$RTAC is now sitting below its ~$10.36 NAV. This month is the first time it’s ever traded below NAV. Hard to believe this once traded above $13 on no news.
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SPAC Trader
1.1K posts
SPAC Trader
@Spac__Trader
Not a financial advisor. Do your own DD and trade at your own risk. My posts are never buy or sell recommendations. I primarily post about SPACs.
Se unió Şubat 2021
50 Siguiendo2.6K Seguidores
3 popular mergers, which all have rights, have merger votes set for this month. All of them are below NAV.
$BACQ 3/12/26 ~$10.55 NAV redemption floor drop 3/10/26
$PELI 3/17/26 ~$10.28 NAV redemption floor drop 3/13/26
$CHAC 3/19/26 ~$10.33 NAV redemption floor drop 3/17/26
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$TVA Scott Glabe and Devin Nunes have both resigned. Their replacements are Alan Garten and Lawrence Glick, both of whom are EVPs at the Trump Organization. sec.gov/ix?doc=/Archiv…
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@SPACuity @BPHhasbeentaken At least they are good for a DA pop excluding $CAEP. $CEPT is still well above NAV also.
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@BPHhasbeentaken @Spac__Trader I blinked thinking "XBP has held up that well?". Those darn reverse splits.
They do seem to get deals done. They aren't good ones, but they get them done. I guess that's a victory in SPACland?
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$CEPV is within a nickel of ~$10.11 NAV and the closest to NAV it’s been. $CEPF trades ~$0.24 above NAV, and this month’s IPO $CEPS trades ~$0.13 above NAV.
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@LeverageBroX $10.00 NAV as of 9/26/25: add 4.5 months of interest with short-term treasury rates around 3.7%; NAV increases about $0.03 monthly.
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@Spac__Trader New to SPACs - How do you calculate NAV at 10.14. I got 10.05 after (Marketable securities held in Trust Account) / (Public Shares outstanding)
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$FCRS $FCRS.U is back to being my largest position again since it’s back below ~$10.14 NAV, down from $10.30s a couple weeks ago, and the units are about the cheapest they’ve ever been, down about $0.50 from the ATH and $0.30+ from two weeks ago.
SPAC Trader@Spac__Trader
$FCRS is now sitting at ~$10.10 NAV. While waiting for DA, trust earns short-term treasury rates with the upside of a Tom Lee-backed AI, crypto, or robotics deal. This has taken over as my largest position since it had some larger buys this week. futurecrest.com
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$BEAG is now within a nickel of ~$10.48 NAV. Their next SPAC $IEAGU IPO’d last month. For those newer to SPACs, this is the same team that brought $DKNG public.
SPAC Trader@Spac__Trader
$BEAG IPO was over a year ago, so I’m expecting a DA soon, especially considering they already filed for another SPAC. It’s currently trading about 1% above ~$10.45 NAV. This is the closest to NAV it’s been since before the S-1 hit for their next SPAC in November.
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@richtrades100 Based on how others with rights have acted, that wouldn’t shock me. How CCCX does post-merger will probably decide if CHAC heads to NAV or back toward $11 in the short term.
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$CHAC is within 3% of ~$10.30 NAV, the closest it’s been to NAV since DA, after hitting highs of $13 on DA and trading above $11.25 just two weeks ago.
Odd Diligence@OddDiligence
$CHAC so here we have a PIPE w/ AMD & others... Theyve advanced w/ DARPA to Stage B, they have funding from US govt, funding from Canada govt.. But only 70 cents from nav still (10.95 vs 10.25 nav)... At todays prices, post combination would be lower valuation than ionq rgti infq qbts 🤷♂️
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SPAC Trader retuiteado
$PLMK 🧐 LOI w/ ACR announced 12/19/25 … ACR Overview filed today:
sec.gov/Archives/edgar…
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@SPAC_Infleqtion The same team previously had an LOI that turned into a DA in 16 days. The timelines vary.
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$PLMK has an LOI with American Critical Resources. Geothermal power (AI), lithium & other critical minerals/rare earths play all in one. Lithium supply agreements with GM & Stellantis. Designated as a Fast-41 project by Trump admin. NAV is ~$10.53. cthermal.com/latest-news/am…
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They have a Baker Hughes partnership. “Together with CTR’s project leadership, we aim to deliver one of the largest baseload renewable energy projects in the United States, providing the dependable lower-carbon energy that hyperscale operators demand.”
thinkgeoenergy.com/ctr-and-baker-…
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$SZZL $SZZLR This is the only pre-DA right I own currently, just in case they go the critical metals route again. This team took $CRML public with their previous SPAC. They mention mining as a potential target, among others. NAV is ~$10.32. High R/R on rights.
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$SVAC You know SPACs are back when a pre-revenue company that apparently was barely surviving less than 6 months ago nearly doubles its valuation and trades at a 10%+ NAV premium. Maybe I just dig into these too much and overthink them. betakit.com/general-fusion…
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$BLUW is near ~$10.25 NAV, the closest to NAV it’s been since the Yorkville buyout.
SPAC Trader@Spac__Trader
$BLUW was bought out by Yorkville for $7.2M November 25th. It currently trades within 1% of ~$10.21 NAV compared to $TVA and $RTAC currently trading at 3%-4%+ NAV premiums. Neither $TVA (since the Yorkville buyout) nor $RTAC has traded within 1% of NAV. sec.gov/ix?doc=/Archiv…
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