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https://www.barrons.com/articles/spacs-are-booming-these-21-may-be-about-to-announce-deals-51594029600

SPACs Are Booming. These 21 May Be About to Announce Deals.

2020-07-06 10:00:00, Nicholas Jasinski, Barron's

Content Categorization
/Business & Industrial/Business Finance/Venture Capital
/News/Business News

Word Count:
858

Words/Sentence:
31

Reading Time:
5.72 min

Reading Quality:
Adept

Readability:
13th to 15th

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The stock popped more than 50% in the next two days.

Also known as "blank-check companies," SPACs raise money from public and private investors and then identify an acquisition target and buy it, typically within two years.

On Monday, shares of

Landcadia Holdings II

(LCA), a SPAC sponsored by Landry's CEO and Houston Rockets owner Tilman Fertitta, said it plans to merge with Fertitta's Golden Nugget gaming franchise.

Barron's screened for SPACs that are less than six months from their deadlines (thus might be about to announce deals), and compared their market prices to their current estimated trust value per share.

Source: SPACInsider, FactSet

That gives sponsors an incentive to get a deal done-but also means investors should pay particularly close attention to transactions announced right before the deadline, when the pressure to find one is highest.

Write to Nicholas Jasinski at nicholas.jasinski@barrons.com

For starters, the SPAC is on the small side, with just $57.5 million in its trust-it's targeting a combination with a business valued at $100 million to $300 million in the health care and life science industries.

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