James Lapp

@CfaRoark Interesting they paid out redemptions prior to closing. Not sure I have seen that before. Possibly due to dual listing.

$CHAC / $XNDU 19 million out of 22 million shares redeemed. I stand my statement from last November. This could have been avoided with a more reasonable valuation. If they'd left some juice for the public investor they'd have $200 million more cash in the war chest

@IPOtweet $AAC

Small modular reactor developer X-Energy files for an estimated $300 million IPO $XE $IPO #IPO zpr.io/bBq4urpmZ8L7

@FonsieTrader Merger vote adjourned to March 19, so no it's not closing today.

@FonsieTrader lmao SPAC paying $150 for tweets about their deal. FYI - the merger vote is March 17, it doesn't mean the merger closes on March 17. The merger could take days, weeks, or months to close or it could terminate.

$PELI MERGER CLOSES IN 5 DAYS — March 17. Then it becomes $GLND — Greenland Energy Company. First onshore oil exploration in Greenland in 50 years. 13 billion barrels potential. This IS HUGE (source: nasdaq.com/press-release/… + tipranks.com/news/newswire/… Plus, The merger of Greenland Exploration and March GL appears to create a vertically integrated powerhouse in Arctic energy. (source: marchgl.com/pelican-acquis… Key Strategic Points: Arctic Super-Cycle Exposure — Jameson Land Basin is one of Earth's last major untapped basins. PELI serves as the exclusive logistics provider, positioning it as critical infrastructure for Greenland's multi-decade energy build-out (source: eu.usatoday.com) A break above $10.32 could push the price even higher! Great chart, Too many Catalysts, impossible to ignore. Disclaimer (sponsored content): shorturl.at/l0vIU

@JulianKlymochko Trust account was not impacted as far as I can tell? Interesting they swtich from Vstock/Wilmington for DMAA to CST for DMII. Wonder what they were thinking launching a $500M #2 SPAC.

A SPAC CEO was caught with her hand in the cookie jar, taking money from the working capital account that she was not authorized to. When the board requested she repay the funds, she refused. While the stolen funds are a fraction of 1% of the trust account, an orange jumpsuit may be in her future. $DMII $DMAA

@DataTracker87 @SurfShopCapital In any case, they did remove the $5M NTA Requirement in their last extension vote per 8-Ks and 10-Q, from what I see. Amended charter here (Article 48.2 deleted). sec.gov/Archives/edgar…

@DataTracker87 @SurfShopCapital I believe language intent is to avoid being designated as a penny stock. However, they can't proceed with the business combination in that case so you wouldn't have your redemption refused AND own shares in a deSPAC.

@SurfShopCapital Be sure to vote so you don't get a $1 for your warrants.

Nice news for $HYAC, I have a few warrants. Adding $23mm to their $10 PIPE. Also love the (I believe it's standard?) clause where PIPE investors can purchase public market to reduce their PIPE commitment - it sometimes means that if it dips before closing you'll see support.

@U5sigma2 Answer: Read the footnotes and the 8-K (actually worse than $7.60, PIPE has downside protection to $5.00 on their converts, liquidation preference, 10-12% accumulating dividends, plus warrants). NGMI

@U5sigma2 If the PIPE investors get 13.8M shares for $105M (as shown in the slide you posted), how are they buying at $12? ($105M/13.8=$7.60).

@SPACspin @JulianKlymochko do you know the backstory of why this extension failed? Seems like a plain-vanilla extension with $173k monthly deposit. Not sure why shareholders rejected it.

$AAM 🚫🤝💀 LIQUIDATION! (NAV ~ $10.67) AA MISSION ACQUISITION CORP. ANNOUNCES RESULTS OF EXTRAORDINARY GENERAL MEETING AND REDEMPTION OF PUBLIC SHARES globenewswire.com/news-release/2…

@CallsPuts1 NAV - already $24.90, allegedly - increasing $1.54 a month!

@fastlapp Wonder what the hold up is to close It's not Chinese They are having and paying for extensions, filing 10Q on time, all signs point to close and moon

anyone got a line to Zhe Zhang over at Alpha Star ? $ALSTF & $ALSWF make up a, um, outsized portion of the risk portfolio atm $ALSTF .12 ask 1/7r deal approved to close paying $30k/mo to extend tough to turn down Zhe replied to 1 of my (many) emails on Dec 13 . . 2024

@CallsPuts1 Via proxy solicitor

@fastlapp Are you in communication with them to know these claims they are making ?

@CallsPuts1 2/2…not extension redemptions. By their logic, they can extend again in Dec 2026 (current deadline) and indefinitely thereafter and never have to pay out!

@CallsPuts1 These guys are clowns. They never paid the extension redemptions from the May 2, 2025 meeting. They extended again in December 2025 (have not paid those redemptions either). They claim redemptions are not paid until closing, but that should only be for biz combo redemptions…1/2

@Spac__Trader Going to be tough to attract some retail traders though given opening transactions are blocked at both Schwab and Fidelity.

$COLA 2.5M public shares remain after extension. The only current pure space SPAC merger (DA with Wisesat Space) is now also a relatively low float. They have already launched 22 satellites with the latest aboard a SpaceX Falcon 9. NAV is ~$10.40 increasing ~$0.05 monthly.

@CallsPuts1 @BlackScholesMan No, that's not relevant. That's for early redemption in the event shares exceed threshold requirements (usually 20/30 days close > $18.00).

@fastlapp @BlackScholesMan thought maybe this mention of .01 was a floor

if a company gets a buyout and they have warrants and the black scholes value is under .01 because they reverse split + the buyout price isn't high enough to make BS value .01++ is there a minimum buyback price of .01 ?

Assuming they even bother to honor WA at this deminimis level, wouldn't they just round down at the beneficial level? E.g. if you exercise 1 warrant, you get $0. If you exercise 99,000 warrants, you get $268.83 (round down from $263.8309), not $990. While warrant contract doesn't address fractional payments for BS, it does specify all fractional shares issued upon exercise of warrants are rounded down.

@BlackScholesMan What if It's a cash buyout And black scholes is .00269 ? I'm thinking it's .01 minimum No ?

@JulianKlymochko Very slow and getting same error occasionally, but most pages are working.

Is it just me or has EDGAR been down for 5+ hours?

@listingtrack Least I can do for someone always posting quality content! I didn’t have this one on my radar, so thanks for flagging.

@fastlapp thank you for liking. Can always count on you for support over the years !! 🙏

Rumble $RUM / Northern Data $NDTAF Is anyone watching the potential acquisition of Northern Data by Rumble? Does this deal really happen? Here's the potential deal breakdown: - Rumble offer was announced on Aug 10. - All-stock exchange: ND holders would get 2.319 Rumble shares per ND share with ND holders owning about 33% of the combined company. - Tether (owns 54% of ND and ~48% of Rumble) is set to swap its ND stake for Rumble stock and become the biggest Rumble customer, locking in multi-year GPU purchases. - Rumble’s offer hinges on Northern Data selling its Bitcoin-focused Peak Mining unit for up to $235 million, money earmarked to pay back Tether’s loan to ND. - Non-binding LOI to sell Peak Mining announced Aug 11. - The merger would bring ND’s AI GPU assets (20,480 H100s, 2,048 H200s) and five data centers into Rumble’s cloud platform. Context: - Rumble announced the deal on Aug 10, just a year after Northern Data aimed for a $10–16B US IPO for its data center unit. - European data infra is hot: -- Nebius $NBIS recently landed a 5-year $17.4B AI infra supply deal with Microsoft $MSFT deal, and market cap now sits around $21B trading at over $100/share. -- Nscale, spun off from a crypto mining company, just raised $683M from Nvidia $NVDA, and signed a 5-year $6.2B deal with MSFT, and now sits at a multi-billion valuation. Tether’s ownership in both Rumble and ND means they have significant leverage over whether the deal gets pushed through, but does it move forward?