Thesis. Diamond Eagle Acquisition Corp. operates as a blank check company. The impact to a portfolio due to this purchase was 4.08%. Flying Eagle Acquisition Corp. That should be encouraging. NYSE:OAC. With a 600 mil ipo it’s definitely his teams biggest endeavor. Source: Reddit. I saw this come up on twitter but here you go; “The Queen” is an investment firm based out of ALBERTA, Canada. Spinning Eagle Acquisition filed to offer 150 million units at $10 per unit to raise $1.5 billion in an IPO. $1.60b +3.78%. I like FMCI as well doubtful its Impossible but the plant based product market is hot regardless. Yeah, this is my strategy too. Spinning Eagle is introducing an innovation that would allow the SPAC to rightsize by spinning off part of itself if all of the capital is not needed for a single transaction. Flying Eagle Acquisition Corp. Jeff Sagansky and Harry Sloan have established six SPACs since 2011, each with varying degrees of success. Those aspects loom large for a company like Skillz. His SPAC Platinum Eagle which changed into Target Hospitality in March 2019 never had any success and is down roughly 90%. Oaktree Acquisitions Corp. Hims & Hers. By using our Services or clicking I agree, you agree to our use of cookies. The transaction will value Skillz at around $3.6 billion, according to Skillz. Rofl. Yea I know they’ve had a bunch of Spacs I think he pst but this one has the most funding so most likely going after a big target, No options available on robin hood NOT INTERESTED. If a few of them break out, it should cover the duds. Pretty sure your shares get redeemed at IPO price of $10 which takes out a lot of the risk, since these things usually just trade around 10 until the merger is announced. MERGER ALERT – AKCA, FEAC, and BLDR: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies Edit: Flying Eagle Acquisition Corp issued a press release on Dec 1st to announce the SEC has declared their Prospectus effective and the meeting date: "Flying Eagle Announces Effectiveness of Registration Statement for Proposed Business Combination with Skillz, Special Meeting Scheduled for December 16, 2020", https://www.businesswire.com/news/home/20201201006249/en/Flying-Eagle-Announces-Effectiveness-of-Registration-Statement-for-Proposed-Business-Combination-with-Skillz. They have like 8 SPACs that haven't activated yet dude. A SPAC usually has 18 months to 24 months to find a merger target. Will definitely be throwing some money at this one and forgetting about it for a year. On Sept. 2, mobile gaming company Skillz agreed to a reverse merger with a SPAC called Flying Eagle Acquisition Corp (FEAC). Mobile gaming firm Skillz Inc will float its shares on the New York Stock Exchange through a merger with Flying Eagle Acquisition Corp, a blank-check company founded by Hollywood executives Harry Sloan and Jeff Sagansky. Cookies help us deliver our Services. Does the stock get delisted? FEAC Flying Eagle Acquisition Form 3 5 Mar 20 Flying Eagle Acquisition / Eli Baker ownership change. 10 dollar floor makes these low risk if you get in early enough. Flying Eagle Acquisition Corp. Skillz. Just noticed a new Spac on the market went public in late April, Flying Eagle Acquisition Corp. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Here are three reasons: 1. [Flying Eagle Acquisition Corp] What is this SPAC and the company that it is acquiring? 1 — The Business Combination Proposal ", " Only FEAC Stockholders as of the close of business on November 6, 2020, the record date for the Special Meeting, are entitled to vote at the Special Meeting. Fuck it I'm in. The most recent, Flying Eagle Acquisition (FEAC, $10.59), raised $600 million in early March. FEAC Dashboard Financials Data Institutional News Filings Reddit Shorts 3 Filing. Looks like you're using new Reddit on an old browser. Although Spinning Eagle … 2020-09-02--$500.00m----NYSE:FEAC. If it passes does this mean it will merge on 12/16? The deal results in … Flying Eagle Acquisition Corp. (FEAC) announced a merger with Skillz earlier this year. The stock is now traded at around $12.74. By using our Services or clicking I agree, you agree to our use of cookies. Special Meeting Scheduled for December 16, 2020" They announced a deal to acquire a company … Flying Eagle Acquisition Corp (FEAC) has also made SPAC headway with its DraftKings investment. Love me a mystery box. Skillz, a mobile games platform commonly used to connect players in tournaments, announced its plans to go public at an expected equity valuation of $3.5 billion.. These are the same guys that just took DraftKings public which is why I find it interesting. The Flying Eagle cent is a one-cent piece struck by the Mint of the United States as a pattern coin in 1856 and for circulation in 1857 and 1858. ", https://www.sec.gov/Archives/edgar/data/1801661/000110465920130525/tm2030148-16_s4a.htm. It is like, would you like this brand new car, or the mystery box! this is the same investment group that lost $4B earlier this year betting against market volatility (ie trying to short VIX), https://www.institutionalinvestor.com/article/b1l9c8n9lgdj1r/AIMCo-s-3-Billion-Volatility-Trading-Blunder. "TO THE STOCKHOLDERS OF FLYING EAGLE ACQUISITION CORP.: NOTICE IS HEREBY GIVEN that a special meeting (the “Special Meeting”) of the stockholders of Flying Eagle Acquisition Corp., a Delaware corporation (“FEAC,” “we,” “us” or “our”), will be held at 10:00 a.m., New York City time, on December 16, 2020 at https://www.cstproxy.com/flyingeagleacquisitioncorp/sm2020. Filing menu. Press question mark to learn the rest of the keyboard shortcuts. Sanchez: Yeah, FEAC, this is another post-deal SPAC. What happens to those who have their shares? Cookies help us deliver our Services. These are the same guys that just took DraftKings public which is why I find it interesting. SEC Form 3. If news breaks then great. On March 5, the duo sold 60 million units of Flying Eagle Acquisition at $10 per unit. Flying Eagle Acquisition Corp. is a SPAC from Jeff Sagansky and Harry Sloan, the same minds behind DraftKings (NASDAQ:DKNG), a stock I believe will do very well over the long haul. Flying Eagle Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Can't afford a ton, but gonna throw a few hundred at it, Starting to treat SPACS like my own separate savings accounts. No announcement on potential merger partners here, but I imagine these guys have something up their sleeves. Flying Eagle Acquisition Corp. (FEAC) exchanged 3400695 shares on hands in most recent trading session and observed an average volume with 1957.23K shares. You are cordially invited to attend the Special Meeting, which will be held for the following purposes: (a) Proposal No. Sports betting giant DraftKings is set to become a public company after setting a merger agreement with Diamond Eagle Acquisition Corp., the public acquisition vehicle headed by … All of his spacs have had success i there first two years of fully merging onto the market. Flying Eagle Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or … 2020-10-01--$175.00m. I’m new to SPACS. https://www.cstproxy.com/flyingeagleacquisitioncorp/sm2020. I’m using the premiums from the options I sell to buy into SPACs. Subscribe to the Crunchbase Daily. Flying Eagle Acquisition Corp. [ FEAC] 4. And $FMCI with a popular plant based company most hope is impossible foods (doubtful), My thoughts exactly. Why are SPACs so popular in 2020? New Purchase: Flying Eagle Acquisition Corp (FEAC) Ennismore Fund Management Ltd initiated holding in Flying Eagle Acquisition Corp. Usually within a couple days of the vote, so maybe December 18th or so. Just noticed a new Spac on the market went public in late April, Flying Eagle Acquisition Corp. The SPAC … Definitely something to watch, but keep in mind this is just a blank check holding company at the moment. April 22, 2020 – Flying Eagle Acquisition Corp., Led by Harry Sloan and Founding Investor Jeff Sagansky, Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing on or about April 27, 2020 – Read Full Story. Flying Eagle Acquisition Corp., the sixth public acquisition vehicle led by veteran Hollywood executives Harry Sloan and Jeff Sagansky, on Thursday announced its plans for a … The Queen has a 5.1% stake in this company. How long before a SPAC merges? Unless I’m missing something, they’re relatively low risk with $10 floor... set it and forget it. To be exact Harry Sloan has worked on 6 spacs ($FEAC) being the sixth. Gaming companies have at times been hard sells to public investors, usually due to the hit-or-miss nature of creating games. Pandemic: the global pandemic has caused fans to retreat along with sports team revenues. Press question mark to learn the rest of the keyboard shortcuts. Sloan and Sagansky launched Flying Eagle Acquisition Corp. in March with a $600 million initial public offering. Their full legal name is “Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp” aka “AIMCo”, https://www.swfinstitute.org/profile/598cdaa50124e9fd2d05a80b, Anyways I wouldn’t take this as a big deal. Founded in 2012, the company is going public through a merger with Flying Eagle Acquisition Corp. (NYSE: FEAC), a publicly traded special purpose acquisition company, or SPAC. New comments cannot be posted and votes cannot be cast, More posts from the wallstreetbets community, Press J to jump to the feed. Flying Eagle Acquisition Corporation attracted the money of several known longer-term investors such as Fidelity, Franklin Templeton and Wellington for the Skillz deal. $CCH is another one in talks of acquiring Utz chips. The purchase prices were between $10.36 and $14.02, with an estimated average price of $11.49. I kind of love this. What happens if the merger never happens? Finally, the Flying Eagle Acquisition Corp. (NYSE:FEAC) is a $600 million SPAC that IPOed in March 2020. Threw a couple hundred bucks at it. Edit: Flying Eagle Acquisition Corp issued a press release on Dec 1st to announce the SEC has declared their Prospectus effective and the meeting date: "Flying Eagle Announces Effectiveness of Registration Statement for Proposed Business Combination with Skillz. The In this case, a SPAC called Flying Eagle Acquisition, headed by Bethesda owner ZeniMax and DraftKings SPAC veteran Harry Sloan, raised $690 million as a publicly traded entity. Flying Eagle Acquisition Corp. is a SPAC from Jeff Sagansky and Harry Sloan, the same minds behind DraftKings (NASDAQ:DKNG), a stock I believe will do very well over the long haul. No announcement on potential merger partners here, but I imagine these guys have something up their sleeves.