THCBU News and Press, Tuscan Holdings Corp. Unit From 09/03/20

The New Normal of SPAC Warrants Risk-Reward The play field of SPACs has been quickly changing and evolving so far this year with a robust IPO pipeline, larger trust accounts and more “celebrity/influencer” sponsors. The number of newly listed SPAC so far this year has already...

The Recent Selloff of SPAC Warrants SPAC warrants sold off during the second half of July while the main market indices were all up. The selloff was across the board, even some of the most solid names with large trust accounts and experienced sponsors. The following chart compares the perf...

Warrant Relative Value Chart The warrant relative value chart (WRVC) is generated using the following inputs and rules: 1) SPACs - only the SPACs that are still searching for targets are included. 2) X axis - the number of days to the SPACs' liquidation deadline. The chart currently sh...

Investment Thesis As is common in young, high-growth businesses, the cannabis industry is going through a rough patch as its members spend heavily to scale their businesses and gain market share. While legal in many US states, cannabis is still federally illegal in the US and an array of r...

Since Part I , the S&P 500 ( SPY ) has declined to a point where it worth reassessing. Updated Valuation Its CAPE ratio declined from over 30, where it reached only briefly for a moment before the Great Depression, tech bubble, and Covid-19. At 23 today, it is still somewhat higher ...

Following the IPO Index's sharpest drop ever recorded, one cannabis SPAC is keeping the IPO market alive, expected to raise $150 million in the week ahead. Social Capital's latest SPACs ([[IPOB.U]], [[IPOC.U]]) are also eligible to price this week. Led by former Canopy Growth (CGC) executive...