Guasty Winds Investment Ideas, Guasty Winds

Guasty Winds

Guasty Winds Investment Ideas

I am a full-time private investor, ex-L/S. I document my investment portfolio decisions and share my work here.

Equity Bottom-Up

<ul><li>I am short AURC (Aurora Acquisition Corp), the SPAC that will be bringing Better.com to market next week. I think the fair value of the company is ~81 cents - it is currently trading at $32.</li><li>Yes, borrow is hard to come by - but it does exist in small quantities. When the DeSpac occurs next week, if the stock doesn’t collapse 98% on day one, then borrow should be accesible.</li><li>Better CEO/founder Vishal Garg has a long history of bankruptcies, deception and fraud accusations.</li></ul>

I am short AURC (Aurora Acquisition Corp), the SPAC that will be bringing Better.com to market next week. I think the fair value of the company is ~81 cents - it is currently trading at $32.Yes, borrow is hard to come by - but it does exist in small quantities. When the DeSpac occurs next week, if the stock doesn’t collapse 98% on day one, then borrow should be accesible.Better CEO/founder Vishal Garg has a long history of bankruptcies, deception and fraud accusations.

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Aquila Acquisition Corporation / Event-Driven

<ul>
<li>SPACs - remember them? US offerings in 2021 topped ~US$150bn, falling to US$13bn in 2022. Singapore joined the bandwagon in January 2022  and Hong Kong two months later.</li>
<li>That Hong Kong stock is <strong><a href="https://www.smartkarma.com/entities/aquila-acquisition-corporation" target="_blank" data-smartkarma-citation="entities:35435:1" rel="noopener">Aquila Acquisition Corporation (7836 HK)</a></strong>, and it recently announced a merger with <strong>ZG Group</strong>, a Chinese steel trading website.</li>
<li>That's positive. Less positive is how de-SPACed shares tend to trade in the US. </li>
</ul>


SPACs - remember them? US offerings in 2021 topped ~US$150bn, falling to US$13bn in 2022. Singapore joined the bandwagon in January 2022  and Hong Kong two months later.
That Hong Kong stock is Aquila Acquisition Corporation (7836 HK), and it recently announced a merger with ZG Group, a Chinese steel trading website.
That's positive. Less positive is how de-SPACed shares tend to trade in the US. 


SPAC Deep Dive, subSPAC

subSPAC

SPAC Deep Dive

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

Equity Capital Markets

Better Home & Finance / Equity Capital Markets

<ul><li>Things have gone from bad to worse at digital mortgage firm Better.com.</li><li>Back in May last year, the company was riding a high of closing $500 million in funding from SoftBank, while announcing plans to go public at a $7.7 billion valuation with Aurora Acquisition</li><li>However, things turned sour for the company, with negative press coverage, weaker financials due to a changing market, and low employee morale due to the antics of the CEO</li></ul>

Things have gone from bad to worse at digital mortgage firm Better.com.Back in May last year, the company was riding a high of closing $500 million in funding from SoftBank, while announcing plans to go public at a $7.7 billion valuation with Aurora AcquisitionHowever, things turned sour for the company, with negative press coverage, weaker financials due to a changing market, and low employee morale due to the antics of the CEO

Better’s SPAC Deal Could be Another SoftBank Disaster

Independent Research, SPACs, SPAC Track

SPAC Track

Independent Research, SPACs

<ul><li>Social Capital Suvretta Holdings Corp. III (DNAC: no warrants, common +0.01%) &amp; ProKidney</li><li>Vishal Garg, founder and CEO of digital mortgage lender Better, [merging with Aurora Acquisition Corp. (AURC)] is staying on as CEO</li><li>Shares of SoFi rallied as more than 16% in after-hours trading on Tuesday following news that the fintech cleared its final regulatory hurdle in becoming a bank.</li></ul>

Social Capital Suvretta Holdings Corp. III (DNAC: no warrants, common +0.01%) &amp; ProKidneyVishal Garg, founder and CEO of digital mortgage lender Better, [merging with Aurora Acquisition Corp. (AURC)] is staying on as CEOShares of SoFi rallied as more than 16% in after-hours trading on Tuesday following news that the fintech cleared its final regulatory hurdle in becoming a bank.

Pine Technology Acquisition / Equity Capital Markets

<ul><li>Pine Technology Acquisition Corp. (PTOC: warrants -0.01%) &amp; Tomorrow.io (Valuation: $729M EV)</li><li>Oaktree Acquisition Corp. II (OACB: warrants +20.18%) &amp; Alvotech (Valuation: $2.25B EV)</li><li>FoxWayne Enterprises Acquisition (FOXW: warrants -8.06%) &amp; Aerami Therapeutics (Valuation: Transaction values Aerami at $250M)</li></ul>

Pine Technology Acquisition Corp. (PTOC: warrants -0.01%) &amp; Tomorrow.io (Valuation: $729M EV)Oaktree Acquisition Corp. II (OACB: warrants +20.18%) &amp; Alvotech (Valuation: $2.25B EV)FoxWayne Enterprises Acquisition (FOXW: warrants -8.06%) &amp; Aerami Therapeutics (Valuation: Transaction values Aerami at $250M)

United Kingdom

Better HoldCo, Inc. (“Better”) and Aurora Acquisition Corp., a special purpose acquisition company (“Aurora”) business combination.

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Better Home & Finance (BETR US)

Short Idea: AURC-US (Better Mortgage)

*By continuing to read this article you agree to the disclaimer at the bottom of this page. This is not financial or investment advice. Do your own...

Guasty Winds

Aquila Acquisition: The De-SPACed Arb

The gross spread to the redemption price is 4.8%. I'd be redeeming. Shares are beyond illiquid. Unless shares were to dip here, on some volume,...

David Blennerhassett

Better’s SPAC Deal Could be Another SoftBank Disaster

Things have gone from bad to worse at digital mortgage firm Better.com. Back in May last year, the company was riding a high of closing $500...

subSPAC

The Nightcap from SPAC Track

Social Capital Suvretta Holdings Corp. III (DNAC: no warrants, common +0.01%) & ProKidney. Vishal Garg, founder and CEO of digital mortgage lender...

SPAC Track

The Nightcap from SPAC Track

Pine Technology Acquisition Corp. (PTOC: warrants -0.01%) & Tomorrow.io (Valuation: $729M EV). Oaktree Acquisition Corp. II (OACB: warrants...

SPAC Track

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