IPO SPAC APO DPO RM AND DA board

[Golden Cross]

Thank you... Great sector

[JohnCM]

Cannabis SPAC Silver Spike Acquisition Corp II Raises $250 Million in NASDAQ IPO

March 11, 2021 at 10:30 am
Published by NCV Newswire

Silver Spike Acquisition Corp II Announces Pricing of $250 Million Initial Public Offering

NEW YORK, March 11, 2021–(BUSINESS WIRE)–Silver Spike Acquisition Corp II (the “Company”) announced today that it priced its initial public offering of 25,000,000 units at $10.00 per unit. The units are expected to be listed on The Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “SPKBU” beginning on March 11, 2021. Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on Nasdaq under the symbols “SPKB” and “SPKBW,” respectively.

The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses in the cannabis industry that are compliant with all applicable laws and regulations within the jurisdictions in which they are located or operate. The management team and board of directors are composed of veteran cannabis and finance industry executives and founders, including Scott Gordon, founder and CEO of the Company, who began investing in the cannabis industry in 2014 and in 2016 co-founded Egg Rock Holdings, parent company of the Papa & Barkley family of cannabis products with related subsidiary assets in manufacturing, processing and logistics and served as its Chairman until 2019; and Dr. Orrin Devinsky, director of the Company, who is the director of the NYU Langone Comprehensive Epilepsy Center and is a Professor of Neurology, Neuroscience, Psychiatry and Neuroscience at the NYU School of Medicine and who, since 2016 has served as the Chair of the Medical Advisory Board at Tilray, a pharmaceutical and cannabis company.

Credit Suisse and Stifel are acting as joint book-running managers of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any.

[Golden Cross]

$NGA Lion’s Key Investment Highlights

[Golden Cross]

$NGA Transaction Summary

Transaction
~ Northern Genesis Acquisition Corp. (“Northern Genesis”) (NYSE: NGA) is a publicly listed special purpose
acquisition company with ~$320mm cash held in trust

~ The Lion Electric Co. (“Lion”), a designer, manufacturer and distributor of all-electric medium and heavy-duty
urban vehicles, to combine with Northern Genesis

~ Lion to be the surviving entity; name to be The Lion Electric Company upon closing of the transaction
Listing / Ticker
~ Pro forma company expected to trade on the NYSE under the new ticker symbol “LEV”
Valuation
~ Transaction values the combined entity at an enterprise value of ~$1.5bn

Transaction Proceeds
~$500mm(1) of cash to pursue Lion’s growth strategy based on cash held in trust and PIPE proceeds

~ $200mm fully committed PIPE offering to close concurrently with business combination

~ Growth strategy includes expansion of manufacturing capacity in the U.S., development and automated
assembly of advanced battery systems and other general corporate purposes

~ Expected Closing: Q1 2021

[JohnCM]

SPAC ATTACK!!!

I like the $10.00 entry.

Looking for new ticker. Choice Consolidation.

[TheFinalCD]

Investors Can’t Get Enough of Europe’s New SPAC Kingpins

https://www.bnnbloomberg.ca/investors-can-t-get-enough-of-europe-s-new-spac-kingpins-1.1569376

[Golden Cross]

$RAAC +2.95 PM

[TheFinalCD]

SPAC NEWS 2-24-21 $AONE/WS $DMYI/WS $RAAC $RAACW $RMBG $RTP/WS

the "R's" have it ....did I miss any new SPAC's? let me know~!

[TheFinalCD]

$RAAC NEW SPAC https://www.wsj.com/articles/warehouse-robotics-provider-berkshire-grey-to-go-public-through-spac-deal-11614164400

[JohnCM]

Tesla $1.5B Bitcoin Purchase Was Facilitated By Soon-To-Go-Public Coinbase

Wed, February 17, 2021
Benzinga by Shivdeep Dhaliwal

Cryptocurrency exchange Coinbase facilitated the $1.5 billion purchase of Bitcoin (BTC) by Tesla Inc (NASDAQ: TSLA), the Block reported Wednesday.

What Happened: The purchase for the Elon Musk-led company was executed in the first week of February over the course of several days, as per the Block.

The order was reportedly routed to several over-the-counter trading desk in the same way Coinbase conducted the purchase for MicroStrategy Incorporated (NASDAQ: MSTR).

Coinbase’s prime brokerage arm has more than five Fortune 500 companies as clients, a source told the Block.

Why It Matters: Cryptocurrency exchange Coinbase is being valued at nearly $77 billion as it prepares to go public, which is greater than Intercontinental Exchange Inc (NYSE: ICE), the owner of the New York Stock Exchange, CoinDesk reported.

The exchange’s heady valuation comes at a time when BTC hit an all-time high of above 52,000 on Wednesday.

The valuation is based on the trading in Coinbase’s privately held shares on the Nasdaq Private Market at $303 apiece, people familiar with the matter told CoinDesk.

“The first week it was 200 bucks a share, the second week it was $301 a share, and the third week it was $303 a share. So you can kind of see price discovery happening,” as per the publication’s source.

At the time Coinbase announced its IPO plans in December, the company was valued at ( ) billion based on a 2018 funding round.

The cryptocurrency exchange is running an anonymous order book ahead of its direct listing, the date for which is not yet known, noted CoinDesk.

Nearly 254 million shares in the cryptocurrency exchange will be outstanding and available to trade as and when the company goes public, people familiar with the IPO told CoinDesk.

Price Action: Tesla shares closed nearly 0.2% higher at $798.15 on Wednesday and fell 0.56% in the after-hours session. BTC traded 6.12% higher at $52,225.99.

[JohnCM]

IHUB discussion board
VRNO Verano Holdings 02/17/2021 07:34:59 PM
Remove From Favorites Reset New Post Count More...

[JohnCM]

VRNO CN

[TheFinalCD]

VRNO/CN?

[JohnCM]

Owner of Zen Leaf marijuana shops soars on first day of trading, boosting Chicago’s role as corporate weed capital of U.S.

By ROBERT CHANNICK
CHICAGO TRIBUNE
FEB 17, 2021 AT 3:48 PM

Verano Holdings began trading Wednesday on the Canadian Securities Exchange, becoming the third Chicago weed company to go public north of the border.

The company completed a complex reverse merger last week, raising $100 million through a subscription offering that valued Verano at $2.9 billion. The stock will trade under the ticker symbol VRNO.

The deal included a merger with a Florida-based cannabis company, Alternative Medical Enterprises, giving Verano a 14-state footprint with production facilities and retail dispensaries operating mostly under the Zen Leaf and MUV banners. MUV is the name of Alternative Medical Enterprises’ stores and product.

George Archos, 41, a co-founder and CEO of Verano, said going public will enable the company to continue to expand as more states legalize recreational marijuana.

“We would like to continue to expand within our current footprint, if we’re allowed by regulatory bodies within those states,” Archos said. “Then depending on our bandwidth and how things are moving along and what’s happening across the country, we’ll look at expansion outside of our footprint.”

The Verano IPO priced 10 million shares at $10 each, which is about $12.70 in Canadian dollars. The stock closed at CA$31.40 a share on the first day of trading Wednesday, boosting Verano’s market cap to nearly US$7.2 billion.

Verano was started as an Illinois medical marijuana growing operation in 2014 by Archos, a restaurateur whose culinary portfolio includes four Wildberry Pancakes and Café locations in Chicago and the suburbs.

Illinois remains at the center of Verano’s operations, with eight retail locations in the state. The newest is a Zen Leaf dispensary in northwest suburban Prospect Heights, which opened in December.

About a third of the company’s 1,600 employees are in Illinois, Archos said, a number he expects to grow as the company scales up.

Weed is legal in 36 states, including 15 that allow recreational use, though a November ballot initiative that legalized it in South Dakota is being challenged in court. Illinois legalized recreational marijuana at the beginning of 2020, and last year topped $1 billion in sales at more than 80 retail dispensaries across the state.

Chicago, by way of Canada, has become the corporate nexus of publicly traded weed companies in the U.S.

Verano joins Chicago-based competitors Green Thumb and Cresco Labs on the Canadian Securities Exchange. Companies are unable to trade on U.S. exchanges because weed is a still a federally controlled substance.

A fourth Chicago-based company, Choice Consolidation, filed an updated prospectus last week looking to raise $150 million through an initial public offering, also on the Canadian exchange. The company, led by Joe Caltabiano, co-founder and former president of Cresco, plans to use the proceeds to buy existing cannabis businesses across the U.S.

Archos said stricter Illinois regulations weeded out less business-savvy operators and helped Illinois companies succeed in other states as well.

“Illinois started its program as one of the most heavily regulated the industry,” Archos said. “And for the first time you had some real entrepreneurs that were business-oriented that entered the cannabis industry. So I think that you have seen some of the strongest multistate operators come out of Chicago.”

Research firm Euromonitor projects legal cannabis sales will more than triple to $98 billion globally by 2025.

The appetite for investing in the cannabis industry is growing, but has been limited because the substance remains illegal under federal law, which has discouraged some banks from lending money and forced public companies to trade in Canada.

The regulatory climate may be changing, however.

Green Thumb, which began trading in Canada in 2018, broke new ground with an initial public offering last week registered with the Securities and Exchange Commission, with an undisclosed institutional investor buying $100 million worth of the subordinate voting shares.

“The capital forming around the business is important, because it tells you that people see the upside, and they see the potential going forward,” said Andy Grossman, head of capital markets for Green Thumb, which has a market capitalization of about $8 billion.

Grossman said the promise of a more favorable federal regulatory environment under the Biden administration, from less restrictive banking laws to full legalization, may be emboldening investors and unleashing pent-up demand.

But Eric Berlin, an attorney with the Chicago-based cannabis legal team at the law firm Dentons, said trading may still be exiled to Canada for a few more years, with the U.S. exchanges unwilling to list companies that sell a federally controlled substance.

“I think that we have a good chance of getting some cannabis reform passed through Congress in the next two years,” Berlin said. “I am skeptical that we’ll see a truly plant-touching company listed on one of the exchanges this year.”

[JohnCM]

OTC Markets
Canndoc
Choice Consolidation
"No Results Match Your Search Query"

[Golden Cross]

CCIV Rebounding

[JohnCM]

SPAC Week II: Canndoc And The Parent Company (Podcast)

Feb. 17, 2021 8:00 AM ET
Seeking Alpha
Subversive Real Estate Acquisition REIT LP (SBVRF), GRAMFAPHA, CNBS, CWBHF...

Summary

Michael Auerbach returns to discuss Subversive's recent deal with leading Israeli cannabis company, InterCure, and gives an update on The Parent Company.

https://seekingalpha.com/article/4406585-spac-week-ii-canndoc-and-the-parent-company?mail_subject=the-cannabis-investing-podcast-spac-week-ii-canndoc-and-the-parent-company&utm_campaign=rta-author-article&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha

Why Subversive pivoted from a REIT to a SPAC.

Canndoc's compelling financials, brands and trading on Nasdaq.

Opportunity in GRAMF and other US players still trading at a discount.
Listen on the go! Subscribe to The Cannabis Investing Podcast on Apple Podcasts, Google Podcasts, Spotify, and Stitcher.

More Cannabis Investing Podcasts »

Michael Auerbach, Founder and Chairman of Subversive Capital and The Parent Company (OTCQX:GRAMF) came on the show for our first SPAC Week and returns to discuss Subversive Real Estate's (OTCPK:SBVRF) recent deal with future Nasdaq entrant InterCure/Canndoc (a wholly owned subsidiary of InterCure), the biggest cannabis company in Israel. He also catches us up on The Parent Company and where investors should be focused.

Topics include:

Subversive was initially launched as a REIT, as a competitor to IIPR, but it didn't work - a few technical reasons why. Spent time regrouping, trying to launch The Parent Company and looking for another target. Looked broadly at cannabis and non-cannabis. Nothing else in the US looked compelling, especially with Israel looking to go adult-use, has ties to Israel, called CEO of Canndoc/InterCure. Within 24-48 hours they had a signed letter of intent. Was concerned about announcing a deal so soon after The Parent Company, so waited on announcing that.

Subversive structured as an LP not a Corp, and not a REIT - that will convert on closing of transaction. Lesson learned - don't put it in the title in case the deal doesn't go through. SBVRF or SBX.U is best way to play it now, on closing it will be on Nasdaq and on Tel Aviv Stock Exchange.

GRAMF ticker change didn't go as smoothly as they had planned - was still trading under Subversive ticker because it was a holiday weekend with Dr. Martin Luther King Jr. Day. Different names floating around confusing to investors, and frustrating, but it will be cleaned up.

InterCure deal - had a deal with Charlotte's Web (OTCQX:CWBHF), Tilray (NASDAQ:TLRY) and Aphria (NASDAQ:APHA). Had been looking for opportunity in cannabis in Israel and Former Prime Minister Ehud Barak brought the company to his attention, CEO Alex Rabinovitch has invested $25 million of his own capital and has been CEO for the past 5 years. Israeli market having 13 limited license holders and with the market growing, Canndoc seemed the best choice for commanding market share and handling balance sheet.

Similarity with adult-use barriers between California and Tel Aviv - legal growers doing backdoor deals with illicit market. Adult-use still possible this year in Israel - more likely in Q1 or Q2 of next year. But still a bipartisan issue there.

Plan to have north of $200 million on balance sheet at closing - there won't be a competitor to Canndoc and that will push thesis of growing the Israeli market. $225 million in trust is a combination of institutional, hedge fund, 60% US, 30% Canada and 10% global - have raised $65 million PIPE, met all conditions of closing, no way it doesn't close. Plus access to US capital markets with the Nasdaq listing. Canndoc is the only profitable cannabis company outside of North America and has doubled revenue sequentially 4 out of the past 5 quarters and has been cash flow positive since Q3 2020.

Consolidating and dominating the market is the thesis both with Canndoc and The Parent Company. US companies will dominate this industry, especially being on the cusp of the end of prohibition and US brands will dominate the market, even globally. The Parent Company is perfectly positioned for that. With Israel, will be interesting to see what adult-use looks like, but that aside, Israelis love US brands - why Canndoc did a deal with Cookies, and they're perfectly positioned to capture similar market share in Israel. Exporting to Europe.

Future of brands in cannabis, what's in a company's name. Corporate names are less interesting than the brands.

The Parent Company - with the end of prohibition in the US imminent, there's a real opportunity to buy into US cannabis operators listed on senior exchanges in Canada. Still trading at a discount to peers, when stocks uplist to US exchanges they rerate. For instance, OTCQX:GTBIF just filed as a US registrant and raised $100 million.

Outside of the US, Canndoc and Israel is one of, if not the most, compelling opportunities. Similar to Trulieve (OTCQX:TCNNF) in 2016 when it went from 15% market share to over 50% - strategic, strong balance sheet and management. And Israel doesn't suffer from issues like 280E, so potential is formidable.

[TheFinalCD]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161885049&txt2find=CCIV

[JohnCM]

VRNO:CA
Trade Message
(000925) We are unable to process your order at the current time because there is no last trade price available for the security. Please try again later or call a Fidelity representative at 1-800-544-6666.

[TheFinalCD]

$VRNO ty for the info

VRNO IPO (reverse merger) tomorrow Canada.

VERANO HOLDINGS

https://veranogrown.com/

our footprint
14 total markets
11 operations markets
8 cultivation & production facilities
54 operational retail locations
76 total planned retail locations

[JohnCM]

VRNO IPO (reverse merger) tomorrow Canada.

VERANO HOLDINGS

https://veranogrown.com/

our footprint
14 total markets
11 operations markets
8 cultivation & production facilities
54 operational retail locations
76 total planned retail locations

Verano Holdings Announces Completion of Reverse Takeover and
Completes Merger with AltMed to Create a Profitable Market Leader in the U.S.

CHICAGO – February 11, 2021 – Verano Holdings Corp. (“Verano” or the “Company”) a leading multi-state
cannabis operator, is pleased to announce the closing of a reverse takeover (“RTO”) of Majesta Minerals Inc.
(“Majesta”), a reporting issuer in Alberta, Canada and the conditional approval of the Class A subordinate voting
shares (the “Subordinate Voting Shares”) of the issuer resulting from the RTO (the “Resulting Issuer”) for listing
on the Canadian Securities Exchange (“CSE”).

In connection with the RTO, the previously announced merger transaction (the “Merger”) of Verano Holdings,
LLC with Alternative Medical Enterprises LLC, Plants of Ruskin GPS, LLC, RVC 360, LLC and affiliated companies
(collectively, “AltMed”), fully-integrated medical marijuana companies operating in Arizona and Florida, has also
closed.

Closing of the RTO and Merger

The RTO and Merger were structured as a plan of arrangement under the laws of British Columbia, with certain
steps also occurring pursuant to the laws of Delaware. Former securityholders of Verano Holdings, LLC (and of
certain Verano subsidiaries) and AltMed received, through a series of transactions, Subordinate Voting Shares
and Class B proportionate voting shares (the “Proportionate Voting Shares”) of the Resulting Issuer, which, in
the aggregate and on an as-converted basis, constitute approximately 73.84% and 22.48%, respectively, of the
Resulting Issuer’s outstanding shares. The remaining shares are held by former shareholders of Majesta
(including participants in a financing completed in connection with the RTO) and AltMed’s financial advisor.

In addition to the share consideration, the Resulting Issuer will pay certain former AltMed security holders a total
of approximately US$35 million in installments. The first US$20M will be paid in cash in connection with the
closing and the remaining approximately US$15M obligation will be represented by promissory notes.

The RTO and Merger establishes Verano as one of the three largest multi-state operators (“MSOs”) in the U.S. by
2020 revenue and EBITDA, driven by a portfolio that spans 14 U.S. states, with active operations in 11 U.S.
States, including 54 operational retail locations. It also combines management teams that have significant and
diverse backgrounds, and bring experience from the pharmaceutical, real estate, manufacturing, agriculture and
hospitality industries, which all serve to shape the Company’s premium, comprehensive offerings that
encompass both medically-focused and lifestyle products across four CPG brands: Verano™, Avexia™, Encore™
and MÜV™ and two retail store brands: Zen Leaf™ and MÜV™.

In connection with the closing of the RTO and Merger, the following individuals were appointed to Verano’s
board of directors: George Archos, Co-Founder and CEO of Verano; Michael Smullen, Chairman, CEO and Co-
Founder of AltMed; Cristina Nuñez, Co-Founder and Partner of True Beauty Ventures, LP; and Edward Brown,
Chairman of Clear Golf.

“Today marks a significant step in Verano’s evolution and shared vision to be the most innovative and profitable
cannabis operator in the country. The combination with AltMed joins two complementary companies focused Verano on providing superior customer experiences. We have both been disciplined operators since inception, and together we anticipate continuing to generate strong profitability and an EBITDA margin that would rank us near
the top of our peer group,” said Mr. Archos. “Our public listing will provide us with access to capital to execute
our growth plan, including the organic growth of our retail presence and product portfolio in addition to the
pursuit of strategic acquisitions, with the goal of being a top three operator in the states in which we operate.”

Mr. Smullen also commented, “We have an enormous opportunity ahead of us for our employees, our
shareholders and our consumers. We are excited to combine our teams in Florida and Arizona with Verano’s
strategic, multi-state footprint to be able to offer our premium, high-quality MÜV products on more shelves,
and scaling both our wholesale and retail operations into new and existing markets.”

Completion of the RTO and Escrow Release

As part of the RTO, the Company implemented a dual class share structure such that the outstanding shares of
the Company consist of (i) 125,663,380.6484 Subordinate Voting Shares, and (ii) 1,643,366.1833 Proportionate
Voting Shares. Each Subordinate Voting Share carries one vote per share and each Proportionate Voting Share
carries 100 votes per share.

In connection with the RTO, among other things, 10,000,000 subscription receipts (the “Subscription Receipts”)
were issued by 1276268 B.C. Ltd., a special purpose financing vehicle created for the purpose of the Subscription
Receipt offering (the “Offering”). The Subscription Receipts were indirectly and automatically exchanged for
Subordinate Voting Shares upon completion of the RTO and the satisfaction of other escrow release conditions.

The Offering raised US$100 million with a pre-money valuation of US$2.8 billion. Certain proceeds from the
Offering of the Subscription Receipts were placed into escrow (the “Escrowed Proceeds”) upon completion of
the Offering as disclosed in the Company’s press release dated January 21, 2021. The Escrowed Proceeds were
released from escrow and ultimately received by the Company in connection with the consummation of the RTO and the Merger.

Verano received conditional approval from the CSE for the listing of the Subordinate Voting Shares under the
symbol “VRNO”. The Subordinate Voting Shares are expected to begin trading on the CSE at market open on
February 17, 2021. The Proportionate Voting Shares will not be listed for trading on the CSE but may be
converted into Subordinate Voting Shares in certain circumstances.
“Our public listing will provide us access to capital to execute our long-term strategy of expanding into limited-
license, high-growth markets and scaling our wholesale and retail operations into new and existing markets,”
added Mr. Archos. “Since Verano’s inception, we have maintained a disciplined focus on profitable growth, and
we have established a solid foundation which will allow us to achieve our goal of delivering industry-leading
EBITDA margins and sustainable value to our shareholders.”

For further details on the Company and the listing transaction, including the RTO and the Merger, please refer to
the Company’s listing statement which will be available on the Company’s profile at www.sedar.com.

About Verano
Verano, profitable since inception, is a leading vertically-integrated multi-state cannabis operator in the U.S. An
operator of licensed cannabis cultivation, processing and retail facilities, Verano is devoted to the ongoing
development of communal wellness by providing responsible access to regulated cannabis products to the
discerning high-end customer. The Company’s portfolio encompasses 12 U.S. States, with active operations in
nine, which includes 23 active retail locations and approximately 440,000 square feet across its six cultivation
facilities. Verano produces a full suite of premium, artisanal cannabis products sold under its trusted portfolio of
consumer brands: Encore™, Avexia™ and Verano™. Verano designs, builds and operates inimitable Zen Leaf™
branded dispensary environments that deliver a superior cannabis shopping experience in both medical and
adult-use markets. Learn more at verano.holdings/

About AltMed

The MÜV™ brand of medical cannabis infused products launched in Arizona in 2016 and quickly gained
international attention and recognition. MÜV Dispensaries by AltMed Florida was formed a year later through
the partnership of AltMed Enterprises and Plants of Ruskin, a multi-generational Florida agricultural leader.
Through continual research and development, MÜV has received multiple patents for its award-winning MÜV
Products line that provides quality, consistent and reliable medical cannabis products to patients at all 31
locations (one in Arizona muv-az.com, 30 in Florida muvfl.com, and more added each month). Patients are
encouraged to place reservations online at muvfl.com for in-store pickup, order for delivery, or visit any one of
the MÜV dispensaries for alternative medical cannabis medicine you can trust

[JohnCM]

2 BIG CANNABIS COMPANIES ON THE WAY

VERANO - VRNO (CSE) 02/17/2021

CHOICE CONSOLIDATION (NO TICKER YET)

[JohnCM]

[Golden Cross]

$PSTH my #1 SPAC right now... ~$20 floor here... Think something big is near....

[JohnCM]

You mean this?



How did you find this?

[Golden Cross]

NGA Taking off

[JohnCM]

Thanks!!

[TheFinalCD]

Wunong Net Technology Company (WNW) aims to raise $37 million in an IPO of its ordinary shares, according to an F-1 registration statement. Shenzhen, China-based Wunong was founded to create a food marketplace website that sells agriculture products to a variety of end users such as consumers, restaurants, lodging facilities and others.
IPO Launch: Wunong Net Technology Aims For $37 Million U.S ...
www.thestreet.com/ipo/news/wunong-net-technology-ipo-launch
www.thestreet.com/ipo/news/wunong-net-technology-ipo-launch

[Golden Cross]

$TTCF Tattooed Chef, Inc. Analyst Day Webcast

Link:
https://viavid.webcasts.com/starthere.jsp?ei=1411310&tp_key=b23aa2f8d2

[Golden Cross]

$LCA Landcadia II Announces Special Meeting Date To Approve Proposed Business Combination With GNOG

HOUSTON, Dec. 3, 2020 /PRNewswire/ -- Landcadia Holdings II, Inc. ("Landcadia II" or the "Company") (Nasdaq: $LCA ) announced today that it has scheduled the special meeting in lieu of the 2020 annual meeting of its stockholders (the "Special Meeting") for December 18, 2020 at 10:30 a.m., Eastern time, to, among other things, approve the proposed business combination (the "Business Combination") between Landcadia II and Golden Nugget Online Gaming, LLC ("GNOG"). The Company also announced that it has filed its definitive proxy statement for the Special Meeting and has commenced mailing the definitive proxy statement to its stockholders of record as of October 29, 2020, the record date for the Special Meeting (the "Record Date"). The closing of the Business Combination is subject to approval by Landcadia II's stockholders and the satisfaction of other customary closing conditions and is expected to close as soon as practicable following the Special Meeting.

Your vote is important no matter how many shares you own. You are encouraged to submit your vote as soon as possible. If you hold your shares in "street name," meaning that your shares are held at an account at a brokerage firm, bank or other similar agent, you may vote prior to the Special Meeting by using your voting control number and instructions provided to you by your brokerage firm, bank or other similar agent. Please contact your brokerage firm, bank or other similar agent to ensure your shares are voted. If you are a stockholder of record, you may vote prior to the Special Meeting by signing, dating, and mailing your proxy card in the return envelope provided with your proxy material.

If you have any questions or need assistance voting your shares, please contact Morrow Sodali LLC, our proxy solicitor, by calling [phone], or banks and brokers can call collect at [phone], or by emailing [e-mail].

About GNOG
Golden Nugget Online Gaming, Inc. is a leading online gaming company that is owned by a company wholly owned by Tilman J. Fertitta. It is considered a market leader by its peers and was first to bring Live Dealer and Live Casino Floor to the United States online gaming market. GNOG was the recipient of 15 eGaming Review North America Awards, including the coveted "Operator of the Year" award in 2017, 2018, 2019 and 2020.

About Landcadia Holdings II, Inc.
Landcadia Holdings II, Inc. is a company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses that is co-sponsored by Fertitta Entertainment, Inc. and Jefferies Financial Group Inc.

Important Information About the Business Combination and Where to Find It
Landcadia II has filed a definitive proxy statement with the Securities and Exchange Commission (the "SEC") for the Special Meeting to be held in connection with its Business Combination with GNOG. Landcadia II's stockholders and other interested persons are advised to read the definitive proxy statement and documents incorporated by reference therein filed in connection with the Business Combination, as these materials contain important information about GNOG, Landcadia II and the Business Combination. The definitive proxy statement and other relevant materials for the Special Meeting were mailed to stockholders of Landcadia II as of the Record Date. Landcadia II's stockholders may also obtain copies of the definitive proxy statement and other documents filed with the SEC that will be incorporated by reference therein, without charge, at the SEC's web site at www.sec.gov, or by directing a request to: Landcadia Holdings II, Inc., 1510 West Loop South, Houston, Texas 77027, Attention: General Counsel, [phone].

Participants in the Solicitation
Landcadia II and its directors and executive officers may be deemed participants in the solicitation of proxies from Landcadia II's stockholders with respect to the Business Combination. A list of the names of those directors and executive officers and a description of their interests in Landcadia II is contained in Landcadia II's definitive proxy statement, which was filed with the SEC and is available free of charge at the SEC's web site at www.sec.gov, or by directing a request Landcadia Holdings II, Inc., 1510 West Loop South, Houston, Texas 77027, Attention: General Counsel, [phone].

GNOG and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of Landcadia II in connection with the Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the Business Combination is included in the proxy statement for the Business Combination.

Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Landcadia II's and GNOG's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Landcadia II's and GNOG's expectations with respect to future performance and anticipated financial impacts of the Business Combination, the satisfaction of the closing conditions to the Business Combination and the timing of the completion of the Business Combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Landcadia II's and GNOG's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the purchase agreement for the Business Combination (the "Purchase Agreement") or could otherwise cause the Business Combination to fail to close, (2) the outcome of any legal proceedings that may be instituted against Landcadia II and GNOG following the announcement of the Purchase Agreement and the transactions contemplated therein; (3) the inability to complete the Business Combination, including due to failure to obtain approval of the stockholders of Landcadia II or satisfy other conditions to closing in the Purchase Agreement; (4) the impact of COVID-19 on GNOG's business and/or the ability of the parties to complete the Business Combination; (5) the inability to obtain or maintain the listing of Landcadia II's shares of common stock on The Nasdaq Stock Market following the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of GNOG to grow and manage growth profitably and retain its key employees; (8) costs related to the Business Combination; (9) changes in applicable laws or regulations; (10) the possibility that GNOG or Landcadia II may be adversely affected by other economic, business, and/or competitive factors; and (11) other risks and uncertainties indicated from time to time in the proxy statement relating to the Business Combination, including those under "Risk Factors" therein, and in Landcadia II's other filings with the SEC. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Neither GNOG nor Landcadia II undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

Cision View original content:http://www.prnewswire.com/news-releases/landcadia-ii-announces-special-meeting-date-to-approve-proposed-business-combination-with-gnog-301185535.html

SOURCE Landcadia Holdings II, Inc.


Copyright 2020 PR Newswire

Landcadia Holdings II (NASDAQ:LCA)
Historical Stock Chart
From Nov 2020 to Dec 2020 Click Here for more Landcadia Holdings II Charts.

[JohnCM]

"The Big Short"

[Golden Cross]

From eTrade

This security is "hard-to-borrow." Since this order is being entered outside of regular market hours, an attempt will be made to locate the shares to borrow for this order prior to market open on the next trading day. You will receive a notification the next trading day indicating whether we are able to locate the shares. If we are able to borrow the shares, the order will be sent to market prior to the open. Please note that the actual rate charged for holding the short position may be higher or lower than the Estimated Borrow Rate. Applicable interest will be charged on each short position you open whether the position is held overnight or day traded. Positions opened and closed on the same day will incur a minimum of one day interest or multiple days interest if settlement spans weekends or holidays.

They will allow the trade it looks like... I have not place it yet...This was a test order to see if I could...GL

[JohnCM]

Fidelity Investments

DASH

Hard to Borrow
Shortable Shares 0
Est. Annual Interest Rate 0.25%
The availability of this security is limited. For more information, please call 1-800-544-6666.

Status please? Do you see the availability of shares to short changing in the near future?
JohnCM

[Golden Cross]

SHORT DOORDASH RIGHT NOW!!

Nice Call !!!

[JohnCM]

Airbnb is set to debut as a public stock Thursday on Wall Street, one day after the online marketplace for home rentals priced its initial public offering at $68 per share. That was above the most recent expected per-share range of $56 to $60, valuing the company at about $47.3 billon. (Reuters)

Airbnb's IPO follows the huge market debut of DoorDash (DASH). Shares of the food delivery service were under some pressure in premarket trading after skyrocketing more than 85% on Wednesday. The closing price values DoorDash at $60.2 billion, about 10 times larger than stock market rival GrubHub. (CNBC)

* C3.ai IPO skyrockets with 100%-plus gain in its first day of trading (CNBC)
* PubMatic, a 14-year-old ad tech company, pops nearly 50% on IPO (CNBC)

SHORT DOORDASH RIGHT NOW!!

[JohnCM]

Verano announced that it will IPO sometime in the next few weeks.

It will be the 5th biggest MSO.

A few facts:

-Founded in 2014
-Has around 1600 employees
-Has 8 cultivation & production facilities
-Has just under 700k sq.ft cultivation space.
-It operates in 14 states.
-Currently has 46 retail locations (76 planned)
-Est. 2021 revenue at US$790M

[JohnCM]

Thank you!

[TheFinalCD]

https://ih.advfn.com/stock-market/NYSE/northern-genesis-acquisi-NGA/stock-news/83788714/la-compagnie-electrique-lion-un-placement-de-powe

https://www.finviz.com/quote.ashx?t=NGACU

[Golden Cross]

$LCA Golden Nugget Online Gaming Secures West_Virginia_Market_Access
https://apnews.com/press-release/pr-newswire/travel-business-sports-technology-lifestyle-c0757357b99e6b7601cf9cb115d0c9f8

[JohnCM]

Airbnb's IPO will cap off its resilient rebound

Nov 15, 2020
Dan Primack, author of Pro Rata
Axios

Airbnb will flip its IPO filing on Monday afternoon, setting itself up to go public before year-end.

Why it matters: This would cap off a resilient rebound for a company that many left for dead after the pandemic hit. As a source close to the company tells me: "Everyone knows Airbnb had a good Q3, but people may be surprised by just how good it was."

What to expect: This will be a traditional IPO, not a "hybrid" that includes some sort of direct listing. Airbnb did at least briefly consider the hybrid structure, but was quickly turned off by what it believed would be an extra one to three months of regulatory "testing."

There should be a small secondary piece for early shareholders, but uptake was relatively light given the broader hospitality sector challenges.

Airbnb "hosts" will not be given cash bonuses to buy shares. This is partially for regulatory reasons, but more because a similar (and laudable) effort by Uber went so poorly.

The company instead is putting aside 9.2 million shares for an "endowment" that's intended to help hosts in areas like education and emergency financial aid. It becomes effective once those shares reach $1 billion in value, with CEO Brian Chesky making an additional personal commitment of shares valued at over $100 million.

The filing will detail a new equity compensation plan for Chesky, who is pledging to donate all of his future equity comp to philanthropic causes.
Financials: Airbnb is expected to show its past five years of results.

This would include profitability in 2017 and 2018, but a net loss in 2019.

It's unclear how granular it will get on the 2020 results, in terms of segments. But what we know is that its cross-border business basically disappeared with the pandemic, as did much of its urban apartment rental business. On the upside have been suburban and rural rentals, including long-term bookings that previously weren't a core offering.

The big picture: Wall Street sources say they aren't concerned that the imminent IPO flood will lead to attention and/or capital deficit.

In addition to Airbnb, expect upcoming listings for DoorDash (already filed), Affirm, Roblox and Wish.

"Fund managers have been looking at these companies for a while, even if they didn't have the IPO prospectuses, and fortunately from a capital allocation perspective, there isn't much overlap in terms of industry sector," one banker explains.

There's also the recent failure of Ant Group's mega-offering, which could free up some cash (particularly for Affirm, since it's a fintech).
The bottom line: Airbnb has been teasing this IPO, both internally and externally, for well over a year. The wait is almost over.

[price_and_volume]

IPO Candy



With the election results behind us (finally) the IPO market is getting back to work. There are a handful of deals in marketing as we start the week but this number is likely to expand rapidly as companies try and get out during the pre-Thanksgiving holiday window. There were also some recent filings including the "Russian Amazon", Ozon (OZON), which are likely to get our attention.

Another new development this week is a de-SPAC that is marketing a private placement as part of their business combination using the traditional IPO roadshow process. I wonder if we'll see more of this. The company is Finance of America which is the target of Replay Acquisition Corp (RPLA). The company is another player in residential mortgage but aims to provide a broader range of product types like reverse mortgages and "fix and flip" quasi-commercial loans in addition to regular mortgages. You can see their marketing deck on SPACvest: Finance of America.

Aeva is another technology company specializing in what they call "4D LiDAR" has announced their plans to come public via a SPAC, InterPrivate Acquisition (IPV). We now have Velodyne Lidar (VLDR) and Luminar (GMHI) in this group. The presentation is posted at both IPO Candy and SPACvest. Here's a link for it: InterPrivate proposed combination with Aeva.

THIS WEEK - This week we will see a handful of deals priced but the fireworks will probably begin next week with an eye to price by the 20th.

IN8Bio (INAB) is the larger deal on the calendar for this week but still it's only $75M in size with a $325M market cap. This is another T cell-based cancer therapy developer with two drugs in Phase 1 trials. Current range is $15-17 with Barclays leading.

Compass Therapeutics (CMPX) is similar in size and is also a cancer treatment although they are instead focused on regulating immune response in certain cancer patients. Current range is $5-6 with Citi and Credit Suisse leading.

There's a very small holdover deal, Inhibikase Therapeutics (IKT) that is still on the calendar and could price this week. It's only a $15M deal at a $140M market cap with ThinkEquity leading. They are targeting Parkinson's Disease and have a drug candidate that they expect to commence dosing as soon as the deal is complete. That suggests they are open to increasing the size of the deal while reducing the share price to get it done. Current range is $10-12.

There's also a SPAC on the calendar - Natural Order Acquisition (NOAC) is offering $200M to find a combination in "plant-based food and beverages." We're pretty happy with Tattooed Chef (TTCF) which came out of the FMCI SPAC. And of course Beyond Meat (BYND) remains the big leadership name in this group sporting a 25x P/S ratio and a $10B market value.

We're not planning to dig into these but expect to start working on the deals coming next week. We also have a few additional updates for the Model Portfolio that we missed when we did our update last week: Model Portfolio Changes November 2020.

FarFetch (FTCH) sure started out of the gate at a gallop thanks to a huge investment which is a signal that they are likely to remain in the leadership position when it comes to high fashion and e-commerce.

Let's hope we can all put our differences aside and work together to make things better for everybody.

source

[JohnCM]

The Forest Road Company's SPAC Forest Road Acquisition files for a $250 million IPO

Shaquille O'Neal, former Disney executives, and Martin Luther King Jr.'s son target $250 million SPAC launch

October 8, 2020
FRX.U

Forest Road Acquisition, a blank check company formed by Forest Road targeting TMT businesses, filed on Thursday with the SEC to raise up to $250 million in an initial public offering.

The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable $11.50. At the proposed price, Forest Road Acquisition would command a market value of $313 million.

The company is led by CEO and Director Keith Horn, founder and managing member of investment advisory firm Loring Capital Advisors, and Chairman and CIO Zachary Tarica, founder and CEO of specialty financing firm Forest Road. Forest Road Acquisition plans to target the TMT industry, with specific focus on the new audience aggregation platforms transforming the TMT landscape, premium intellectual property driving significant value expansion, and other broad themes.

Forest Road Acquisition was founded in 2020 and plans to list on the NYSE under the symbol FRX.U. Cantor Fitzgerald is the sole bookrunner on the deal.

Forest Road Acquisition Filed Terms, NYSE: FRX.U
Blank check company formed by Forest Road targeting TMT businesses.

Industry: SPAC
FRX.U

We are a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. We currently intend to concentrate our efforts on identifying businesses in the technology, media, and telecommunications (“TMT”) space that align with the following macro themes: new audience aggregation platforms transforming the TMT landscape; premium intellectual property (“IP”) driving significant value expansion; consumer behavior fundamentally changing; cutting-edge technologies facilitating new offerings; evolving ecosystem reshaping traditional business models; and companies in need of capital due to idiosyncratic market conditions. We will seek to capitalize on the significant experience, relationships, and contacts of our officers and directors, The Forest Road Company, the managing member of our Sponsor (“Forest Road”), and strategic advisors to complete our initial business combination. We believe that our team’s distinguished and long-term track record of sourcing, acquiring, and building next-generation media and entertainment platforms, along with other investments and operational experience in consumer-facing industries, will provide us with differentiated consumer insights and sourcing opportunities.

IPO News for Forest Road Acquisition
The Forest Road Company's SPAC Forest Road Acquisition files for a $250 million IPO 10/08/20

IPO Data
IPO File Date 10/08/2020
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Cantor Fitzgerald
Guggenheim Securities
Company Data
Headquarters New York, NY
Founded 2020
Employees 4
Websitewww.forestroadco.com
IPO Market Benchmark (IPOUSA)

[JohnCM]

Fisker to establish new technology center in San Francisco

26 September 2020

Fisker Inc. announced details surrounding its first dedicated engineering and technology center, to be located in the Mission District of San Francisco. This facility will be the focal point and development center for the company’s software and vehicle electronics, including both in-car and Fisker data center elements.

"With the development of our first vehicle progressing at speed and the company scaling accordingly, we are now establishing the facilities that can support our expansion. As a company born in California, we wanted to draw on all the diversity, creativity and technical capability this state is famous for. We’re calling the San Francisco office ‘Source Code’ – which also marks the start of a naming convention for all our facilities going forward."

—Henrik Fisker, chairman and CEO of Fisker Inc.

Fisker is planning a portfolio expansion to a four-vehicle range by 2025. In addition to the Ocean SUV, the four-vehicle lineup will include a super-sports sedan based on the EMotion concept, an extreme sports crossover and a new segment-changing lifestyle pickup truck.

Each vehicle will be delivered utilizing durability-tested platforms, battery packs and component systems from industry-leading technology suppliers and automotive firms, with specific Fisker engineering input.

Fisker’s Design and Engineering teams are developing Fisker-specific IP and customer features, consistent with the Fisker brand. In creating its FF-PAD (Fisker Flexible – Platform Adaptive Design) development process, the company has enabled itself to be platform agnostic and intends to make the final selection on the platform for the Ocean shortly, consistent with the intended start of production, projected for Q4 2022.

[JohnCM]

For me, the best performing SPAC last 5 trading days.

IPOB. Openhouse.

[JohnCM]

Stop spamming my inbox please.

[JohnCM]

I get it GC. Now leave me alone. You are spamming my inbox.

[Golden Cross]

Get with the game..yer not following

[JohnCM]

Did the RSI(14) hit 80? A disciplined investor would have taken 25% off the table.

[Golden Cross]

$FMCI Investor Presentation

Presentation Link:
https://forummerger.com/tcip.pdf

[dijeetyet]

Bookmarked !