求上市，它們擁有大約900億美元的現金，瘋狂地推出越來越多產品，甚至有ETF。目前為止，每天平均推出了五個新的SPAC產品。 什麼是SPAC？SPAC又稱空白支票公司（blank check companies），簡單來說，是一個沒有營運資金的空殼企業，存在的唯一目的，是在2年內收購另一間未上市企業。 SPAC的創辦人在上市前會有一個未公開發行的收購目標，而為彌補投資前的資訊不明，SPAC發行股票時，通常以投資單位為購買基礎，類似購買共同基金，1 單位為 10 美元，同時也給予定量權證，開放投資人在一定時間內以固定價格收購更多股票。且因為是空殼公司，所以在SPAC收購企業前，股票不太會有劇烈改變。如果無法在規定時間內完成收購手續，股東可以連本帶息收回投資的金額。 如果成功收購未上市公司，則無需經過上市程序，就能直接成為那史達克掛牌上市公司，省去了寫上市報告書、來回簡報、審查的過程。難怪SPAC一時之間蔚為風潮，投資人趨之若鶩。 2020年，由於新創企業透過 SPAC上市熱度大增，帶來高額獲利空間，所以SPAC承銷開始在華爾街大受歡迎。 SPAC上市數量成長快速，2016 年所有 SPAC 只募得32億美元，但在2019 年，融資總數卻達到136億美元，3年內成長4倍以上。此外，美國2020年1月至8月初，就有超過50家企業透過SPAC方式上市，目前已取得215億美元。 解讀這現象很容易，傳統的IPO邏輯，就是你做好了我就給你錢，而SPAC是我先給你錢你再去做好。從這個邏輯的顛覆，就可以知道現在的錢有多麼的不值錢。 當然，傳統的金融專家仍認為傳統 IPO是金融市場的核心，也建議資金充足、品牌著名的大型企業，透過傳統 IPO 模式上市上櫃；但 SPAC卻能更有效的服務需要迅速上市的公司，使能敏捷應對市場熱潮的新創公司或企業，在掌握初步技術或市場優勢時就能迅速上市，獲得即時的資金挹注，提升商業規模。 SPAC的優勢，在於能降低企業上市的申請門檻、更迅速募集營運資金，更能使1年以上的上市準備時間縮短至數個月，解決了過往 IPO 上市手續緩慢、準備門檻高等挑戰。 雖說SPAC正處熱潮風口，但從過去6年的投資數據來看，可看出 SPAC 也並非完美無缺。統計指出，從美國2015年至2020年10月的313家SPAC中，只有93間企業完成收購，成功率不到30%。此外，這93間SPAC的平均損失為-9.6%，中位數回報率（median return）是-29.1%，而若只看成功取得收益的SPAC，平均市場後回報率（average aftermarket return）僅 31.3%，也比傳統 IPO的47.1%來得少，且數量只有29間。 總之，美國銀行（BofA）13日發布報告指出，未來十年想實現全電動車轉型目標，至少需要2.5兆美元，而電動車企業透過SPAC借殼上市(融資)，將成為重要募資管道，未來幾年預估將出現更多案例。 美銀指出，截至目前為止，電動車製造商透過這種借殼上市方式，共募集到超過60億美元。儘管此數字與2.5兆美元仍有一大段距離，但從近日掀起SPAC熱潮來看，市場上仍有不少資金等著參與這場「電動車革命」。 SPAC並未推出商品或服務、也沒有長期商業計畫，成立目的在於募集資金以併購其
2021-01-2615 min
The DEAL FLOW ShowA Complete Walk-through of a SPAC DealThe SPAC Operating System is the first to market with a concurrent SPAC vehicle, capitalizing on explosive growth of the SPAC market in the last 5 years.
David Panton is a Managing Partner of NCP’s SPAC Opportunity Partners L.L.C, an investment firm focused on building a diversified portfolio of investments in Special Purpose Acquisitions Companies.
David is a co-founder and former Chief Strategy Officer of American Virtual Cloud Technologies (NASDAQ: AVCT), which previously raised $310 million in July 2017 as Pensare Acquisition Corp., and completed an acquisition of Computex Technology Solutions in April 2020. AVCT is a portfolio company of SPAC Op...
2020-12-3004 min
IEO 看什麼？國際財經、產業、科技觀察EP.29 美股 IPO 與 SPAC 狂潮，直接上市規則改變迎來大變局2020年SPAC和IPO的狂熱，從資金持續湧入SPAC和IPO的公司可以看出來，大家對新股追捧在超低利率寬鬆環境下，市場預期高風險偏好會延續到2021年。在過去一週就有37個SPAC向美國SEC提交了IPO申請書。SEC在今年12月也改變了直接上市的規定，想了解更多可以直接到專欄文章閱讀
公開文章：《2020新股上市狂熱！IPO、SPAC火爆，直接上市迎變局》https://ieobserv.com/SPAC-Vocus
訂閱專屬文章：《2021值得關注的IPO與SPAC》https://ieobserv.com/IPO2021
Patreon版本（與方格子同步）：https://ieobserv.com/podcast
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2020-12-3012 min
CashFlowRun 滾滾錢浪1216 EP.43 企業現金流分析特例 - 空殼併購上市 / 今年最具話題的投機方式 SPAC【特殊目的收購公司-SPAC】
【最受矚目的SPAC-Bill Ackman的PSTH】
【SPAC可能失敗的原因】
【你也可以投資SPAC!】
近年來，不少企業利用SPAC實現上市目的，對企業來說不僅方便，成本又低，根據高盛統計，今年以來，SPAC 上市籌集資金已超過 700 億美元，非常熱門!不了解這個特殊目的併購公司的朋友，一定要點選網址收聽喔!!!
上架平台 : Apple Podcast、Spotify、KKBox、SoundOn、Google Podcast
聯絡信箱 : hughtalksfinance@gmail.com
2020-12-1608 min
Factory • Quien Aporta Valor41. SPAC, ingeniería financiera en las salidas a bolsa¿Qué es una SPAC?. En mi forma de verlo, es un atajo para que una empresas salga a bolsa, evitando el largo y costoso proceso que supone. Una salida a Bolsa, supone cumplir un elevado número de exigencias que impone el regulador del mercado. En todos los mercados se exige una serie de trámites para admitir una empresa a cotizar. Estos suelen ser costosos en tiempo y dinero. A muchos les compensa por los beneficios que se pueden obtener. Sin embargo, a nadie le amarga un dulce y la salida a bolsa a través de SPAC...
2020-11-2616 min
理財學伴 | MoneyMateEp.48 SPAC借殼上市推升美國IPO熱潮，SPAC是什麼？🙌 文字版整理：https://moneymate.space/spac/ 今年的 IPO 熱潮之中，相信學伴們也有看到一些 SPAC 上市的新聞或是某些知名的私人公司透過 SPAC 借殼上市的新聞。 軟銀的願景基金（SoftBank Vision Fund）表示準備成立 1 間 SPAC 在美國上市。TikTok 的競爭對手 Triller 也在與幾間 SPAC 洽談合併，以便讓 Triller 借殼上市。就連前 NBA 球星，俠客·歐尼爾（Shaquille O'Neal）也成立自己的 SPAC 。截至 2020/10/23，今年已經160 間 SPAC IPO 了，整整佔據了美國今年 IPO 近乎一半的數目。融資額也達到 590 億美元，相當於2019年 136億美元的 4倍多，成長幅度非常明顯。究竟 SPAC 是什麼？私人公司又要怎麼借殼上市呢？ 聽聽這集節目一起了解吧！ 💖Instagram： https://instagram.com/moneymate.space 💵贊助理財學伴：https://moneymate.space/贊助/
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2020-11-0114 min
Indo Tekno PodcastThe SPAC Opportunity: Andy Tai of Goldman SachsWe are pleased to invite back to Indo Tekno studios Andy Tai, Managing Director at Goldman Sachs, in order to explore the SPAC ("Special Purpose Acquisition Company") as a means of bringing promising Indonesian tech companies to the public markets. This marks the second episode of our "From Warung to Wall Street" podcast series.A SPAC is a company which, at the outset has no commercial operations. It is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Also known as "blank check companies," SPACs have been...
2020-10-0531 min
Investor AudioSPAC BreakdownHi Everyone,This year SPACs have been the center of attention in the public markets. So far there have been 151 U.S. IPOs consisting of 61 SPAC IPOs. A renewed evolution of companies skipping the traditional IPO process and partnering with high profile investors or entities is transforming rapidly. Today we will breakdown SPACs, special purpose acquisition companies with the goal aimed to capture the greatest wealth opportunities in the market. Business Summary: A SPAC (Special Purpose Acquisition Company) is a “corporate shell” company, also more commonly known as a blank check company, sponsored by a...
2020-10-0510 min
techLGTMEpisode 4 - #techLGTM - What is SPAC?Welcome to episode 4 of techLGTM - A technology podcast hosted by Shashank Singh, Preet Raj and Amol Sharma.
In this episode we discussed:
What is SPAC?
SPAC vs IPO?
SPAC vs Traditonal Venture Capital model of investing
Why is SPAC becoming popular?
How Chamath Palihapitiya has made SPAC so popular?
Risks of SPAC and future
2020-09-2724 min
The Laps & Gaps PodcastIntroduction to Special Purpose Acquisition Companies (SPAC)Introduction to Special Purpose Acquisition Companies (SPACs)Basil: [00:00:00] Welcome to Laps and Gaps, a podcast between two friends, discussing topics and finance. I'm Basil, a mid-cap, public markets investor. Jack will be joining us in a moment and leading the discussion today. He is a private markets investor. Today we'll be talking about SPACs and de-SPACs. I hope you enjoy, this, our first show.MC: [00:00:20] The content presented here only reflects the opinions of those presenting at the time of their conversation. It may not reflect their current views nor does it reflect the v...
2020-09-2121 min