In this article, we discuss the 5 best SPACs to invest in according to Reddit. If you want to read our detailed analysis of these SPACs, go directly to the 10 Best SPACs to Invest In According to Reddit.
5. Zanite Acquisition Corp. (NASDAQ: ZNTE)
Zanite Acquisition Corp. (NASDAQ: ZNTE) is a special purpose acquisition company that operates from Ohio. It is ranked fifth on our list of 10 best SPACs to invest in according to Reddit. The company went public in November 2020 and managed to raise more than $230 million from the offering. It targets mergers with firms working in the aerospace, defense, and emerging technology sectors. The CEO of the firm is Steven Rosen.
Zanite Acquisition Corp. (NASDAQ: ZNTE) is reportedly in talks for a merger with Eve Urban Air Mobility, the Florida-based aerospace firm working on an electric vertical takeoff and landing vehicle and other solutions for urban air mobility, including air traffic management. The aerospace company is valued at over $2 billion and is expected to debut on the stock market late this year or early next year.
4. Alussa Energy Acquisition Corp. (NYSE: ALUS)
Alussa Energy Acquisition Corp. (NYSE: ALUS) is a special purpose acquisition company that is headquartered in Cayman Islands. It is ranked fourth on our list of 10 best SPACs to invest in according to Reddit. The firm went public in November 2019, raising close to $300 million from the initial offering. It now has a market capitalization of $360 million. It targets mergers with firms in the energy sector. The CEO of the company is Daniel Barcelo.
Alussa Energy Acquisition Corp. (NYSE: ALUS) has signed a definitive agreement for a merger with FREYR, a Norway-based firm that is developing lithium ion batteries. The company is valued at close to $1.5 billion and is expected to debut on the stock market soon. The company hopes to raise close to $850 million from the initial public offering to fund a project that aims to massively scale up the clean battery cell manufacturing capacity in Norway over the next four years.
3. FTAC Olympus Acquisition Corp. (NASDAQ: FTOC)
FTAC Olympus Acquisition Corp. (NASDAQ: FTOC) is a special purpose acquisition company based in Philadelphia. It is placed third on our list of 10 best SPACs to invest in according to Reddit. The target focus of the firm is the technology sector in general and the financial technology market in particular. It raised more than $754 million from IPO-related proceeds in August 2020. The CEO of the firm is Ryan Gilbert.
FTAC Olympus Acquisition Corp. (NASDAQ: FTOC) has signed a definitive agreement for a merger with Payoneer, the New York-based fintech firm valued at over $3.3 billion that is going to debut on the stock market soon. The company is expected to begin trading on the NASDAQ exchange under the ticker PAYO. FTAC presently has a market capitalization of close to $1 billion.
2. Social Capital Hedosophia Holdings Corp. VI (NYSE: IPOF)
Social Capital Hedosophia Holdings Corp. VI (NYSE: IPOF) is a special purpose acquisition company headquartered in California. It is placed second on our list of 10 best SPACs to invest in according to Reddit. The company concentrates on initial public offerings related to the technology sector. It went public in October 2020 and raised more than $1.1 billion from the offering. The CEO of the company is Chamath Palihapitiya.
Social Capital Hedosophia Holdings Corp. VI (NYSE: IPOF) is in talks for a merger with Equinox Holdings, the New York-based holding company that provides fitness services and is valued at over $7 billion. Equinox is planning an initial public offering soon. Some of the famous brands owned by Equinox Holdings include SoulCycle and Blink Fitness. Chamath Palihapitiya has previously done successful IPOs with five SPACs.
1. Churchill Capital Corp IV (NYSE: CCIV)
Churchill Capital Corp IV (NYSE: CCIV) is a special purpose acquisition company that operates from New York. It is ranked first on our list of 10 best SPACs to invest in according to Reddit. The primary focus of the firm is the financial services and technology sector. The company went public in July 2020 and managed to raise more than $2 billion from the offering. The CEO of the company is Michael Klein.
Churchill Capital Corp IV (NYSE: CCIV) has signed a definitive agreement for a merger with Lucid Motors, the California-based electric vehicle maker that is valued at over $35 billion and is going public soon. Lucid Motors is expected to begin trading on the New York Stock Exchange under the ticker LCID sometime this year. Churchill Capital has a market capitalization of over $6 billion.
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