SPACfacts: LFTR
Risk/Reward - A-
Current Price - $10.80
Management Team - A-
Trust Size - 200m
Target - Technology, Fintech
Time since IPO -4 months
Positives
• Founder is founder of VC firm specializing in early fintech investments = good deal flow.
• Board includes former star CEO of eTrade, and former COO of Coinbase/CEO of Figure.
• Team well-positioned for Crypto play.
• Crypto is hot, and w/ Coinbase IPOing, competitors need capital to remain competitive.
Negatives
• Team has no previous SPAC experience.
• Only 4mo into cycle, still fairly early in timeline. Opportunity cost.
• Lots of SPACs targetting the fintech sector.
Possible Targets
Blockchain Lending - Figure, Exchanges - Gemini, Kraken, Circle
Underwriters - A- Morgan Stanley
Key Leadership - Mark Casady (Founder @ Vestigo), Karl Roessner (Former eTrade CEO), Asif Hirsi (Former Coinbase COO, CEO Figure), Chip Roam (Founder @ Tiburon Partners)
Incorporation - Delaware
{"html5":"htmlmixed","css":"css","javascript":"javascript","php":"php","python":"python","ruby":"ruby","lua":"text\/x-lua","bash":"text\/x-sh","go":"go","c":"text\/x-csrc","cpp":"text\/x-c++src","diff":"diff","latex":"stex","sql":"sql","xml":"xml","apl":"apl","asterisk":"asterisk","c_loadrunner":"text\/x-csrc","c_mac":"text\/x-csrc","coffeescript":"text\/x-coffeescript","csharp":"text\/x-csharp","d":"d","ecmascript":"javascript","erlang":"erlang","groovy":"text\/x-groovy","haskell":"text\/x-haskell","haxe":"text\/x-haxe","html4strict":"htmlmixed","java":"text\/x-java","java5":"text\/x-java","jquery":"javascript","mirc":"mirc","mysql":"sql","ocaml":"text\/x-ocaml","pascal":"text\/x-pascal","perl":"perl","perl6":"perl","plsql":"sql","properties":"text\/x-properties","q":"text\/x-q","scala":"scala","scheme":"text\/x-scheme","tcl":"text\/x-tcl","vb":"text\/x-vb","verilog":"text\/x-verilog","yaml":"text\/x-yaml","z80":"text\/x-z80"}
