SPAC Interview With Mudrick Capital (MUDS) And Hycroft Mining (HYMC)

By Dudley Pierce Baker Founder – Editor Common Stock Warrants I recently had the privilege of interviewing Jason Mudrick of Mudrick Capital Acquisition Corp (MUDS) and their recent merger with Hycroft Mining now trading on the Nasdaq as HYMC and HYMCW. We were joined in the interview with Jeff Baker, my son, an economic geologist as well as David Kirsch, Chairman of the Board of Hycroft Mining. Hycroft Mining will be announcing its Second Quarter financials on August 10, 2020. Hycroft to Release Second Quarter Financial and Operating Results on Monday, August 10, 2020 Conference Call to be Held August 10, 2020, at 11:00 am MT  We trust you will enjoy our interview and encourage you to share with other like-minded investors. Hycroft Mining Holding Corporation (HYMC) is a gold and silver producer operating the Hycroft Mine located in the world-class mining region of Northern Nevada. The Hycroft Mine features one of the largest gold and silver deposits in the world with a low-capital, low-cost process and a 34-year mine life. Hycroft Restart and Future Growth Interested investors should visit Hycroft’s recently updated Corporate Presentation as of July 2020 Hycroft Mine Overview Senior-scale asset with expected average annual production of approximately 366 koz Au Eq.(1)  Management has developed a “capital light” restart plan that is being executed in 2020 after which the mine will be begin to ramp up to Feasibility Study production levels  Mining has been ongoing for over a year  Hycroft has fully constructed mine … Continue reading

Warrantless but not unwarranted: Therapeutics Acquisition prices first ever SPAC IPO of common shares

Note from Dudley Pierce Baker, I just saw this article out today and wanted to share it will my followers. If you follow the SPAC’s, blank check companies, this is the first offering without a stock warrant. Only shares were issued, not units, and thus no warrants which we frankly love to see as they are included in our database. I kind of doubt this will become a trend but I will be watching. Warrantless but not unwarranted: Therapeutics Acquisition prices first ever SPAC IPO of common shares July 8, 2020 2020’s blank check boom hit another major milestone with Therapeutics Acquisition (TXAC). For the first time in their roughly 20-year history, a SPAC has completed an IPO by selling common shares rather than units, signaling ever-greater demand in the space. SPAC offerings normally include units consisting of shares of common stock and tradable warrants. Therapeutics Acquisition marks a notable first, but it is also part of a trend, with more SPACs this year lowering their warrant component to 1/3 and 1/4 warrants. 2020 SPAC milestones The first ever SPAC IPO of common shares: Therapeutics Acquisition (TXAC) The largest SPAC ever to go public: Churchill Capital Corp III (CCXXU) The largest SPAC ever to file for an IPO: Pershing Square Tontine (PSTH.U) The biggest quarter ever by proceeds (tied for most deals): 2Q20, 24 SPACs and $7.2 billion On pace for a record year in 2020 Several companies have chosen SPAC listings over IPOs   Therapeutics Acquisition Corp., Sponsored by RA Capital Management, L.P., Announces Pricing of Upsized $118 Million … Continue reading

SPACs Are Booming. These 21 May Be About to Announce Deals

  By Nicholas Jasinski   July 6, 2020 6:00 am ET Editors Note from Dudley Pierce Baker at : Our interest here at CSW is that all of the SPAC’s (blank check companies) have a stock warrant which will have a 5-year life starting from the time of the merger of the SPAC with another company. Interesting long-term opportunities here for greatly increased upside leverage potential with the stock warrants. Currently, we have over 65 blank check companies in our database, all of which are looking for mergers. I have not verified the information in the article below but there are many more SPAC’s trading than what the article says. Bryan R. Smith/Getty Images This year has become a boom year for special purpose acquisition companies, or SPACs. Some postmerger returns have been stunning, including those of Nikola Motors, Virgin Galactic, and DraftKings —all of which went public by combining with SPACs. New SPAC issuance is soaring, with multiple initial public offerings a week for several weeks running. And big names like Bill Ackman want in. More recently, investors have begun bidding up shares of SPACs that have agreed to attractive deals, but months before their combinations close. Tortoise Acquisition (ticker: SHLL), which will merge with electric-truck company Hyliion this fall, has nearly tripled since its deal announcement in June. On Monday, shares of Landcadia Holdings II (LCA), a SPAC sponsored by Landry’s CEO and Houston Rockets owner Tilman Fertitta, said it plans to merge with Fertitta’s Golden Nugget gaming franchise. The stock popped more than 50% in the next two days. Also known as “blank-check companies,” SPACs … Continue reading

‘Blank-Check’ Companies Are Hot on Wall Street. Investors Can’t Ignore Them.

By Nicholas Jasinski Jan. 17, 2020 5:14 pm ET   Note from Dudley Pierce Baker of Our interest in blank check companies is simple – every blank check company (SPAC) has a stock warrant trading with a 5 year life and the clock does not begin until an acquisition/merger is completed. There are currently 67 blank check companies currently trading and in my databases. Many potentially great opportunities. ______________________________________________________________________________________________________________ Some big-name initial public offerings last year were panned for not having a profitable business. Yet more than a quarter of the offerings were of companies with no business at all—by design. These were special purpose acquisition companies, or SPACs, also known as “blank-check companies.” Their goal is to raise money from public and private investors and then identify an acquisition target and buy it, typically within two years. SPACs raised $13.6 billion in 59 IPOs last year. Should you be investing in one of these companies? The pitfalls can be numerous, and not all SPACs are created equal—but investors should not completely ignore this growing segment of the public markets. Richard Branson’s spaceship company Virgin Galactic Holdings (SPCE), fantasy-sports website DraftKings, Twinkie-maker Hostess Brands (TWNK), and restaurant chain TGI Fridays are among companies to merge with SPACs in recent years. There are currently 71 SPACs on the market seeking targets, according to data from SPACInsider, a website devoted to research analysis and data about the industry. SPACs can designate a target industry or geographic region, or go public as generalists with no specific … Continue reading

Chuck E. Cheese Will Soon Be Publicly Traded

I dare say that every parent, grandparent, aunt and uncle, everyone, has been to a Chuck E. Cheese somewhere in the world. Chuck E. Cheese will soon be completing a merger with Leo Holding Corp., a blank check company, sometimes referred to as a Special Purpose Acquisition Corporation – (SPAC) which will allow CEC to become a publicly traded company. Upon the completion of this business combination, the new name will be Chuck E Cheese Brands, Inc. and new symbols will be issued for trading. Leo issued a press release announcing that it has scheduled the extraordinary general meeting of its shareholders to approve the Business Combination for July 30, 2019. However, I caution investors, until this merger is finalized issues can still arise, and until the deal is done, the deal is not done. Leo Holding Corp. currently trades as LHC on the New York Stock Exchange as do the stock warrants which trade as LHC.WS. Soon investors will have another restaurant and entertainment company trading which might represent an attractive opportunity depending upon your personal investment objectives. My fascination and purpose in writing this article is that Leo Holding Corp. has stock warrants trading which will become stock warrants of the new company which may be of interest to many investors. Currently in our databases, there are 66 blank check companies trading and with each company there is a stock warrant trading which was issued in the initial offering of the blank check company. All of these 66 … Continue reading