I want a 10x for Christmas…

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Hereโs the first assist ๐
SPAC Veteran Eli Baker Launches $1.5 Billion IPO with a Special Twist
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Spinning Eagle will raise $1.5 billion to be used toward a target acquisition in any industry. That marks the largest SPAC deal to date aside from the $4 billion raised by William Ackmanโs Pershing Square Tontine Holdings $PSTH.
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The company is led by CEO and Chairmanย Harry Sloan, who previously served as CEO ofย Metro-Goldwyn-Mayer $MGM, and CFO and Presidentย Eli Baker, who is a Partner at Eagle Equity Partners. SPAC veteran Jeff Sagansky is the company’s founding investor and a member of the sponsor.
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The twist? Introducing a new innovation that would allow the vehicle to โrightsizeโ by spinning off part of itself if all of the capital is not needed for a single transaction – Creating a SPAC within a SPAC – SPACeption.

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Mr. Baker is well known for recent successful deals including gaming platforms DraftKings $DKNG and Skillz $SKLZ (see interview here), which have quintupled and doubled, respectively, since listing in 2020.ย
XL Fleet Stock Soared 86% After Short Seller Citron Research Said Itโs a Buy

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Citron Research, a firm known for its bearish calls and short-selling bets against stocks, tweeted out that XL Fleet ($XL) is a Buy and worth up to $60 a share. Citron also said in the tweet that it owns XL shares.
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No analysts cover XL stock yet. Citronโs $60 price target, values the company at roughly $8.6 billion, based on about 144 million shares outstanding postmerger. Thatโs roughly 6 times projected 2024 sales of about $1.4 billion.
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โElectrification as a Service will be massiveโฆmore than twice $QS and $LAZR combined,โ Citron said, referencing former SPAC high flyers QuantumScape Corp and Luminar Technologies.
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XL Fleet founder Tod Hynes joined CNBC Wednesday morning to discuss his company and its place in the fleet electrification market. The company also rang the bell at the Nasdaq.
Dyal Capital and Owl Rock agree $12.5bn SPAC tie-up

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Investment firms Dyal Capital and Owl Rock have agreed to combine in a complex deal to take them public via a blank cheque vehicle, as they seek to rival large private capital providers such as Ares Management.
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Altimar Acquisition Corporation $ATAC, a special purpose acquisition company set up by HPS Investment Partners, will merge with the combined entity, to be named Blue Owl Capital, thereby taking the asset managers public with a $12.5bn valuation.
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Doug Ostrover, one of Owl Rockโs founders and part of the original trio that set up Blackstoneโs powerhouse credit unit, GSO Capital, will lead Blue Owl. The businesses will manage a combined $45bn in assets.
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โBlue Owlโs expertise, agility and scale, supported by a substantial permanent capital base, will enable us to offer a holistic platform of capital solutions to private equity firms and privately held businesses,โ Mr Ostrover said on Wednesday in a statement announcing the deal.
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Founded by former Lehman Brothers bankers in 2011, New York-based Dyal has become a big player in the business of buying up general partner stakes in alternative asset managers.
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