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.