SPAC Watchlist

There are way too many SPACs to keep up with, but the trend is also exciting to ignore. So I’ve created a simple SPAC watchlist with some of the most notable SPAC to watch in the market right now.

Did you know that SPACs raised $13 billion in 2019?

$83 billion in 2020.

And $40 billion already in 2021…

There are 409 active SPACs with $130 billion waiting to be invested.

That’s a lot to keep up with. So I’ve cultivated a list of some of my favorites. Full disclosure, I’m holding positions in several of the companies listed below. Other’s I traded and already sold.

But let’s start with the basics…

What is a SPAC?

SPAC stands for Special Purpose Acquisition Company, also known as a “blank check” company. It’s a different way to take a company public. The SPAC sells shares in a traditional IPO without any underlying business.

It then uses that money to merge with an existing business. Once the deal closes, the newly formed company gets a new ticker and trades like any other stock. SPCE, NKLA, & DKNG all used SPACs to go public in the past year or so.

Let’s get the SPAC watchlist:

Electric Vehicles and Sustainability SPACs

Churchill Capital Corp IV (NYSE: CCIV)

  • In talks with electric carmaker Lucid Motors

Tortoise Acquisition Corp. II (NYSE: SNPR)

  • Scheduled to merge with Volta industries in Q2 2021
  • Builds electric car charger
    • Plans to place at shopping malls and restaurants parking lots
  • New ticker will be VLTA

CITIC Capital Acquisition Corp. (NYSE: CCAC)

  • Rumored to be in talks with Chinese electric carmaker Byton

Sustainable Opportunities Acquisition Corp. (NYSE: SOAC)

  • Targeting a sustainable company to merge with
  • Management is from energy production

Marijuana and Cannabis SPACs

Silver Spike Acquisition (NASDAQ: SSPK)

  • Scheduled to merge with Weedmaps the “yelp of weed.”

Greenrose Acquisition Corp (NASDAQ: GNRS)
Merida Merger Corp I (NASDAQ: MCMJ)

  • Both are still searching for a company in the industry.

Finance and Cryptocurrency SPACs

GS Acquisition Holdings Corp II (NYSE: GSAH)

  • A SPAC by Goldman Sachs (NYSE: GS)
  • Rumored to be looking into cryptocurrency or fintech

Replay Acquisition Corp. (NYSE: RPLA)

  • Scheduled to merge with Finance of America Companies

Celebrity SPACs

Forest Road Acquisition Corp. (NYSE: FRX)

  • Started by Shaquille O’Neal and the son of Martin Luther King Jr.
  • Targeting companies in media and technology sectors

Slam Corp. (NASDAQ: SLAM)

  • Registered only, not trading yet
  • Started by Alex Rodriguez
  • Targeting companies in sports, media, entertainment, and/or health and wellness

Other Notable SPACs

Trident Acquisitions Corp. (NASDAQ: TDAC)

  • Letter of intent signed this Lottery.com.
  • Blockchain technology in the works

Tuscan Holdings Corp. II (NASDAQ: THCA)

  • In talks with digital freight broker Transfix
  • On track to be the “uber” of trucking.

I also share my daily watchlist of the hottest stocks in the market every day.

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