I maintain a little de-SPAC portfolio to track their progress. Many of them are dead, there's about 50 companies left in my tracking now.
The only companies on this list with stock prices over the original $10 SPAC price are:
- Oklo (mini nuclear reactors)
- DraftKings (gambling)
- Hims & Hers (wellness telehealth)
- Grindr (gay hookup app)
The majority of companies have lost 80-95% of their original value. Many SPACs have done a big reverse split, so their price appears to be over $10 but the original price would have been in the hundreds.
Yep. I think Hims & Hers is the very rare SPAC that was a new company at time of its listing (founded in 2017), and has managed to deliver both profits and shareholder value. Perhaps it's even the only one.
The only companies on this list with stock prices over the original $10 SPAC price are:
- Oklo (mini nuclear reactors)
- DraftKings (gambling)
- Hims & Hers (wellness telehealth)
- Grindr (gay hookup app)
The majority of companies have lost 80-95% of their original value. Many SPACs have done a big reverse split, so their price appears to be over $10 but the original price would have been in the hundreds.