- Mudrick Acquisition II is a SPAC that has entered into a deal to merge with Topps Playing Cards. The combined entity's valuation currently sits at $1.6B.
- This valuation conservatively prices the profitability of the legacy playing card and confectionery business, but leaves substantial upside for the digital/NFT business.
- The company is well positioned to experience explosive growth if the recent boom in NFTs continues.
- Without growth in NFTs, the company will likely still benefit from shifting its product mix to NFTs and generate substantially higher margins on similar revenues.
For further details see:
Topps: A Well Priced Company With Substantial Upside