In this article, we discuss the 5 best SPACs to buy according to SoftBank’s Masayoshi Son. If you want to read our detailed analysis of Son’s history, and hedge fund performance, go directly to the 10 Best SPACs to Buy According to SoftBank’s Masayoshi Son.
5. Khosla Ventures Acquisition Co. (NASDAQ: KVSA)
Khosla Ventures Acquisition Co. (NASDAQ: KVSA) is placed fifth on our list of 10 best SPACs to buy according to SoftBank’s Masayoshi Son. It is a special purpose acquisition company based in California. The firm went public in March 2021, raising more than $345 million from the initial public offering. It concentrates on mergers with companies working in the technology sector in the United States that differentiate themselves from the competition through proprietary technology. The CEO of the firm is Samir Kaul.
Khosla Ventures Acquisition Co. (NASDAQ: KVSA) has a market capitalization of over $449 million. It has signed a definitive agreement for a merger with Valo Health, a Boston-based startup that uses machine learning to enhance the drug development process. Value Health is valued at close to $3 billion.
At the end of the first quarter of 2021, SB Management owned 3 million shares in Khosla Ventures Acquisition Co. (NASDAQ: KVSA) worth $30.2 million. This represented 0.19% of the investment portfolio of SB Management.
4. Khosla Ventures Acquisition Co. III (NASDAQ: KVSC)
Khosla Ventures Acquisition Co. III (NASDAQ: KVSC) is a special purpose acquisition company based in California. It is ranked fourth on our list of 10 best SPACs to buy according to SoftBank’s Masayoshi Son. The firm went public in March this year, raising more than $563 million from the initial offering. It concentrates on mergers with companies working in the technology sector around the world. The CEO of the firm is Samir Kaul.
Khosla Ventures Acquisition Co. III (NASDAQ: KVSC) has a market capitalization of over $652 million. The 52-week price range of the stock is between $9.6 and $10.2. The firm also markets capital stock exchange, asset acquisition, and other services in addition to mergers.
At the end of the first quarter of 2021, SB Management owned 3.5 million shares in Khosla Ventures Acquisition Co. III (NASDAQ: KVSC) worth $34 million. This represented 0.22% of the investment portfolio of SB Management.
3. Compute Health Acquisition Corp. (NYSE: CPUH)
Compute Health Acquisition Corp. (NYSE: CPUH) is placed third on our list of 10 best SPACs to buy according to SoftBank’s Masayoshi Son. It is a special purpose acquisition company based in Delaware. The firm went public in February 2021, raising more than $862 million from the initial public offering. It focuses on mergers with companies working in the health, healthcare technology, and computational healthcare sectors. The CEO of the firm is Joshua Aaron Fink.
Compute Health Acquisition Corp. (NYSE: CPUH) has a market capitalization of over $1 billion. The company is still exploring possible mergers with startups to help them go public. The 52-week price range of the stock is between $9.5 and $10.7.
At the end of the first quarter of 2021, SB Management owned 4 million shares in NextGen Compute Health Acquisition Corp. (NYSE: CPUH) worth $40 million. This represented 0.25% of the investment portfolio of SB Management.
2. FTAC Hera Acquisition Corp. (NASDAQ: HERA)
FTAC Hera Acquisition Corp. (NASDAQ: HERA) is a special purpose acquisition company based in Philadelphia. It is ranked second on our list of 10 best SPACs to buy according to SoftBank’s Masayoshi Son. The firm went public in March 2021, raising more than $851 million from the initial offering. The company focuses on mergers with growth companies working in the technology and financial technology sectors. The CEO of the firm is Daniel Gideon Cohen.
FTAC Hera Acquisition Corp. (NASDAQ: HERA) has a market capitalization of close to $1.06 billion. It is still searching for a potential merger. The 52-week price range of the stock is between $9.6 and $10.
At the end of the first quarter of 2021, SB Management owned more than 5 million shares in FTAC Hera Acquisition Corp. (NASDAQ: HERA) worth $49 million. This represented 0.32% of the investment portfolio of SB Management.
1. Churchill Capital Corp IV (NYSE: CCIV)
Churchill Capital Corp IV (NYSE: CCIV) is placed first on our list of 10 best SPACs to buy according to SoftBank’s Masayoshi Son. It is a special purpose acquisition company based in New York. It went public in July 2020, managing to raise over $2 billion from an initial offering. The company focuses on mergers with firms working in the United States. The CEO of the SPAC is Michael Klein.
Churchill Capital Corp IV (NYSE: CCIV) has a market capitalization of over $6.9 billion. It has signed a definitive agreement for a merger with Lucid Motors, a California-based electric vehicle maker. Lucid Motors is valued at over $11 billion.
At the end of the first quarter of 2021, SB Management owned more than 3.3 million shares in Churchill Capital Corp IV (NYSE: CCIV) worth $77 million. This represented 0.49% of the investment portfolio of SB Management.
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