HAS CITADEL SPENT CLOST TO 8 Billion on SPACS so FAR in 2021
Wrote a new POST
TLDR- they are buying alot of SPACS I am making a spreadsheet. Help me do it right.
EDIT #1- AHHH the SPAC Acquisition are warrants not payments, they have the right to purchase the stock at a certain stock. So Citadel wasn't going to use them for investing they were going to use them as equity to leverage up some more. Then the SEC said fuck you those are liabilities you cant call that Equity.....so then a bunch of poor Citadel interns had to work all weekend and get harrassed my a mass of APES!
https://www.sec.gov/corpfin/disclosure-special-purpose-acquisition-companies
They have bought over 80 spacs so far in 2021- compared with 39 in 2000 and 21 in 2019(some of these could be normal companies in previous years)
They are buying around 25% of each SPAC
I used the shares they bought in the SEC filings X the unit rate for how much it cost them.
I did the first 13 and it came to 1B (is my math fucked)
if there is 80 than that's close to 8B
I thought they managed 35 B
SPACS are long term plays....WTF.
Data( I think)
https://sec.report/CIK/0001423053
Posted Apr 20, 2021, 11:38 PM UTC · edited