SUBSPAC

What do SHAQ, Mark Cuban, and a Tiny Canadian man have in common?

The Daily Dish (12/15/20)

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College Dropout Makes Market Debut With Tiny Tech SPAC

  • Andrew Wilkinson, a college dropout from Vancouver, British Columbia, is taking Tiny Capital, his tech-focused holding group public via SPAC. Tiny looks at 50 to 100 companies a month and on average buys three to five a year.

  • Today his empire comprises 30 companies with a combined value he estimates at C$600 million ($471 million) to C$1 billion

  • On Monday, his company WeCommerce Holdings Ltd., which creates and invests in companies servicing Shopify Inc.’s retail platform, listed its stock on the TSX Venture Exchange. It’ll be done through a reverse takeover of Brachium Capital Corp.

  • Bill Ackman (the real one), who Wilkinson met when he won a charity lunch auction with the billionaire, is an investor in WeCommerce alongside a Tiny-owned entity that’s 80% owned by Wilkinson with his partner, Chris Sparling

Shaq SPACs With Former TikTok CEO, Disney Execs & MLK Jr.’s Son

  • Forest Road Acquisition Corp. ($FRX), plans to raise $250 million for deals for the blank-check company, specifically in the media and technology sectors.

  • Shaq will serve as a strategic adviser, Martin Luther King III has been tapped as a director. The former mouseketeer executives are no joke either. They include former TikTok CEO Kevin Mayer, Thomas Staggs former Chief Financial Officer of Disney, and Salil Mehta a former Executive Vice President for ESPN.

  • The Big Cactus is a basketball commentator on WarnerMedia’s TNT network, along with being a serial entrepreneur and being Papa John’s first Black board director. He is a shrewd investor, having backed Google prior to its IPO and investing in Ring during its venture capital rounds, prior to its Amazon acquisition.

Metromile: SPAC Bringing Insurance Machine Learning Stock to Nasdaq

  • David Friedberg founded Metromile in 2011. It’s a car insurance startup offering pay-per-mile (PPM) insurance. It’s disrupting the $280 billion auto insurance industry in the U.S market. The company says two-thirds of U.S. drivers are low-mileage and are overpaying for insurance.

  • INSU Acquisition Corp II ($INAQ) counts Mark Cuban and Chamath Palihapitiya as $160 million private investors in their projected $1.3 billion market capitalization. They are challenging Warren Buffett in the car-insurance market. The old lizard king’s going to have to compete with the quinoa king now.

  • “With machine learning technology, our team will be able to better prevent insurance fraud and assist customers with hard-to-prove but common claim types, like hit-and-run collisions, car theft, and rear-ends,” said Paul Anzel, a Data Scientist at Metromile. The startup relies on a device that subscribers install in their vehicles, which tracks their mileage and reports other data with their permission.

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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