SUBSPAC

Kicking the Bull on the Horns…

The Daily Dish (12/29/20)

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Here’s the first assist 👇

Wooter Apparel Blog | Wooter Apparel

Reebok’s $2.4 Billion Price Tag Brings Hip-Hop & Sports Moguls Baron Davis and Master P To The Table

23 Reasons Why We ALL Wanted To Be No Limit Soldiers (PHOTOS) | Global Grind
  • Reebok may be getting a new owner, as its German sportswear parent company Adidas looks to offload the household name brand. New buyers including a business dream team of hip-hop business mogul, Percy “Master P” Miller and former NBA All-Star Baron Davis are looking to acquire the company, which could garner an asking price of around $2.4 billion.

  • It’s been speculated that Bull Horn Holdings Corp. $BHSE a $75 million blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses – and in which Baron Davis is a Director – could be the court which the merger could take place.

  • Adding fuel to the fire – Rob Striar, CEO of Bull Horn Holdings – also President of M Style Marketing (a leading strategy, marketing and branding firm specializing in sports, entertainment and consumer products) – liked a few tweets implying the connection. (Implying the connection outright before filing the disclosure with the SEC would be a violation of rules.)

Bravo! Software SPAC Thoma Bravo Advantage files for a $900 million IPO

RealPage to be Acquired by Thoma Bravo
  • Thoma Bravo Advantage $TBA, a blank check company formed by Thoma Bravo targeting a software business, filed on Monday with the SEC to raise up to $900 million in an initial public offering. Thoma Bravo is a leading private equity firm with a 40-year history, including over $35 billion in investor commitments, and a focus on investing in software and technology.

  • Last Week, Thoma Bravo agreed to buy RealPage for $9.6 Billion. RealPage ($RP), based in Richardson, Texas, provides a technology platform used by owners and managers of rental properties. Tenants might pay their rent or submit a maintenance request using RealPage’s software. The company also keeps a database of real-time lease transactions, allowing it to forecast where markets are heading.

  • Under the terms of the deal, Thoma Bravo will paid RealPage stockholders $88.75 in cash per share. That is a premium of more 30% over the $67.83 closing price on December 18th. The transaction is subject to standard regulatory review, and the RealPage board will have a 45-day “go shop” window to see if it can find a better price. Given the success of the latest Real Estate Tech SPAC – Chamath’s OpenDoor $IPOB – could Thoma Bravo be preparing to merge $TBA with RealPage and some of their other portfolio companies and take the combination public for a better price? It’s curious, say the least.

This Streaming Upstart is a SPAC to Watch

CuriosityStream review: The online service for science fans
  • Brad Freeman, of The Motley Fool, writes Netflix and Walt Disney are popular choices for people looking to invest in this space, but they’re not the only options. CuriosityStream $CURI — a relatively new and less established streaming service — also looks to be a great emerging opportunity.

  • I already know what you’re thinking: “Ugh. Another streaming service?” And to that, I politely ignore your sighs. CuriosityStream designed by Discovery Communications founder and media visionary John Hendricks for curious minds.

  • On sale for $149.99 for a lifetime subscription (as in, zero monthly fees), it’s much more affordable than its competitors. But for a collection of only “educational” content, it came as a surprise that it has over 13 million paying subscribers in more than 175 countries.

    UPDATE: Curiosity Stream no longer has a lifetime subscription for sale on their website – only through affiliates. Use Google-fu to find it.

    Curiosity Stream has approximately $511 million in equity with no debt. The company is estimating having $180 million available for future growth. According to information provided by Curiosity Stream, the $511 million will represent a pro forma valuation of 4.7x 2021P revenue. Curiosity is currently trading at $13.42 – about 35% over their initial asking price of $10.

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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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