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The Washington Independent
Best SPAC to invest in 2021

Best SPAC to invest in 2021

April 30, 2021 | Habiba Ashton
finance

Table of Contents

Intro Conclusion

Intro 

SPAC has recently lured many investors because of its performance despite the massive dip in the stock market. In fact, several industry analysts have predicted that 2021 will be the year of the SPAC.

A SPAC, also known as a blank check corporation or a special purpose acquisition company, is a publicly-traded firm that operates primarily to raise capital to purchase an existing private company.

SPACs are a way for businesses to go from being privately owned to being publicly traded in a way that is much less difficult than an IPO. In certain cases, the conventional method of going public can take years, and finding the best timing can be difficult. SPACs provide management and boards of directors with more opportunities for going public in a faster and more profitable manner.

You can invest in SPACs through your online brokerage account just like every other publicly traded stock since they are public corporations listed on major exchanges. You may also take a more diversified approach and purchase an exchange-traded fund (ETF) that focuses on SPACs to invest in a portfolio of them.

In 2021, market experts believe that SPAC will be a hit. So, here’s a list of the best SPAC to invest in in 2021.

FTOC 

A blank check corporation, FTAC Olympus Acquisition Corp., works on effecting a merger, share swap, asset acquisition, share purchase, reorganization, or similar business merger with one or more companies. The business was established in 2020 and is headquartered in Philadelphia, Pennsylvania.

FTOC began acquiring companies and just last year, it acquired Optile, a company located in Munich, Germany. The company literally closed February right before COVID, which prompted it to introduce its merchant services for its customers—the Payoneer. FTOC started with large customers and will roll out some services for small customers later this year.

That, the company believes, is the way it will do it in the future, and there are several different options. FTOC considers itself to be the customers’ best partner because they have so many opportunities and so many challenges. That means it is assisting them with a growing number of opportunities and needs.

FUSE 

Fusion Acquisition Corp. is a small company with limited activities. It focuses on combining one or more companies through a merger, capital stock swap, asset acquisition, stock purchase, reorganization, or other similar business combination. The business was established in the year 2020 and is headquartered in New York, New York.

MoneyLion Inc. (“MoneyLion”), America's leading digital financial network, and Fusion Acquisition Corp. (NYSE: FUSE) (“Fusion”) have reached an agreement in which MoneyLion will become a publicly traded firm. MoneyLion was founded on the premise that customers would be willing to pay in personal data and social capital in exchange for lower banking fees and prices. They've evolved into a mobile-first fintech company that provides integrated banking, including checking, deposits, loans, credit builder tools, paycheck deposit, automated ETF investing, robo-advisors, and now crypto.

This has been the catalyst for this SPAC. Many investors believe that its acquisition with MoneyLion is a good decision. Also, next week, Cramer will publish a list of good SPACs with quality management; given the considerable overlap between the management team, Goldman Sachs, and Cramer, $FUSE has a good chance of being on that list.

ALUS 

Alussa Energy Acquisition Corp. focuses on bringing together one or more companies through a merger, capital share swap, asset acquisition, stock purchase, reorganization, or other similar business mix. It plans to concentrate on the construction, production, and operation of crude oil and natural gas wells, as well as related infrastructure.

FREYR announced on January 29, 2021 that it will merge with Alussa Energy Acquisition Corp. (ALUS) to become a publicly traded firm, raising approximately $850 million in equity proceeds to accelerate the growth of renewable battery cell manufacturing capacity in Norway. Right now, there is an on-going production of batteries in Norway, which makes ALUS a good SPAC alternative.

THBR 

Thunder Bridge Acquisition II, Ltd. is a small company with limited operations. It aims to combine one or more companies through a merger, stock swap, asset acquisition, stock purchase, reorganization, or other similar business combination. Thunder Bridge Acquisition II, Ltd. is located in Great Falls, Virginia and was established in 2019.

 A few weeks ago, indie Semiconductor, an Autotech solutions pioneer that is currently integrating with Thunder Bridge Acquisition II, Ltd., announced a family of high-performance sensing solutions for automotive parking-assist applications. Automobile manufacturers are aggressively incorporating features such as intelligent parking-assist systems into their vehicles in response to growing global concerns about increased safety. With this the merger of THBR and indie is a good signal indicator for investors.

THCB

Tuscan Holdings Corp. is a small company with limited activities. It intends to merge, share swap, acquire assets, buy stock, recapitalize, reorganize, or engage in other similar business combinations with other companies and organizations. The firm was founded in 2018 and is headquartered in New York, New York.

The hottest topic about THCB right now is the annual shareholders meeting which was supposed to happen in May. In connection with it, Tuscan Holdings Corp., a Delaware company ("Tuscan"), filed a definitive proxy statement with the SEC on March 24, 2021. Tuscan also filed a preliminary proxy statement with the SEC on February 16, 2020 in connection with the proposed business combination transaction between Tuscan and Microvast, Inc., a Delaware company ("Microvast"), and intends to file a definitive proxy statement on March 16, 2020. (collectively, "Merger Proxy Statement").

HAAC 

Health Assurance Acquisition Corp. is a firm that writes blank checks. It plans to combine one or more companies through a merger, stock swap, asset acquisition, stock purchase, reorganization, or business mix. Healthcare Assurance Acquisition Corp. was the company's previous name until October 2020, when it changed to Health Assurance Acquisition Corp.

It has by far the best structure (with SAIL shares), excellent management, and a truly exciting vision for health care. HAAC has been selling at a discount since the unit split, which was a complete challenge as it took two weeks for the split shares to start trading.

CBAH 

CBRE Acquisition Holdings, Inc. is a small company with limited operations. It aims to combine one or more companies or properties through a merger, capital stock swap, asset acquisition, stock purchase, reorganization, or other similar business combination. The firm was founded in 2020 and is headquartered in Dallas, Texas.

CBAH, which was recently introduced, has a similar structure to HAAC. Many investors have been considering buying it in recent days, and for a more mature alternative, look at Ribbit's LEAP, despite their incorporation in the Cayman Islands being a big negative.

Conclusion

If you haven’t invested in SPAC, this is the best time to consider it. While many people are focused on stocks and crypto, you can also put some of your money in it while it’s hot. Yes, there are risks to consider since SPAC companies are basically structured to merge with another established business, but, considering that there are blank check corporations that are well-structured, it’s definitely worth trying.

Habiba Ashton | BCS Growth Fund (Israel) L.P., a private investment fund specializing in investments in technologically focused businesses with high growth potential, employs Habiba as an analyst. Mrs. Ashton served as an analyst and information manager at the Israel International Fund, the first Israeli venture capital fund designed specifically for Japanese corporate investors, prior to joining BCS. Habiba graduated with honors from Israel's College of Management with a B.A. in Business Administration.

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