While COVID-related issues are abating, it’s no secret that many companies are still struggling to find their footing. We take a close-up look at 5 long-tenured CEOs (+ 1 co-CEO) that are facing big negative 3-year returns.
Analysis & Podcast
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ExxonMobil Hits First Record High in Eight Years
With ExxonMobil shares hitting a new 52-week high and “making more money than God,” according to President Joe Biden, we take a closer look at financials and governance.
SPAC Deal for Diamond Retailer Blue Nile and Online Travel Booker Holisto
DAs for diamond retailer Blue Nile and online travel booking specialist Holisto. BIOT / Blade Therapeutics is terminated. Merger votes this week for VGII / Grove Collaborative and EJFA / Papaya. And the rest of the day’s news in SPACs.
Moroccan Agribusiness Forafric debuts
Moroccan agribusiness Forafric (AFRI) debuts. With TCAC / Springbig approved at 96% redemptions, we take a look at redemption trends. Lots of extension votes coming up. And the rest of the day’s news in SPACs.
Weekly Executive & Director Moves (June 10)
Therealreal (REAL) founder and CEO departs, and Hippo (HIPO) quickly has a change at CEO highlights this week’s exec moves.
Polestar Starts Shipping for 65,000 Unit Hertz Contract
Polestar starts shipping for 65,000 unit Hertz contract. GLAQ delays Forafric vote. Too early for psychedelics as Silver Spike II terminates Eleusis deal. And the rest of the day’s news in SPACs.
Warehouse Robot Maker Symbotic Gets Juiced
Shares of warehouse robot maker Symbotic (SYM) join the high redemption/thin float club, popping 120% on today’s debut. Merger approval for DYNS/ Senti Bio. The usual extensions. And the rest of the day’s news in SPACs.
Founder Richard Schulze Bets Big on BBY Stock
Best Buy (BBY) founder and director Richard Schulze just bought almost $20 million in stock. Meanwhile, Target (TGT) lowers guidance again, citing excess inventory concerns.
Icelandic Biotech Alvotech Gets the Green Light
Icelandic biotech Alvotech gets merger approval in a busy voting day. The usual extensions. And the rest of the day’s news in SPACs.
SVFC / Symbotic Approved
SVFC approves Symbotic merger. SPACs are busy with 4 merger votes this week. Fingers crossed…lots of extension votes. And the rest of the day’s news in SPACs.
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Podcast
Deep Dive on the Aurora + RTPY SPAC Deal w/ Chris Urmson and Michael Thompson
Aurora CEO Chris Urmson and Reinvent’s (RTPY) Michael Thompson join David Drapkin to talk self-driving technology, why Aurora is setup for success, and the overall SPAC market.
Okapi’s Bruce Goldfarb on Activism, the Rise of Retail, AMC, and SPACs
Bruce Goldfarb, CEO and Founder of Okapi Partners joins David Drapkin on the Know Who Drives Return podcast. Bruce goes deep on what he’s seeing in recent proxy seasons, contested M&A, SPACs, AMC, and whether retail investors are good for the markets.
SPACs for the Long-Term with True Wind Capital’s Scott Wagner & Tom Hegge
Boardroom Alpha’s David Drapkin is joined by True Wind Capital’s Scott Wagner and Tom Hegge. Listeners will remember Scott as the ex-CEO of GoDaddy and Tom is a long-time public market investor with private equity roots.
Investing in SPACs for Yield with Jonathan Browne from Robinson Capital
Jonathan Browne from Robinson Capital joins Boardroom Alpha’s David Drapkin to talk about SPAC arbitrage. Robinson Capital’s SPAX ETF launched in June of 2021 and is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk.
SPACs, FOMO, and Tail Risk – Matthew Tuttle Captures the Momentum
Matthew Tuttle from Tuttle Capital joins David Drapkin to talk about SPACs, FOMO, and tail risk. Tuttle Capital’s thematic and actively managed ETFs are taking advantage of the SPAC craze, everybody’s FOMO (fear of missing out), and protecting the downside tail risk.