Guasty Winds Investment Ideas, Guasty Winds

Guasty Winds

Guasty Winds Investment Ideas

I am a full-time private investor, ex-L/S. I document my investment portfolio decisions and share my work here.

Equity Bottom-Up

<ul><li>I am short AURC (Aurora Acquisition Corp), the SPAC that will be bringing Better.com to market next week. I think the fair value of the company is ~81 cents - it is currently trading at $32.</li><li>Yes, borrow is hard to come by - but it does exist in small quantities. When the DeSpac occurs next week, if the stock doesn’t collapse 98% on day one, then borrow should be accesible.</li><li>Better CEO/founder Vishal Garg has a long history of bankruptcies, deception and fraud accusations.</li></ul>

I am short AURC (Aurora Acquisition Corp), the SPAC that will be bringing Better.com to market next week. I think the fair value of the company is ~81 cents - it is currently trading at $32.Yes, borrow is hard to come by - but it does exist in small quantities. When the DeSpac occurs next week, if the stock doesn’t collapse 98% on day one, then borrow should be accesible.Better CEO/founder Vishal Garg has a long history of bankruptcies, deception and fraud accusations.

SPAC Deep Dive, subSPAC

subSPAC

SPAC Deep Dive

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

Equity Capital Markets

Better Home & Finance / Equity Capital Markets

<ul><li>Things have gone from bad to worse at digital mortgage firm Better.com.</li><li>Back in May last year, the company was riding a high of closing $500 million in funding from SoftBank, while announcing plans to go public at a $7.7 billion valuation with Aurora Acquisition</li><li>However, things turned sour for the company, with negative press coverage, weaker financials due to a changing market, and low employee morale due to the antics of the CEO</li></ul>

Things have gone from bad to worse at digital mortgage firm Better.com.Back in May last year, the company was riding a high of closing $500 million in funding from SoftBank, while announcing plans to go public at a $7.7 billion valuation with Aurora AcquisitionHowever, things turned sour for the company, with negative press coverage, weaker financials due to a changing market, and low employee morale due to the antics of the CEO

Better’s SPAC Deal Could be Another SoftBank Disaster

Independent Research, SPACs, SPAC Track

SPAC Track

Independent Research, SPACs

<ul><li>Social Capital Suvretta Holdings Corp. III (DNAC: no warrants, common +0.01%) &amp; ProKidney</li><li>Vishal Garg, founder and CEO of digital mortgage lender Better, [merging with Aurora Acquisition Corp. (AURC)] is staying on as CEO</li><li>Shares of SoFi rallied as more than 16% in after-hours trading on Tuesday following news that the fintech cleared its final regulatory hurdle in becoming a bank.</li></ul>

Social Capital Suvretta Holdings Corp. III (DNAC: no warrants, common +0.01%) &amp; ProKidneyVishal Garg, founder and CEO of digital mortgage lender Better, [merging with Aurora Acquisition Corp. (AURC)] is staying on as CEOShares of SoFi rallied as more than 16% in after-hours trading on Tuesday following news that the fintech cleared its final regulatory hurdle in becoming a bank.

Pine Technology Acquisition / Equity Capital Markets

<ul><li>Pine Technology Acquisition Corp. (PTOC: warrants -0.01%) &amp; Tomorrow.io (Valuation: $729M EV)</li><li>Oaktree Acquisition Corp. II (OACB: warrants +20.18%) &amp; Alvotech (Valuation: $2.25B EV)</li><li>FoxWayne Enterprises Acquisition (FOXW: warrants -8.06%) &amp; Aerami Therapeutics (Valuation: Transaction values Aerami at $250M)</li></ul>

Pine Technology Acquisition Corp. (PTOC: warrants -0.01%) &amp; Tomorrow.io (Valuation: $729M EV)Oaktree Acquisition Corp. II (OACB: warrants +20.18%) &amp; Alvotech (Valuation: $2.25B EV)FoxWayne Enterprises Acquisition (FOXW: warrants -8.06%) &amp; Aerami Therapeutics (Valuation: Transaction values Aerami at $250M)

Atlantic Coastal Acquisition / Equity Capital Markets

<ul><li>Atlantic Coastal Acquisition Corporation (ACAH: warrants +19.10%) &amp; Essentium (Valuation: $974M EV)</li><li>Broadscale Acquisition Corp. (SCLE: warrants +15.24%) &amp; Voltus (Valuation: $816M EV)</li><li>CF Acquisition Corp. VI (CFVI) &amp; Rumble (Valuation: $816M EV)</li></ul>

Atlantic Coastal Acquisition Corporation (ACAH: warrants +19.10%) &amp; Essentium (Valuation: $974M EV)Broadscale Acquisition Corp. (SCLE: warrants +15.24%) &amp; Voltus (Valuation: $816M EV)CF Acquisition Corp. VI (CFVI) &amp; Rumble (Valuation: $816M EV)

Rumble in the SPAC Jungle with 3 deals today

United Kingdom

Better HoldCo, Inc. (“Better”) and Aurora Acquisition Corp., a special purpose acquisition company (“Aurora”) business combination.

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Better Home & Finance (BETR US)

Short Idea: AURC-US (Better Mortgage)

*By continuing to read this article you agree to the disclaimer at the bottom of this page. This is not financial or investment advice. Do your own...

Guasty Winds

Better’s SPAC Deal Could be Another SoftBank Disaster

Things have gone from bad to worse at digital mortgage firm Better.com. Back in May last year, the company was riding a high of closing $500...

subSPAC

The Nightcap from SPAC Track

Social Capital Suvretta Holdings Corp. III (DNAC: no warrants, common +0.01%) & ProKidney. Vishal Garg, founder and CEO of digital mortgage lender...

SPAC Track

The Nightcap from SPAC Track

Pine Technology Acquisition Corp. (PTOC: warrants -0.01%) & Tomorrow.io (Valuation: $729M EV). Oaktree Acquisition Corp. II (OACB: warrants...

SPAC Track

Rumble in the SPAC Jungle with 3 deals today

Atlantic Coastal Acquisition Corporation (ACAH: warrants +19.10%) & Essentium (Valuation: $974M EV). Broadscale Acquisition Corp. (SCLE: warrants...

SPAC Track

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