CrossingBridge Pre-Merger SPAC ETF (SPC)

[chang]

This came up during the zoom call with David Sherman yesterday.

Link: www.crossingbridgefunds.com/spac-etf. See here for the presentation. (This fund does not show up on Cohanzick's "strategies" page:
www.cohanzick.com/strategies.)

Starting this thread for any thoughts, opinions, questions, feedback from owners.

[Deleted]

Seems like a high risk investment for a number of reasons in this volatile environment.

[yogibearbull]

@haven, SPC is a pre-merger SPAC only but its literature doesn't spell out things clearly, so it leaves doubt in investors' mind as to what is its fundamental policy. www.mutualfundobserver.com/discuss/discussion/comment/147671/#Comment_147671

[Chahta]

I am hopeful there will be a recording of the zoom meeting with David Sherman. He explained the risks with SPC. I did not take notes so I will need to listen again.

[chang]

Apr 16, 2022 13:41:02 GMT Chahta said:

I am hopeful there will be a recording of the zoom meeting with David Sherman. He explained the risks with SPC. I did not take notes so I will need to listen again.

Did you put any money into his "big tip"? I don't have the you-know-whats to do it. (Not even sure how, actually.)

[fishingrod]

www.schwab.com/resource-center/insights/content/spacs-what-are-they-and-are-they-risk-to-market

"Even though both deal activity and performance for SPACs have fallen considerably, interest among investors remains. Moments of truth are likely to emerge this year for several companies that are still aiming to find merger targets. Many have already come to light, as the redemption rate for SPACs—which measures the number of shareholders demanding their money back instead of funding mergers—exceeded 60% by the end of 2021 (per SPAC Research). As with any investment, risks associated with those SPACs—and the broader segment—should be carefully analyzed."

Edit: SPACs are different than a Pre-merger SPAC etf such as SPC, but it shows some of the workings of SPACs in general.

[Chahta]

Apr 16, 2022 13:46:09 GMT chang said:

Apr 16, 2022 13:41:02 GMT Chahta said:

I am hopeful there will be a recording of the zoom meeting with David Sherman. He explained the risks with SPC. I did not take notes so I will need to listen again.

Did you put any money into his "big tip"? I don't have the you-know-whats to do it. (Not even sure how, actually.)

No I did not but am considering it. SPC trades as an ETF.

[chang]

Apr 16, 2022 17:57:14 GMT Chahta said:

Apr 16, 2022 13:46:09 GMT chang said:

Did you put any money into his "big tip"? I don't have the you-know-whats to do it. (Not even sure how, actually.)

No I did not but am considering it. SPC trades as an ETF.

I know about SPC. I meant Ukraine bonds.

[fishingrod]

Apr 16, 2022 18:10:15 GMT chang said:

Apr 16, 2022 17:57:14 GMT Chahta said:

No I did not but am considering it. SPC trades as an ETF.

I know about SPC. I meant Ukraine bonds.

That Is allsy.

Sorry I was unable to attend.

[fishingrod]

Wow!
1 year Ukraine Gov't bond at 49%

www.worldgovernmentbonds.com/country/ukraine/