In this article, we discuss the 5 best SPACs to buy according to David Einhorn’s Greenlight Capital. If you want to read our detailed analysis of these SPACs, go directly to the 10 Best SPACs to Buy According to David Einhorn’s Greenlight Capital.
5. Nebula Caravel Acquisition Corp. (NASDAQ: NEBC)
Nebula Caravel Acquisition Corp. (NASDAQ: NEBC) is placed fifth on our list of 10 best SPACs to buy according to David Einhorn’s Greenlight Capital. It is a special purpose acquisition company based in San Francisco. The firm went public in December 2020, raising more than $275 million from the initial public offering. It concentrates on mergers with companies working in the technology sector in the United States. The CEO of the firm is Adam Clammer.
Nebula Caravel Acquisition Corp. (NASDAQ: NEBC) has a market capitalization of over $340 million. It has signed a definitive agreement for a merger with Rover, a Seattle-based pet care startup that is planning to go public soon. Rover is valued at around $1.3 billion.
At the end of the first quarter of 2021, Greenlight Capital owned 122,400 shares in Nebula Caravel Acquisition Corp. (NASDAQ: NEBC) worth $1.2 million. This represented 0.08% of the investment portfolio of Greenlight Capital.
4. FinServ Acquisition Corp. II (NASDAQ: FSRX)
FinServ Acquisition Corp. II (NASDAQ: FSRX) is a special purpose acquisition company based in New York. It is ranked fourth on our list of 10 best SPACs to buy according to David Einhorn’s Greenlight Capital. The firm went public in February this year, raising more than $300 million from the initial offering. It concentrates on mergers with companies working in the financial services and financial technology sectors. The CEO of the firm is Lee Einbinder.
FinServ Acquisition Corp. II (NASDAQ: FSRX) has a market capitalization of over $370 million. The 52-week price range of the stock is between $9.6 and $10.4. In addition to mergers, the firm also explores capital stock exchange, asset acquisition, stock purchase, and reorganization of businesses.
At the end of the first quarter of 2021, Greenlight Capital owned 315,000 shares in FinServ Acquisition Corp. II (NASDAQ: FSRX) worth $3.1 million. This represented 0.21% of the investment portfolio of Greenlight Capital.
3. NextGen Acquisition Corporation (NASDAQ: NGAC)
NextGen Acquisition Corporation (NASDAQ: NGAC) is placed third on our list of 10 best SPACs to buy according to David Einhorn’s Greenlight Capital. It is a special purpose acquisition company based in Florida. The firm went public in October 2020, raising more than $375 million from the initial public offering. It focuses on mergers with companies working in the industrial and healthcare sectors in the United States.
NextGen Acquisition Corporation (NASDAQ: NGAC) has a market capitalization of over $460 million. It has signed a definitive agreement for a merger with Xos, the electric truck maker based in Los Angeles that is planning to go public soon. Xos is valued at close to $2 billion.
At the end of the first quarter of 2021, Greenlight Capital owned 432,200 shares in NextGen Acquisition Corporation (NASDAQ: NGAC) worth $4.2 million. This represented 0.29% of the investment portfolio of Greenlight Capital.
2. Supernova Partners Acquisition Company, Inc. (NYSE: SPNV)
Supernova Partners Acquisition Company, Inc. (NYSE: SPNV) is a special purpose acquisition company based in Washington. It is ranked second on our list of 10 best SPACs to buy according to David Einhorn’s Greenlight Capital. The firm went public in October 2020, raising more than $400 million from the initial offering. The company focuses on mergers with growth companies that are likely to benefit from tech-enabled trends. The CEO of the firm is Robert Reid.
Supernova Partners Acquisition Company, Inc. (NYSE: SPNV) has a market capitalization of close to $500 million. It has signed a definitive agreement for a merger with Offerpad, a company that offers tech-supported real estate services. Offerpad is planning to go public soon and is valued at close to $3 billion.
At the end of the first quarter of 2021, Greenlight Capital owned more than 1.2 million shares in Supernova Partners Acquisition Company, Inc. (NYSE: SPNV) worth $12.3 million. This represented 0.86% of the investment portfolio of Greenlight Capital.
1. Foley Trasimene Acquisition Corp. (NYSE: WPF)
Foley Trasimene Acquisition Corp. (NYSE: WPF) is placed first on our list of 10 best SPACs to buy according to David Einhorn’s Greenlight Capital. It is a special purpose acquisition company based in Las Vegas. It went public in May 2020, managing to raise over $1 billion from an initial offering. The company focuses on mergers with firms working in the financial services and financial technology sectors in the United States. The CEO of the SPAC is Richard Nelson Massey.
Foley Trasimene Acquisition Corp. (NYSE: WPF) has a market capitalization of over $1.2 billion. It has signed a definitive agreement for a merger with Alight, a fintech firm providing cloud-based services. Alight is planning to go public soon and is valued at over $7 billion.
At the end of the first quarter of 2021, Greenlight Capital owned more than 1.6 million shares in Foley Trasimene Acquisition Corp. (NYSE: WPF) worth $16.6 million. This represented 1.16% of the investment portfolio of Greenlight Capital.
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