Per LATN's PRE14A filed with the SEC today, it plans to extend the deal date by 6 months, from Apr. 22 to Oct. 22, 2021.
Guess we'll have to hold a bit longer.
Posted Mar 5, 2021, 8:13 PM UTC
I think this is fine and expected, we saw this with FMCI when they merged with TTOO and SPAQ with FSR. No way they'd have merger done by April anyways. Now I think key is when extension vote is. I'd imagine similar to 95% of SPACs, they announce DA before extension vote day to prevent mass shareholder redemption. Don't think this means DA is delayed or anything as extension vote should be soon. Also to add they filed for another spac which is also bullish
LATN common @ $10 is looking like a no brainer here.
Also NAV is closer to 10.1 looking at current trust size!
I had written off my warrants. Guess there is still hope for a rebound
Do you still expect Satellogic to be a good target with Blacksky being so low now? I kinda traded all my LATN for some SFTW when they were about the same price.
Can I ask when did they file for a new SPAC? Did this just happen in the past few days
July 31, 2020
Check this out third spac with updated name filed today https://sec.report/CIK/0001849465
Hmm this is interesting, but I'm not sure what to make of it. How do you know this is a SPAC? Usually, the first place I find new SPACs is https://sec.report/SPAC.php, but there's no entry for Union Growth Corp. How did you come across this registration? I still think their third SPAC is the one mentioned above, Union Acquisition Corp. III, but maybe this is a fourth that breaks the naming convention?
It looks like their third spac was registered in July 2020, so it might be bullish, but it might not mean a DA is imminent like we've seen with other groups that register their next spac
Edit: I've been keeping my eye on this, though, so hopefully we get the vote date soon.
I don't need another spac with a DA in the next week, I'd rather let the past few days settle down quite honestly lol. Happy to see this.
Thanks for posting this. Is a 6 month extension usually the norm when requesting one?
I believe it's the typical time, but they don't just say "hey extend us", it's in the S-1
I'm glad they announced this news simultaneous with every warrant going down 50%. May have made them that much cheaper, and may make it more likely they come back up normally if/when money returns to the broader SPAC market. I got LATNW very cheap today and I'm already up quite a bit on those AH.
Scoop about 5k warrants under $1 this week on this. Hopefully we get Satellogic
I missed my chance to get the dirt cheap warrants but I'm with you on the hope for Satellogic.
$1 was cheap until this past week. They're still $1 AH.
Yup. Even the commons are barely above $10. If the market improves and LATN locks in a good target, then whoever bought this week would profit greatly.
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Good stuff, I'll look into this at the end of March, closer to a potential announcement. Right now there are too many bigger movers to play.
Don't waste your money here. There are much better symbols these days to invest in.
Hope the penguin was right