The Daily Dish (12/23/20)

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 👇

Payoneer in advanced talks to enter Nasdaq via SPAC

• At a valuation of $2.5 billion to $3 billion, Payoneer is currently drafting an S-1 filing to submit to the SEC on the chances that the talks, which are in advanced stages, mature into a deal.

• Founded in 2005, Payoneer provides online money transfer and digital payment services. Users can pay and receive funds via several methods, including credit cards, debit cards, electronic wallets, and bank transfers. In recent months it has also started to enter the enterprise credit card clearing business.

• Like other fintech companies, Payoneer has benefited from the accelerated digitization process taking place in large part due to the coronavirus (covid-19) pandemic, with huge clients like Walmart and Amazon increasing their use of its products.

Lidar startup Ouster to go public in $1.9B SPAC merger with Colonnade Acquisition Corp

• Founded in 2015 and out of stealth mode with funding of $27 million in 2017, Ouster designs and builds lidar sensors that are used in autonomous vehicles, robotics, drones, mapping, defense and security systems.

• Lidar startups are a dime a dozen, but where Ouster differs is with its choice of laser wavelength. The company’s lasers pulse at a frequency of 850 nanometers, which is claimed to deliver superior imaging.

• Under the SPAC merger, Ouster expects to earn proceeds of up to $300 million from the deal. The company projected revenue of about $19 million in 2020. Although that’s not a large revenue figure, Finbold noted that compared with other companies in the market, Ouster is among the few actually generating revenue, a key reason that attracted Colonnade $CLA.

Leading Door Salesman To Go Public In Yet Another 2020 SPAC Merger

• Janus International, the leading global provider of building solutions and access control technologies for the self-storage and other industrial sectors, is adding to 2020’s growing list of companies planning to go public in deals with blank check companies ($JIH).

  …With an expected pro forma enterprise valuation of $1.9 billion

• The company, which owns 50% of the self-storage market, was challenged by projects delayed due to Covid-19, but the pandemic also created some tailwinds, including the growth of e-commerce and the resulting footprint increase for one of its other big end markets, commercial warehouses.

• I guess you could say they’re trying to… open new doors *ba dum tiss*

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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.