Gillian Tans Puns

TLDR 1: I believe FTOC + Payoneer is likely. First, FTOC lists on the NASDAQ, Payoneer wants to be listed on the NASDAQ. Second, Gillian Tan broke the rumor, which increases my confidence. Her article indicates FTOC is cobbling together the PIPE. In fact, by analyzing Gillian rumor articles between Jan 2020 and Jan 2021, I believe the DA will be released within a month.

TLDR2: On Payoneer itself, need real numbers, but good first impressions from press coverage. Seems more of an exciting growth company than a boring one with a long list of clients but stable growth rate.

Disclosure: I hold commons at mid-10s cost basis.

1. Intro

Posting about something which is not CCIV these days seems like announcing DA in the middle of October 2020. But I'd like to share with you guys my thoughts about FTOC, Payoneer, and a little fun analysis I did on a Friday night about Gillian Tan's rumor articles.

I assume you are familiar with the FTOC the SPAC, and know who Betsy Cohen and Ryan Gilbert are. If you are not, the DD https://www.reddit.com/r/SPACs/comments/l1p4on/dd9_on_ftoc_ftac_olympus_acquisition_corp/ provides a good primer. Or you know, just read the intro and the management section in the S1 filing.

Rather than rehashing info from the S1, I'd just like to make two points about FTOC the SPAC. First, the Calcalist's original rumor (https://www.calcalistech.com/ctech/articles/0,7340,L-3883493,00.html) indicates that Payoneer is seeking to go public through a SPAC listed on the NASDAQ. This makes FTOC likely - large war chest, Jewish founder, and most other big/reputable fintech SPACs are listed on the NYSE. Why am I saying this even though the rumor is already out? Because deal is not finalized and some other redditors have raised the concern that other SPACs may end up bringing Payoneer public.

Second, per Gillian Tan's Jan 20th rumor article FTOC "has begun talks to raise new equity to support a transaction that’s slated to value the combined entity at more than $2.5 billion". I read this as the basic terms of the transaction are already agreed upon; it's now only about cobbling together a PIPE to finish it. After all, "advanced talk" was already reported by Calcalist in December 2020.

So how long will it take for the DA to come? And what kind of company Payoneer

I was inspired by this post by u/pomelo_2 and my large position in DCRC to come up with the table below of Bloomberg SPAC rumors from this year. Feel free to reference it for your own investment strategy. A few initial takeaways I have are:

• u/pomelo_2's post concludes that from Jan 2020 - 2021, Bloomberg rumors had a 91.7% accuracy rate, meaning 91.7% of the rumors eventually came true..
• Rumors that have been published starting in late May (VOSO, LEGO GIG) have been pretty quick to announce (3-11 days) after the rumor article
• Rumors between early April and early May seem to be taking a while, possibly due to the sentiment on SPACs at the time--> probably requiring lower valuations than initially reported (e.g. SVOK below)
• Surprised that the SVOK (Boxed) DA came through, as it's by far the longest timeline at 95 days
• No target company has been "stolen" by a different SPAC team than originally reported
• DCRC has some specific details such as valuation and PIPE $ amount. All previous SPAC rumors with a specific PIPE # have announced DA eventually, except for BTWN (very large PIPE of $500-750M) and COVA (fairly recent rumor, 5/17/2021).
• I believe DCRC is highly likely to occur (>90%), but it's just a question of when. Average days in between rumor and DA date is 21, median is 15.5. Based on this, I'd be surprised if it took more than 30 days, but willing to hold 90 days.

Phil

Here are some I have

Bangalore: Danai Gurira-Played Okoye in the MCU

Crypto:Johnny Young-The VO, or Lewis Tan-Cole Young in Mortal kombat

Horizon: Karen Gillian-Nebula in the MCU

Lifeline- Letitia Wright-Shuri in the MCU

Mirage- Rege-jean Page

https://www.bloomberg.com/news/articles/2021-05-06/softbank-backed-alto-said-in-talks-to-merge-with-gores-spac

By Gillian Tan and Michelle F Davis

May 6, 2021, 4:51 PM PDT Updated on May 6, 2021, 5:04 PM PDT

Alto Pharmacy, a startup that specializes in same-day delivery of prescription medications, is in talks to go public via a blank-check firm affiliated with Alec Gores, according to people with knowledge of the matter.

A deal between Alto and Gores Technology Partners II Inc., featuring a so-called private investment in public equity, or PIPE, is set to value the combined entity at around $2.3 billion, one of the people said. A transaction hasn’t been finalized and it’s possible talks could collapse, but if one is reached, it could be announced in the coming weeks.

Representatives for Gores and Alto declined to comment.

Alto was last valued at $600 million, according to PitchBook. Its backers include SoftBank Group Corp.’s Vision Fund 2, GreenOaks Capital, Jackson Square Ventures, Olive Tree Capital and Zola Global. The company was previously known as ScriptDash.

Gores Technology Partners II raised $460 million in a March initial public offering. Justin Wilson, now a Gores senior managing director and co-CEO of the SPAC, led SoftBank’s investment in Alto alongside Jeff Housenbold.

“​U.S. pharmacies comprise a $350 billion market, but providers and consumers face meaningful pain points,” Wilson said in a February 2020 statement announcing SoftBank’s investment in Alto. “Traditional pharmacies still rely on outdated technologies like phone, fax, and paper, that aren’t built for our increasingly digital world.”

Other digital health startups including Hims Inc., Talkspace, 23andMe Inc. and DocGo Inc. have agreed to go public via SPAC mergers.

— With assistance by Anto Antony

Go post NSFW jokes somewhere else. If I can't tell my kids this joke, then it is not a DAD JOKE.

If you feel it's appropriate to share NSFW jokes with your kids, that's on you. But a real, true dad joke should work for anyone's kid.

Mods... If you exist... Please, stop this madness. Rule #6 should simply not allow NSFW or (wtf) NSFL tags. Also, remember that MINORS browse this subreddit too? Why put that in rule #6, then allow NSFW???

Please consider changing rule #6. I love this sub, but the recent influx of NSFW tagged posts that get all the upvotes, just seem wrong when there are good solid DAD jokes being overlooked because of them.

Thank you,

A Dad.

Free shipping to the United States on all orders. $20 for shipping to Canada and $27 for the rest of the world. Grading follows Goldmind Standards (Sleeve/Record). Relevant Discogs pages are linked where available. See below for what I am interested in trading for. Records ship on the same day from the United States. Message me with any questions.

For Sale:

David Rawlings - Poor David's Almanack Signed by Dave Rawlings and Gillian Welch on the back cover. NM/NM. Pictures here. $150

Luke Combs ‎– This One's For You NM/NM. $18

Men I Trust ‎– Oncle Jazz, tan vinyl, unnumbered, slightly bent on corner VG+/NM $60

Selena Gomez ‎– Revelación *CD* NM/NM $10

SUMAC - Two Beats White vinyl. NM/NM. Pictures here. $75

Tate McRae ‎– One Day signed 7" Photos here. NM/NM $55

Thomas Rhett ‎– Tangled Up VG+/VG+ Photos here. $15

For Trade/OBO:

Alchemist - A Doctor, A Painter, and an Alchemist Walk into a Bar Limited to 200 on yellow vinyl. Pictures here. NM/NM

Boys Night Out ‎– Trainwreck Half Yellow, Half Black vinyl, limited to 600 NM/NM *very small seam split, still sealed. Photos here.

King Gizzard And The Lizard Wizard ‎– Teenage Gizzard Turntable Lab Exclusive Limited to 300 copies NM/NM. Photos here.

Mac Miller ‎– K.I.D.S. (Fat Beats Variant) rainbow splatter vinyl, limited to 500 copies NM/NM SOLD

I'd be interested in trading for early Khruangbin EPs, signed version o

Well, toucan play at that game.

https://www.bloomberg.com/news/articles/2021-04-30/lodging-firm-sonder-is-said-to-reach-gores-metropoulos-spac-deal

By Crystal Tse and Gillian Tan

April 30, 2021, 12:01 AM PDT

Lodging startup Sonder, which decks out apartments and hotel rooms as hip short-term rentals, has agreed to merge with blank-check company Gores Metropoulos II Inc., according to people familiar with the matter.

The agreement between Sonder and the Gores special purpose acquisition company, or SPAC, could be announced as soon as Friday, said the people, who asked not to be identified because the matter is private. The transaction would give the combined entity a pro forma enterprise value of $2.2 billion, the people said.

The transaction includes a $200 million private placement led by an affiliate of Gores Group, the investment firm founded by the SPAC’s Chief Executive Officer Alec Gores, with participation from Fidelity Management & Research Co., funds and accounts managed by BlackRock Inc., Atreides Management, entities affiliated with Moore Capital Management, Principal Global Investors and Senator Investment Group.

Representatives for Sonder and Gores declined to comment. Representatives for Atreides, BlackRock, Fidelity, Moore Capital, Principal and Senator didn’t immediately respond to requests for comment.

Last year, Sonder reached a valuation of $1.3 billion after a funding round.

The company previously raised more than $560 million and is backed by investors including Fidelity, WestCap, Inovia Capital, Valor Equity Partners, Greenoaks Capital, Greylock Partners and Spark Capital.

Gores Metropoulos II, led by CEO Gores and Chairman Dean Metropoulos, raised $450 million in a January initial public offering.

San Francisco-based Sonder first refurbishes short-term rentals and lists them on its website, as well as with Airbnb Inc. and Expedia Group Inc.’s Vrbo. Sonder, which has taken over other buildings including old hat factories and police stables, has also expanded in recent years to work with hotels.

Sonder CEO Francis Davidson began experimenting with amenities when he was managing apartments as a McGill University student in Montreal. Davidson founded Sonder in 2012 with Martin Picard, and told Bloomberg News in 2019 that the company had ambitions of raking in more revenue than Marriott by 2025.

Martin Freeman, and Andy Serkis.

They also play roles in Lord of the Rings.

I guess that makes them the Tolkien white guys.

She said apple-lutely

'Eye-do'

This is my first post pls don't kill me lol.

The people in the comment section is why I love this subreddit!!

Cred once again my sis wants credit lol

I heard parents named their children lance a lot.

First post please don't kill me

Edit: i went to sleep and now my inbox is dead, thank you kind strangers for the awards!

Japan.

second hand stores!

Keep in mind, my son is 4 years old, so everything is an original to him.

I had to work late into the evening yesterday, and he was just going to bed when I got home. I had left home for the office nearly 14 hours prior, had a long day, lots of meetings, traffic, etc.

When I walked through the door, I was exhausted, run down, and starving. My wife hugged me and asked how my day was, and I replied, "Done. It was a good day, but has got me exhausted. I just want to grab a bite and go to bed. I'm hungry."

From my son's bedroom, I hear him shout, "Hi Hungry! Nice to meet you!"

Not only did it make me laugh, but I completely forgot about how hungry and tired I was. I went to his bedroom, and we laughed together about it. It was exactly what I needed.

Edit: Thanks for all the awards, kind strangers! I'll let my son know y'all enjoyed his joke too!

it's Hans free now..

Payments Startup Payoneer Said in Merger Talks With Cohen SPAC (Bloomberg)

By Gillian Tan and Yaacov Benmeleh

(Bloomberg) -- Payoneer Inc., an online payments specialist, is in talks to go public through a merger with FTAC Olympus Acquisition Corp., a blank-check firm, according to people with knowledge of the matter.

The special purpose acquisition company has begun talks to raise new equity to support a transaction that’s slated to value the combined entity at more than $2.5 billion, said one of the people, who asked to not be identified because the matter isn’t public. As a deal isn’t finalized, it’s possible terms change or talks fall apart.

Representatives for New York-based Payoneer and FTAC declined to comment.

Founded in 2005, Payoneer -- which has said it’s profitable -- is backed by investors including Wellington Management Co., TCV, Greylock Partners, Ping An and Viola Ventures. The company, founded in Israel by Yuval Tal and now led by Chief Executive Officer Scott Galit, operates in more than 200 countries and territories. It provides services including cross-border payments for customers including Airbnb Inc., Amazon.com Inc., Google and Walmart Inc. its website shows.

FTAC, led by Chairman Betsy Cohen and Chief Executive Officer Ryan Gilbert, raised roughly $755 million in an August initial public offering for the purpose of acquiring or merging with a technology or financial services technology-focused company.

Read More: SoFi Plans for More Mergers After Going Public Through SPAC

Cohen is also chairman of blank-check firms FinTech Acquisition Corp. IV, which last month agreed to combine with Perella Weinberg Partners, and FinTech Acquisition Corp. V. She’s also chairman of FTAC Athena Acquisition Corp. which this week filed paperwork ahead of a targeted $220 million IPO and was the chairman of FinTech Acquisition Corp. III when it merged with payments company Paya Holdings Inc.

Old Neeeeiiiiighvy

A buck-an-ear!

I Thank ye kind Matey for the booty! I be truly overwhelmed! Thank you!

Holy cow! Thank you everyone for the upvotes and awards! I wasn’t expecting this!

He should have a good vowel movement. His next diaper change could spell disaster though.

Making it all the way home and realizing that they forgot one of the containers:

Riceless

That was the punchline

Happy Sunday everyone. I hope those of you here are enjoying the sub. After researching more into the Bloomberg reporter Gillian Tan (GT), I found information which may be significant to the potential DA. Much of the information below comes from this post by /u/pomelo_2

TLDR: I believe the DA will happen, but will take place in late June or early July, later than many are expecting.

Below are a few of my notes from the analysis.

"Interestingly, Gillian often reports the estimated PIPE size, the valuation of the company, or both, in her successful rumor articles. Both failed rumors CCX-Topgolf and ANDA mentioned neither the valuation nor the PIPE size. Among the successful rumors, only the CCX-Skillsoft and ATAC articles did not report these information."

The DCRC rumor mentioned a valuation. At the time of the post, every GT rumor (between Jan '20 and Jan '21) mentioning PIPE or the valuation resulted in an eventual DA.

Continuing, "All SPACs in the first group of successful rumors with clearly defined DA timeline announced DA within the timeframe reported by Gillian. For the second group [Successful rumors without a clearly defined timeline], it takes on average 3 weeks to a month. There are two outliers. One is OAC which took almost two months for the DA to come out after the rumor. The other is DMYT which only took a few days."

The DCRC rumor did NOT mention a clear timeline. Aside from DMYT, rumors which did not mention a clear timeline [n=13] took around three weeks to a month. This leads me to believe that a DCRC DA may be further away than many are expecting, somewhere in the late June to early July time frame.

On top of this analysis, many are expecting a DA come Monday/Tuesday because of the hastiness of their previous SPAC, DCRB in announcing a DA with Hyzon post-rumor (4 days between). While both were reported by GT, there is a minor yet possibly significant difference in the wording. The initial DCRB/Hyzon rumor announced that the target had "agreed to go public via a merger". The initial wording for the DCRC/Solid Power rumor only stated they were "in talks". Whether this affects the timing or even the occurrence of an eventual DA, it's significant to note.

I see a few implications if this proves true. First, many are expecting a DA come Monday or Tuesday; if it does not happen, there may be a selloff. This wi

I missed this article before: https://www.calcalistech.com/ctech/articles/0,7340,L-3883493,00.html

It specifically mentions NASDAQ which further supports FTOC. It also mentions that they had been working on a deal for the past month.

The article was written on 12/23, which puts this in progress for about 60 days thus far. And, as of 12/23 they had already been drafting their SEC filing.

I think it's reasonable to expect that this happens very soon.

10+10 is twenty and 11+11 is twenty too

Free shipping to the United States on all orders. $20 for shipping to Canada and $27 for the rest of the world. Grading follows Goldmind Standards (Sleeve/Record). Relevant Discogs pages are linked where available. See below for what I am interested in trading for. Records ship on the same day from the United States. Message me with any questions.

For Sale:

David Rawlings - Poor David's Almanack Signed by Dave Rawlings and Gillian Welch on the back cover. NM/NM. Pictures here. $100

Luke Combs ‎– This One's For You NM/NM. $18

Men I Trust ‎– Oncle Jazz, tan vinyl, unnumbered, slightly bent on corner VG+/NM $60

Selena Gomez ‎– Revelación *CD* NM/NM $10

SUMAC - Two Beats White vinyl. NM/NM. Pictures here. $75

Tate McRae ‎– One Day signed 7" Photos here. NM/NM $55

Thomas Rhett ‎– Tangled Up VG+/VG+ Photos here. $15

For Trade/OBO:

Alchemist - A Doctor, A Painter, and an Alchemist Walk into a Bar Limited to 200 on yellow vinyl. Pictures here. NM/NM

Boys Night Out ‎– Trainwreck Half Yellow, Half Black vinyl, limited to 600 NM/NM *very small seam split, still sealed. Photos here.

Danny Brown ‎– XXX NM-/NM slightly bent on the bottom right corner

King Gizzard And The Lizard Wizard ‎– Teenage Gizzard Turntable Lab Exclusive Limited to 300 copies NM/NM. Photos here.

The Black Queen ‎– Fever Daydream numbered. NM/NM small seam split

I'