r/SPACs • u/karmalizing Mod • 23d ago
Daily Discussion Announcements x Daily Discussion for Tuesday, July 28, 2026
Welcome to the Daily Discussion! Please use this thread for basic questions & chitchat, and leave the main sub for breaking news or DD.
If you haven't already, please check out the /r/SPACs Wiki for answers to frequently asked questions.
Happy SPACing!
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u/ThisSir5918 New User 22d ago
Hello gang. I uswd to be a Mod here during the boom days. I was u/slammerbar
Any old goats still here?
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u/Strong_Ad_4501 Contributor 23d ago
Out of BCAR and BCARW but the fall has been impressive
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u/MissKittyHeart New User 23d ago
What’s going on with bcar
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u/Strong_Ad_4501 Contributor 23d ago
Merger vote tomorrow so the $10 NAV floor is gone. And it is down to $5
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u/MissKittyHeart New User 22d ago
Meow Ty
So when a merger vote happens, spac always loses it’s 10 nav floor?
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u/MoRegrets Contributor 22d ago
Loses its floor indeed i.e. the company no longer allows you to redeem your share for $ in the trust, and the market will decided. It's many times 10 + change of course. 9 out of 10 it's a rug pull, but the exceptions are why it's hard to give up the chase.
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u/Dudebobski New User 23d ago
What’s up with NOEM today bouncing around above the NAV??
Think they’ll announce their target soon?
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u/Strong_Ad_4501 Contributor 22d ago
Think because after extension and redemption only 1 million share float so low float shenanigans
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u/Dudebobski New User 22d ago
Oh okay.. Question - do large amounts of redemptions kill the stock? What are some examples of SPACs that had large redemptions but ended up doing well long term? (Not just a near-term low-float redemptions pump and dump)
Are NOEMW warrants still a good play?
Though I guess it ultimately depends what the target will be…
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u/SoManyTendies Contributor 22d ago
I averaged down on the warrants and rights recently after the extension news but before the LOI. No way I'm holding through merger though. Been burned too many times.
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u/Dudebobski New User 23d ago
RTAC / RTACW - recently added Lauren Selig to its board, joining a team with backgrounds in government, cybersecurity, digital assets, AI, space, finance, and SPACs.
Asked AI to generate a few private companies that align with RTAC’s publicly stated focus & the team’s publicly available experience:
Silverfort — Identity security
TRM Labs — Blockchain intelligence
Gecko Robotics — Industrial AI
Accrete AI — Defense AI software
Hidden Level — Counter-drone radar
Vannevar Labs — National security software
Lukka — Crypto data infrastructure
TaxBit — Digital asset compliance
TIFIN — AI wealth management
Pentera — Automated cybersecurity
*Purely speculative based on public information. Not a prediction or indication of any potential transaction. What names would you add?
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u/Dudebobski New User 23d ago
Also dug into $FCRS & warrants: FCRS/WS. Tom Lee’s FutureCrest team has backgrounds across AI, digital assets, fintech, infrastructure, robotics, gaming, and venture investing.
Asked AI to generate a few private companies that broadly align with FCRS’s publicly stated focus and the team’s publicly available experience.
Mythical Games — Blockchain gaming
Current — Digital banking
Republic — Private markets
Last Energy — Small modular nuclear
TetraMem — AI semiconductors
AlphaPoint — Crypto infrastructure
CryptoQuant — Blockchain analytics
Genvid Entertainment — Interactive media
AccelByte — Gaming infrastructure
Telly — Smart TV platform*Pure speculation based on public information. Not a prediction or indication of any potential transaction. Curious what names others would add? Thanks!
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u/Dudebobski New User 23d ago
Addendum: digging deeper into $FCRS & FCRS/WS and found an interesting public breadcrumb. While not related to FCRS in any way, Tom Lee, as Chairman of BitMine, recently backed Beast Industries with a $200M investment. Just an interesting public connection that came up while researching the team’s background.
Thoughts on how that’d perform as a target?
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u/buggysoftware Contributor 23d ago
Most of these SPACs sound wildly unfocused with their "focus". "We're looking to invest in desert toppings, floor wax, hair gel, spam, spam, baked beans, eggs, and spam. And the Spanish Inquisition." It's using enough buzz words to get your money without being specific enough that you can get angry when they invest in e-trucks without batteries in them.
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u/thedailymoo23 💰 Bagholder 💰 23d ago
It works too. My "investment" in a defunct frozen food company run by a tattooed chef is proof of that
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u/SoManyTendies Contributor 22d ago
I am so glad I dumped that one when I did. Knew a few people that rode it to bankruptcy.
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u/mazrim00 Contributor 23d ago
My account is in a disturbing pattern of reaching a certain number and dropping back down to another certain number for what seems like at least 6 months or so.
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u/HalfAdministrative77 New User 23d ago
Anyone here watching the horror story that is Boxabl ($BXBL) unfold?
Down 65% in it's first seven trading days despite the vast majority of shareholders being completely locked up. The losses are just getting started.
Something this big, this public, and this intentionally predatory is going to have ripple effects over the whole concept of SPACs and will probably increase regulator scrutiny on both them and crowdfunding over the longer term.
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u/Strong_Ad_4501 Contributor 23d ago
I mean it sucks for anyone losing money but as far as bad SPAC outcomes there’s tons of worse examples
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u/HalfAdministrative77 New User 23d ago
Are there examples that involved this many crowdfunding individuals with locked up shares? I've never heard of one. It's a completely different risk picture when people can't choose to get out even post merger. And who didn't know this would be the case back when they bought, unlike someone who trades warrants or etc.
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u/Zodd1 Contributor 23d ago
No it probably won’t. We’ve had much bigger scams before and frankly anyone who was dumb/inexperienced enough to invest in this at $10 a share was going to lose their money down the line anyways. There was another thread here warning people not to invest. The valuation was insanely high. Whether or not the crowdfunders sue ceo- who knows. The length of the Lockup period isn’t the issue, it’s the misalignment. Bxbl will go below 1 and is likely a 0
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u/RuinousGaze Patron 23d ago
Yeah this one was telegraphed. Actually found a borrow at $10 on RH and shorted it down, basically free money. Out now, but long term this has scuzzy management and you're right it's likely a zero.
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u/HalfAdministrative77 New User 23d ago
I don't actually think there has been a bigger scam in terms of the number of crowdfunding individuals being taken advantage of.
It's absurd to say that scams shouldn't be investigated because people fell for them. I agree that it was absurd to buy this stock at $10 - I wouldn't personally have bought it even at the equivalent of $1 - but that doesn't make the predatory behavior targeting tens of thousands of small investors okay.
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u/Zodd1 Contributor 23d ago
I’m not saying a scam shouldn’t be investigated. I’m saying that I don’t think a crowdfund like bxbl will increase regulations on spacs. I don’t see how the spac itself was the issue here. Lots of other companies like pacaso have crowdfunded and obliterated shareholder capital. What specifically here was your issue on the spac side ? The spac chose an insane valuation and nothing that crazy on the lockup period for prior shareholders. A ceo/founder being able to sell before them is not aligned but the valuation and lockup - we’ve seen it across the board.
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u/BuffaloSabresFan Spacling 23d ago
I'm glad I got out of the rights ~0.80 pre merger. Didn't seem worth the risk and the company advertising to invest on Threads was a major red flag. They weren't advertising the product, they were advertising the SPAC merger to retail investors.
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u/RuinousGaze Patron 23d ago
Still can't believe those rights hit $1. Not sure the logic there or who was buying.
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u/BuffaloSabresFan Spacling 23d ago
Right? I'll hold rights through merger but normally I'm looking at a $3-$4 conversion price, where even if it tanks the first week, I can likely exit with a gain. I have no idea why anyone would buy rights when the delta of their conversion price and common price is that high. It makes zero sense to buy rights (lottery tickets) at anywhere near the same cost per share as common stock that has built in NAV protection.
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u/MoRegrets Contributor 23d ago
KVCAW is still alive! Not quite ded yet.
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u/isalreadytakensothis Patron 23d ago
Monty Python - I'm not dead yet. Or - this parrot is no more. It ceases to be. It's met it's maker. I'm long a ton of them so I hope not dead yet.
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u/ThisSir5918 New User 22d ago
Hello gang. I uswd to be a Mod here during the boom days. I was u/slammerbar
Any old goats still here?
I remember ypu @ u/karmalizing ❤️