Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Aquila Acquisition Corporation / Event-Driven

<ul>
<li>SPACs - remember them? US offerings in 2021 topped ~US$150bn, falling to US$13bn in 2022. Singapore joined the bandwagon in January 2022  and Hong Kong two months later.</li>
<li>That Hong Kong stock is <strong><a href="https://www.smartkarma.com/entities/aquila-acquisition-corporation" target="_blank" data-smartkarma-citation="entities:35435:1" rel="noopener">Aquila Acquisition Corporation (7836 HK)</a></strong>, and it recently announced a merger with <strong>ZG Group</strong>, a Chinese steel trading website.</li>
<li>That's positive. Less positive is how de-SPACed shares tend to trade in the US. </li>
</ul>


SPACs - remember them? US offerings in 2021 topped ~US$150bn, falling to US$13bn in 2022. Singapore joined the bandwagon in January 2022  and Hong Kong two months later.
That Hong Kong stock is Aquila Acquisition Corporation (7836 HK), and it recently announced a merger with ZG Group, a Chinese steel trading website.
That's positive. Less positive is how de-SPACed shares tend to trade in the US. 


SPAC Deep Dive, subSPAC

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SPAC Deep Dive

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

Equity Bottom-Up

<ul><li>Digital Publisher BuzzFeed's stock has seen an epic rally in the past week, with most of the gains driven by the company's decision to use Artificial Intelligence tools like OpenAI's ChatGPT to build quizzes and write content.</li><li>Essentially, investors have been cheering about the potential for improved profitability and content that can be written at scale by using these various tools.</li><li>This is a welcome change for the media outlet, which has seen its advertising revenues plummet, its site traffic decline across the board, and its balance sheet crumble.</li></ul>

Digital Publisher BuzzFeed's stock has seen an epic rally in the past week, with most of the gains driven by the company's decision to use Artificial Intelligence tools like OpenAI's ChatGPT to build quizzes and write content.Essentially, investors have been cheering about the potential for improved profitability and content that can be written at scale by using these various tools.This is a welcome change for the media outlet, which has seen its advertising revenues plummet, its site traffic decline across the board, and its balance sheet crumble.

Equity Capital Markets

<ul>
<li>BuzzFeed went public recently through a SPAC merger with 890 Fifth Avenue Partners in what may be the first in a wave of digital media companies making their public market debuts.</li>
<li>As a result of the higher than expected redemptions in the SPAC, BuzzFeed may run into a brick wall to fund its future acquisitions</li>
<li>Despite the steep discount, the company faces significant operational challenges ahead, including significant pressure on its balance sheet, scaling profitability and managing its capital in the long term.</li>
</ul>


BuzzFeed went public recently through a SPAC merger with 890 Fifth Avenue Partners in what may be the first in a wave of digital media companies making their public market debuts.
As a result of the higher than expected redemptions in the SPAC, BuzzFeed may run into a brick wall to fund its future acquisitions
Despite the steep discount, the company faces significant operational challenges ahead, including significant pressure on its balance sheet, scaling profitability and managing its capital in the long term.


Will BuzzFeed Win in the New Media Landscape?

United States

Buzzfeed Inc operates as a media and tech company. The Company focuses on internet media, news and entertainment content. Buzzfeed serves customers worldwide.

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Buzzfeed (BZFD US)

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subSPAC

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