Yes, heck a while ago I bought in low $1.70's, GPAQW
Got some cheapies this morning, couldn’t believe it...
Heck of and opportunity to add this morning.
Awesome DD Golden Cross...GPAQW
Question for the experts..
FMCIW hit $6.20 and regular class-A shares hit $20.00 and I believe they have the same price of $11.50 for warrants to class-A share conversion after the the merger happens.
1) Are they close to closing the merger than GPAQ with HOFV?
2) or is it because of their merging plant based company company has bigger revenues already.. its like more established then HOFV?
3) Any other reasons stay below $3 per warrants?
We have less than 10 days to go for the vote and plus another 15 days to close the merger.. Lets see if this picks up some stream this week as we are getting close to vote..
Awesome video. Wow!! Sports and entertainment city, this is going big, imo
Awesome. Thanks for sharing GC!
$GPAQ Already has the majority needed to pass the merger vote at the Special Meeting on 6-30
The Sponsor, together with GPAQ’s officers and directors and other stockholders holding founder shares own
approximately 52.1% of GPAQ’s issued and outstanding shares of common stock, including all of the founder shares.
The Sponsor, directors, officers and other stockholders holding founder shares have agreed to vote any shares
of our common stock owned by them in favor of the Business Combination Proposal.
Currently, Gordon Pointe Management, LLC, which we refer to as our Sponsor, together with our officers and directors
and our other stockholders holding founder shares own approximately 52.1% of our issued and outstanding shares of
common stock, including all of our founder shares. Our Sponsor, officers, directors and other initial holders of
founder shares have agreed to vote their shares in favor of the Business Combination Proposal.
James J. Dolan owns 3,050,000 just by himself for 50.8% of the O/S shares
Hall of Fame Village Drone Site Tour Video--->>>
Thanx for the explanation . feeling better about GPAQW
Absolutely. RSI is at about 57 and not even in the power zone 70+ yet. Technicals and the important company events brewing in the coming weeks will drive this bus northward. imo
GC....its coming this week and more. The flippers from last week will be chasing GPAQ come Monday and beyond. I'm hoping the GPAQ PPS moving closer to $20 dollars by the time the vote comes along on June 30 or with a positive vote thereafter. Real fireworks should start after July 15 when the ticker gets a new symbol. Assuming everything goes well as planned.
Best of luck to all!!
This is just my opinion, do your own DD.
Oh yes I feel certain that $14 is a certainty starting Monday.
I t will be fun watching the traders go wild in the next week trying to get cheap shares.
I plan on buying again on Monday on a dip I hope.
I have to sell some other stocks before I can though, one of them I would like you to look at is EA--*---WD.
Let me know if you can. I would appreciate your opinion.
But yes were gonna make money in GPAQW!!
$GPAQ Think we can see $14+ again early this week...Profit taking tapered off Friday afternoon... I think our sellers took their profits and moved on... They will be the ones chasing to get back in here this wee as we get closer the the merger vote on 6-30.. GPAQ already has the majority 52.1% votes needed to pass this so it is a no brainer for me here and will be adding early Mon and Tue... Like printing money to me...
Thanks for the detailed answer, I will keep that.
Next week is going to be bank!
That is a great strategy for sure ytse... $GPAQ $GPAQW
As for me, I buy warrrant only if the SPAC has a target company in its
sight, or at least has a LOI, I may miss the ground zero price but I know there is something target company the SPAC is working on.
GPAQ has a target.
SHLL IPO on Feb. 20, 2020, yesterday, 06/20/2020, it announced a target,
HYLIION, will complete the merger by the end of 3rd this year. This SHLL management team is really focuses its end game. I have SHLL/WS, let me see
how it turn out.
What the Heck is a SPAC?
SPAC is an acronym for special purpose acquisition company. Also known as a “blank-check company,” a SPAC is a cash-rich shell company that raises money from investors in an initial public offering and seeks to acquire a private acquisition target over a fixed time period. Simply stated, it serves as a vehicle to bring a private company to the public markets.
SPACs have emerged in recent years as a viable alternative to the traditional initial public offering as a way for a private company to complete a going-public transaction. Its emergence as an asset class has been made apparent by its fast growth over the past few years.
Source: S&P Global
After the economic hangover from the 2008–2009 global financial crisis, SPAC issuance was left for dead. However, over the past three years, SPAC financing has come back with a vengeance. In 2019, SPAC financings reached a record annual haul of $12 billion. Last year, the 59 special purpose acquisition company IPOs represented 25% of total initial public offerings. In the first quarter of this year, the trend continued with 13 SPAC IPOs, which represented nearly 30% of all initial public offerings.
There are currently 98 SPACs outstanding representing an aggregate market value of $27.5 billion. Accelerate’s proprietary AlphaRank SPAC Monitor showcases all outstanding SPACs.
SPACs are a legitimate, multi-billion-dollar asset class that is here to stay, while offering a unique arbitrage opportunity for enterprising investors.
How Do SPACs Work
The typical SPAC is a Delaware corporation that completes an IPO for as little as $40 million to as much as $800 million, although there isn’t a set minimum or maximum. Over the past two years, the average SPAC initial public offering has raised $234 million.
In the IPO, a SPAC offers units to investors for $10.00 per unit. Each unit consists of a common share and a fraction of a warrant. Units contain anywhere from 0.25 warrants per unit to as much as a full warrant per unit. The warrant terms are such that they offer the investor the option to buy more shares at $11.50 per share in the future (as long as five years), giving a SPAC unit investor further upside on the performance of the company.
Capital raised in the IPO is placed in a trust account, which is tightly governed. This capital may only be invested in the safest securities — typically U.S. treasuries of tenors less than 185 days. These funds cannot be used to finance the operations of the blank-check company as it searches for an acquisition target. The capital raised in the IPO remains in the trust account accruing interest and is only used to acquire a company or to distribute to redeeming shareholders. To provide the necessary working capital, the SPAC sponsor subscribes to private placement warrants, which will allow the sponsor to buy shares at $11.50 after it completes a business combination. This investment in private placement warrants represents capital at risk for the sponsor. If they do not get a deal done within the allotted time frame, the millions of dollars spent on the private placement warrants are lost. The private placement warrant financing provides working capital to the SPAC, so the IPO proceeds in trust remain untouched until the deal vote, business combination or company liquidation.
Where is the upside for the sponsor or promoter of the SPAC? In exchange for setting up the blank-check company, funding the working capital through a subscription of private placement warrants and searching for a business combination, the sponsor is given founder shares for nominal consideration. These founder shares convert to 20% of the pro-forma equity once a business combination is complete. If a SPAC fails to complete a business combination within the specified time frame, these founder shares become worthless as are the private placement warrants. There is immense financial pressure for a sponsor to get a deal done.
For the GPAQ common stock, it's stated:
What will GPAQW warrant holders receive_in_the_Business_Combination?
Upon completion of the Business Combination, all of the warrants to purchase GPAQ Common Stock will be cancelled and exchanged for Holdings Warrants to purchase 1.421333 shares of Holdings Common Stock per warrant on the same terms and conditions as the original warrants.
$GPAQW 23 Board Followers Friday evening... Hope we can get to 50+ over the weekend and think we can if everyone does a little spreading the word on what a awesome opportunity we have here with GPAQ/W... Truly getting in on the ground floor here! That is one thing I LUV with these SPAC's....
#SHELL #MERGER #halloffame #NFL $NBA #acquisition #jamesdolan #nyknicks
depends on the market and fomo
Imo it's going to be tested and maybe more.
Agreed. After merger and name/ticker change when the fireworks kick in high gear, imho.
Most of the spacs had their moves after the mergers were complete I think July 4th would be a good day for some fireworks to begin
Yes, you will be able to Fanthos...The new symbol will be HOFVW
You are correct sir.
I think they will be a lot higher than that. Good opportunity to pick em up today.
Nice thank you GC for all your efforts on this. One more day (today) of consolidation, then off to the races next week, imo.