4 ms·

Your warrant coverage thoughts are very on point, spacs if structured properly are very clever but the lack of transparency on warrants and notes is a problem f

• cl42 5y ago
  ...and what's also interesting is how little innovation there is in SPACs. Tells you a lot about how stale/uninnovative the entire finance industry is. Everyone has similar warrants, similar share structures, and even the $10-pre-merger price. AFAIK, there's no reason for all these consistencies beyond copying and pasting the original docs. Anyway, I am tracking a lot of SPACs and waiting about 1-2 years before diving into some of the more promising ones. We'll see how it goes!