Enhanced games going public with SPAC IPO valued at $1.2 billion USD

Ah so that is why Fred has been posting about getting generational wealth from Enhanced. Trump Jr and Thiel? Is Fred going to start wearing a MAGA cap?

SPACs are inherently corrupt organizations because of the way they are financed. I wouldn't put any trust into this company one single bit, and I'm not at all surprised the Trump family has its name on it.

In the financial world there are "rules" for Wall St, and there are rules for everyone else.

Would short the sh1t out of this thing if price is down and sellers were in control.

WA DL NCAA USATF PennRelays etc are non-profit charity meets and don;t fall into that category.

A SPAC is not inherently corrupt, it's just a financial tool to bring a company public.

That said SPAC initial public offerings have not done as well for shareholders as the traditional route.

A huge exception has been Palantir, which went public using SPAC.

The corruption is the people using a financial tool.

Can't wait to invest in this. Honey, I found a great stock on the Nasdaq. I'm going to put 30% of our retirement in it.

That's a joke. How do we short the crap out of this and every sh** coin thing related to a Trump kid?

Can't believe I missed this news last week. Only saw it today because of tweet by Erin Brown.

Ok my take on this.
1) SPAC's are the only way for a company like this to go public.
2) The financing numbers sound impressive but some finance experts will have to chime in but the money numbers thrown about mean almost nothing. The $200 million in the SPAC can be pulled out tomorrow. And I think historically a lot of it is. The $40 million just invested was likely because they knew this thing was going to go public at a valuation of $1 billion + and there is a lot of leeway to try and get rid of the shares at a profit even if this thing is a disaster.

The SPAC founders are guaranteed to win, the initial Enhance Games investors surely are advantaged in something like this, the rest TBD.
3) As suspected this is more about the Silicon Valley types who are obsessed with bio hacking. Some supplements/drugs might be better for health but doping to the gills is a different proposition.

YOu're thinking of it incorrectly. Invest $2 billion in World Liberty Financial (his sons' crypto firm) and you can receive cutting edge chips (UAE). Or invest $75 million and get pardoned. It's quite possibly the best business model there is for both of them - be immune from laws (recipients) and get a ton of $ (Trumps)

So it's 100% a money laundering scheme then. They literally haven't done anything and are worth 1.2 billion? It's a fun way for billionaires (politicians) to take big bribes from foreign countries and maybe swindle a few moron along the way. Went public the same way truth social did with a fake 4 billion dollar evaluation when no insiders could sell for a while to keep the price propped up.

I have made significant money in SPACs since the COVID era. To correct a prior poster, Palantir didn't SPAC they did a direct listing. Some successful legitimate companies that went pubic via SPAC during the most recent boom are DraftKings, Sofi, Cellibrite, Mirion, Blue Owl Capital, Hagerty. There are also some zero revenue moonshots that have done even better from a market return perspective in the space, quantum, and nuclear industries.

Anyway, here's how this will work. 1.2billion is essentially a joke because only absolute suckers are going to hold through the merge. The merge probably won't take place for at least a year and in the meantime you can track its progress through SEC filings of a form called S4. If enhanced games was pre-existing this might be interesting as you'd get to see their past financials but in this case there won't be much there.

At various points, people will have the ability to redeem their shares for the cash in the trust account of the SPAC. Eventually everyone will do this minus the suckers because they all know the share price will collapse on merge. You can't make money shorting this collapse because when the shares that you borrowed to put on your short are redeemed your short position is automatically closed out. Shorting the SPAC essentially means that you are shorting US treasuries because if they have a custodian with a brain that's what they'll do with the trust funds while they wait.

Here's where the Brojos/JGault can get a leg up on the other journalists in figuring out what the market is really valuing this thing at. When the companies that buy the SPAC at IPO (the SPAC, not the target company) put up the money, in this case $275 million, the deal is normally sweetened by selling Units instead of shares. The units come with some sort of kicker that you get to keep even if you redeem your shares. For this SPAC you got 1 share plus 1 right. Upon merger you'll get 1/8 of a share for every right that you hold. The bid/ask spread on these rights is sometimes a mile wide so proceed with caution, but you can get the 'true' market value of the entity by taking the price of a right and multiplying it by 8. (there is some discount for if the deal fails too since then these rights go to zero). The ticker symbol for the right is APADR. It last traded at .28. .28 x 8 =2.24. So the market is saying the value of Enhanced Games which is 1.2 billion if the shares trade at 10 is more like 270 million. That still seams high but not 1.2B high.

I have a difficult time believing that $1.2 billion is actually the discounted value of all future earnings for this company.

Enhanced Games should acquire Nick Bare BPN Supplements. Two birds of the same feather.

Can't wait to watch idiot investors lose their money in this, such an obvious scam pump and dump stock that will get shorted to oblivion. Get ready for multiple rounds of reverse splits. I'll be buying puts if available.