Just Another SPAC ETF…

The Daily Dish (12/17/20)

Welcome the Daily Dish. Every morning in your inbox subscribers receive some Dishes that we find interesting and we think that you should know more about.

We’ll try to lob ‘em up to you in a simple, clean format that you can read in 5 minutes before the market opens. (Trust me, we know what it’s like to wake up at 9:23am).

Here’s the first assist 👇

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Tuttle Tactical Management Launches SPAC & New Issue ETF, $SPCX

  • The SPAC and New Issue ETF “offers investors a broad portfolio of SPACs within the familiar liquid and tax-efficient wrapper of an ETF,” said Matthew Tuttle, CEO and chief investment officer of Tuttle Tactical Management

  • For reference: The last SPAC ETF $SPAK
    Debut at $26 on 9/28… Currently at $28

  • During the holiday season, Donate to charity instead of these fund managers. My favorite place to give is Nemours Children’s Hospital

Nuvve SPAC Price Could Shock The World In Merger Run Up

  • Nuvve likes to call itself a “V2G” (vehicle to grid) technology company. It can create a virtual power plant (VPP) using fleets of charging electric vehicles along with buildings to bring electricity back to the grid.

  • Nuvve’s slide presentation shows that it has both a first-mover advantage and key patents with its V2G technology. Its business model includes revenue from both charging vehicles as well as software management sales.

  • It will make $32.3 million in revenue in 2021. By 2022 Nuvve forecasts revenue almost 3 times that at $94.3 million. The market cap for $NBAC stock is now $306 million. Given their earnout incentive and their internal forecast, there is every reason this will happen.

  • Now here is the value proposition. Its peers Blink and ChargePoint ($SBE) trade at much higher valuations. For example, Blink stock trades at 47x EV-to-revenue for 2021. Nuvve trades between 6-8x.

Pet subscription service BarkBox to go public in SPAC deal at $1.6B

  • BarkBox ($STIC, Northern Star), the start-up providing a monthly subscription for dogs, is merging with a special-purpose acquisition company to go public via a $1.6B deal including debt, The Wall Street Journal reports.

  • Spending on gifts for pets is up 21% this year, and BarkBox is looking to follow in the recently successful pawprints of firms including Petco Animal Supplies ($WOOF) and Chewy ($CHWY).

  • Investors behind Northern Star include former publishing executive Joanna Coles and Jon Ledecky, majority owner of the New York Islanders.

If you enjoyed today’s dish please share it with a friend (or share the ETF with an enemy)👇

There’s No I In Trade

My goal is to create a community where people can educate themselves through the world of investing. I can’t do that alone, we need to build this community together. So tell me what you’re loving, tell me what you want to see more of tomorrow.

Disclaimer: This is not financial advice and should not be interpreted as such. I am not a financial advisor. I may currently own or have owned many of the SPACs mentioned above – but that does not mean I am invested now. My investing method is highly risky swing trading which means I am constantly in and out of positions. Please do your own research or hit up the #SPACsquad on Twitter to learn more about SPACs.


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