Enzolytics Inc (ENZC)

[TheCoach]

Hey MAGA! Good morning. On a break from some chalk talk. There can be a lot of moving parts to a SPAC deal:

https://www.investopedia.com/terms/s/spac.asp

Are they bad?:

In 2019, SPAC IPOs raised $13.6 billion. This was more than four times the $3.5 billion they raised in 2016. Interest in SPACs increased in 2020 and 2021, with as much as $83.4 billion raised in 2020 and $162.5 billion in 2021. As of March 13, 2022, SPACs have raised $9.6 billion.
SPAC Insider. “SPAC Statistics.”

Real-World Examples of SPACs
Richard Branson’s Virgin Galactic was a high-profile deal involving special purpose acquisition companies. Venture capitalist Chamath Palihapitiya’s SPAC Social Capital Hedosophia Holdings bought a 49% stake in Virgin Galactic for $800 million before listing the company in 2019.
Donald Trump also used a SPAC deal to launch his Truth Social platform.

The article covers all of the pros and cons of a SPAC deal. SAGA is a shell company. This isn't like Chrysler buying Jeep or Publix buying Food Lion. It is a pass-through transaction. There are many on this board wondering where SAGA is going to get the $450M? Read and begin wondering who might be the third party "passing through" the $450 to complete the deal. Also note the reverse merger information in the article. Hope this helps. I'm not worrying about it. There is movement and that's what counts for my metrics, especially on the trade side. Heading back in. Have a great day!
Cheers,
Coach