SPACs — special purpose acquisition companies — are very hot in the market these days. However, as a software and data company, it could potentially receive a high valuation of 18 times to 20 times EV-EBITDA. Second, SAMA stock’s market capitalization, according to Yahoo! Once the deal closes the new symbol will be CLVR. FinTech Acquisition Corp. III does not have significant operations. Find the latest FinTech Acquisition Corp. III (FTAC) stock discussion in Yahoo Finance's forum. Importantly, DPHC says there will be no additional capital requirements. The sponsor would normally control the shares and control the company’s board and management after the merger. In some cases, investors are not aware that you can buy the SPAC stock first. The company, currently valued at $493.36 Million, closed the recent trade at $10.99 per share which meant it gained $0.79 on the day or 7.75% during that session. The reason is that the SPAC stock — the sponsor — has already had its IPO. However, the stock has now risen to $12.36, so the new EV is almost 24% higher at $3.6 billion. On Aug. 3, FTAC agreed to merge with Paya, an Atlanta-based payments company with $30 billion of transactions. The reverse merger transaction is at a $2.9 billion enterprise valuation, assuming a $10 price for SPAQ stock. FTAC stock was bought by a variety of institutional investors in the last quarter, including Engle Capital Management L.P., Polar Asset Management Partners Inc., Parian Global Management LP, BlackRock … As a note, it appears that the company has not chosen a post-merger ticker for CCXX. So, by definition, the transaction is a reverse merger. On Aug. 3, FTAC agreed to merge with Paya, an Atlanta-based payments company with $30 billion of transactions. This low level of public ownership tends to push up SPACs. None of its competitors are public. On a forward basis, this is about 18 times to 20 times. Third, the EV-sales ratio is cheap. Lordstown, as a private company, bought one of GM’s plants. However, the target company shareholders end up with most of the shares. The new symbol will be PAYA. In addition, there will be $50 million from other large co-investors, and FTAC itself has $357 million. According to Barron’s, Fisker expects to make 225,000 electric SUVs a year by 2025. These are considered reverse mergers, not IPOs. The deal value is at an enterprise value of $11 billion. The deal will provide $1 billion to Fisker. This merger, which will make ChargePoint a public company, is expected to take place in about one month or so. The Merger Agreement may be terminated at any time prior to the consummation of the Transactions (whether before or after the required Company stockholder vote has been obtained) by … Therefore the new company will have $607 million, before transaction expenses. Therefore, since SPAQ stock has risen, the new EV-sales ratio is 0.76 times. Fisker will make an electric SUV in 2022. But if we assume a $2.9 valuation, after the recent stock price increase the ratio is 1.2 times. The problem is this company is hard to properly value. That gives DPHC stock a $429 million market value now. For example, Microsoft (NASDAQ:MSFT) trades for 23 times its historical EV-EBITDA. FTAC Olympus Acquisition Corp. operates as a blank check company. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or similar business combination with … Therefore, the agreed merger deal allows their management and board to control the combined company. The bottom line is that the public shareholders will own just 31% of the combined company. 2020 InvestorPlace Media, LLC. 1125 N. Charles St, Baltimore, MD 21201. Again, Tesla stock trades for over 10.8 times historical sales. But if the post-merger stock moved up to an 18 times ratio, the stock would rise by 32% from today’s price. This includes a PIPE deal for $500 million. Since then, FTAC stock has increased by 0.0% and is now trading at $11.37. After the merger, there will be 32.9 million shares outstanding fully diluted. It also implies just 4.3 times adjusted EBITDA of $441 million in 2023. All online e-commerce transactions are CNP payments. But this is based on FTAC stock trading at its IPO price of $10. Since the announcement, CCXX continues to rise. A stock-for-stock merger can take place during the merger or acquisition process. Moreover, the deal is at 19.6 times EV to adjusted 2021 EBITDA. Source: Eric Broder Van Dyke / Shutterstock.com, 5 Pre-Merger SPACs Worthy of Your Attention, Paya is controlled by a large private equity fund, ends up raising $675 million for Lordstown, Fisker expects to make 225,000 electric SUVs, 7 Outdated Tech Stocks to Sell Before It’s Too Late, Louis Navellier and the InvestorPlace Research Staff, Don’t Chase CIIG Merger in the EV Stock Buying Frenzy, Matt McCall and the InvestorPlace Research Staff, What Did the Stock Market Do?