Do you have any tips on good screeners or places to find these SPACs? I've never invested in them yet and don't know too much about them. Are they traded just like regular stocks?
I look for them close to NAV don't like buying much out from there. The current best opportunities I see are, FPAC, TWCT, AACQ. They are priced well and should move when rumours come out. If you want one a little bit riskier but with a potentially sooner payoff, FUSE, rumoured to merge with Money Lion.
If your into options, SPACs with options create some great opportunities for Call Debit Spreads instead of having to buy commons and front the $10 redemption value.
There's also warrants which have more risk. FPAC+ and TWCTW are in my mind the best current warrants.
There is also Units! The best unit play right now I see is COOLU, its due to split soon and you will get one common and 1/3 of a warrant per unit, so buy in multiples of 3.
All of the tickers I mentioned are tech focused and backed by VC firms with a history of successful tech companies and SPACs.
There are a lot of garbage SPACs so you have to be careful.
Overall, your number one source for information should be SEC filings on Edgar. Read the documents there, research the management team, learn what the target payouts are and see who else is buying in.
SPACs are great and should last through the fall, the exchanges are looking at making direct listing much easier though and that will kill SPACs and probably be the move the pops the bubble.
The good thing about SPACs is that you have a focused management team of seasoned investors and you are investing with them and have the redemption price of $10 typically if there is a problem.
A SPAC is just a stock like any other. If you look for investor videos on YouTube, you'll find the same SPACs being pumped, both in pre-merger and post-merger form. There is also a SPAC ETF ("SPAK") that holds a bunch of them.
