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CCXX...$10.95...Filled my bid on the Gap fill...
These kind of stocks are becoming trap stocks look at hofv lot of trap people I hope CCXX is not one
I believe the 1/4 warrant is what is combined in the unit. Warrants are 1:1
It will be one day...Institutions love stocks like this... Once merger is complete they will buy I feel... It could end up being one of this Institutions end up owning 80-90% of
I was buying up there at that high over $13 this morning pre-market lol I was kicking myself in the ass by 12 I'm fired lmao hopefully better day tomorrow. Sounds like CCXX should be trading over $20
Investor Conference Call and Presentation from this morning--->>>
Link:
https://www.otcmarkets.com/filing/html?id=14269850&guid=5mEFUpyrrljhx3h
Yes, I like his videos
MultiPlan Going_Public_via_Churchill_Capital_Corp_III | MultiPlan_Stock
The target company, MultiPlan, profit margin is very, very small, also CCXX
only issues 1/4 a warrant. I pass. It seems the market also agrees with me.
CCXX...$11.72...Bidding the $10.80 range open gap...as a hedge...
$11B merger just announced k Mr Wowza...and CCX which is another Churchill Capital SPAC play has $1B in cash patiently waiting to start getting deployed too fyi glty
Amazing merger news! Maybe this will get the SPAC plays flowing as the entire market knows is gonna begin occurring any day now!
Just talked about the deal on CNBC this is fcking huge
Don’t they have $1.3 billions death? Or I am wrong?
Lookin' good premarket upper buddy glty \m/
SPAC plays are gonna be hot these next few months imo glty
CCXX...$13...P/M...Joining you Haas...with a starter...
CCXX$$$ $30 Target price WOOHOOOOOOOOOOOOOOO
I'm in looking to add more wake and bake CCXX$$$$$ big GREEN Runner coming
SPAQ merger happening now....CCXX next spac to run!
Looks like something good is happening here CCXX
This deal sounds kinda familiar doesn’t it ?
Interesting how they announced the news today.
i was gonna hit you up on this play / looks like you beat me to it ?>>>>> LOL
rachael
Ok here we go....progress....and quicker than I anticipated.
Multiplan which is a healthcare provider is merging into CCXX. Interested to see how it unfolds
https://www.wsj.com/articles/multiplan-to-go-public-in-merger-with-churchill-capital-entity-11594593000
MultiPlan and Churchill Capital Corp III Reach Agreement to Combine
PR Newswire PR NewswireJuly 12, 2020
- Transaction Will Deliver Financial Flexibility to Fuel MultiPlan's Significant Organic and Acquisition Growth Opportunities
- MultiPlan Brings Affordability and Fairness to the Healthcare System, Delivering Approximately $19 Billion in Medical Cost Reduction on over 135 Million Claims
- MultiPlan's Value to Healthcare Payers Will Be Enriched by Three Key Growth Pillars: Enhancing, Extending and Expanding Capabilities and Services
- Current MultiPlan Management Will Continue to Lead the Company
- Transaction Includes $1.3 Billion Fully Committed Common Stock at $10 Per Share and $1.3 Billion Convertible Debt, Convertible at $13 Per Share
- Investor Call on Monday, July 13, 2020 at 8:00 am EST
NEW YORK, July 12, 2020 /PRNewswire/ -- Churchill Capital Corp III ("Churchill") (NYSE: CCXX), a public investment vehicle, and MultiPlan, Inc. ("MultiPlan"), a market-leading, technology-enabled provider of end-to-end healthcare cost management solutions, announced today that they have entered into a definitive agreement to merge. The combined company will operate as MultiPlan and will be listed on the NYSE. The transaction implies an initial enterprise value for MultiPlan of approximately $11 billion or approximately 12.9x estimated 2021 Adjusted EBITDA. The transaction will bring to MultiPlan up to $3.7 billion of new equity or equity linked capital to substantially reduce its debt and fund new value-added services.
MultiPlan will continue to operate its business with a relentless focus on delivering service excellence to its payer customers. The existing management team, led by long-standing CEO Mark Tabak, CFO David Redmond and Chief Revenue Officer Dale White, will continue to lead the business, and Hellman & Friedman affiliates ("H&F") will remain MultiPlan's largest shareholder.
The capital from this transaction, combined with Churchill's expertise, will enable MultiPlan to continue to enhance its core offerings to payers through a significant increase in its data analytics platform, extend into new payer customer segments and expand its platform, increasing the value MultiPlan provides to more than 700 payers, their 60 million consumers and MultiPlan's 1.2 million providers that serve them. Further, the transaction will better position MultiPlan to capitalize on the entire $50 plus billion total addressable market, rather than its current subset of $8 billion, organically and through M&A.
Mark Tabak, CEO of MultiPlan, stated, "I'm tremendously proud of the role MultiPlan plays in driving order, efficiency and fairness in healthcare payments. This transaction allows us to create payer value beyond the tech-enabled cost management and payment integrity services we offer today. As a public company, MultiPlan will have greater strategic and financial flexibility, making it better equipped to expand organically, through adjacent acquisitions and by investing in new technologies. We will deliver even more value for healthcare payers in particular, but also for their consumers and providers."
Allen Thorpe, Partner at Hellman & Friedman, said, "MultiPlan's performance as a privately held company has been outstanding. This transaction strengthens the Company and will allow it to further penetrate the broad and fast-growing healthcare market, driving efficiencies and cost savings that benefit the sector and deliver great outcomes for payers, providers and consumers." He further added, "We are excited to join forces with the Churchill team and continue our partnership with MultiPlan to deliver value for its many customers."
https://www.otcdynamics.com/ccxx-multiplan-and-churchill-capital-corp-iii-reach-agreement-to-combine/
Huge sector! Great merger
Nice HaasCat, diversification is king in SPAC plays imho glty!
Holding long as well, warrants at 2.22
In this around 10.60.....
Will keep adding from time to time. I might be holding for a while but the team of people and money around this is serious.
CCXX
$1.15 billion, setting a new high water mark for SPAC IPOs.
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