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