Subscribe to the Crunchbase Daily. SEC Form 3. Press question mark to learn the rest of the keyboard shortcuts. Flying Eagle Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or … The impact to a portfolio due to this purchase was 4.08%. Can't afford a ton, but gonna throw a few hundred at it, Starting to treat SPACS like my own separate savings accounts. You are cordially invited to attend the Special Meeting, which will be held for the following purposes: (a) Proposal No. Finally, the Flying Eagle Acquisition Corp. (NYSE:FEAC) is a $600 million SPAC that IPOed in March 2020. Sanchez: Yeah, FEAC, this is another post-deal SPAC. I kind of love this. Edit: Flying Eagle Acquisition Corp issued a press release on Dec 1st to announce the SEC has declared their Prospectus effective and the meeting date: "Flying Eagle Announces Effectiveness of Registration Statement for Proposed Business Combination with Skillz, Special Meeting Scheduled for December 16, 2020", https://www.businesswire.com/news/home/20201201006249/en/Flying-Eagle-Announces-Effectiveness-of-Registration-Statement-for-Proposed-Business-Combination-with-Skillz. If it passes does this mean it will merge on 12/16? Spinning Eagle Acquisition filed to offer 150 million units at $10 per unit to raise $1.5 billion in an IPO. Diamond Eagle Acquisition Corp. operates as a blank check company. https://www.cstproxy.com/flyingeagleacquisitioncorp/sm2020. The SPAC … Here are three reasons: 1. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. The transaction will value Skillz at around $3.6 billion, according to Skillz. ", https://www.sec.gov/Archives/edgar/data/1801661/000110465920130525/tm2030148-16_s4a.htm. Just noticed a new Spac on the market went public in late April, Flying Eagle Acquisition Corp. Flying Eagle Acquisition Corp. Skillz. Flying Eagle Acquisition Corp. (FEAC) announced a merger with Skillz earlier this year. These are the same guys that just took DraftKings public which is why I find it interesting. New Purchase: Flying Eagle Acquisition Corp (FEAC) Ennismore Fund Management Ltd initiated holding in Flying Eagle Acquisition Corp. Thesis. To be exact Harry Sloan has worked on 6 spacs ($FEAC) being the sixth. Special Meeting Scheduled for December 16, 2020" If news breaks then great. Flying Eagle Acquisition Corp. is a SPAC from Jeff Sagansky and Harry Sloan, the same minds behind DraftKings (NASDAQ:DKNG), a stock I believe will do very well over the long haul. Flying Eagle Acquisition Corp. is a SPAC from Jeff Sagansky and Harry Sloan, the same minds behind DraftKings (NASDAQ:DKNG), a stock I believe will do very well over the long haul. By using our Services or clicking I agree, you agree to our use of cookies. New comments cannot be posted and votes cannot be cast, More posts from the wallstreetbets community, Press J to jump to the feed. Flying Eagle Acquisition Corp., the sixth public acquisition vehicle led by veteran Hollywood executives Harry Sloan and Jeff Sagansky, on Thursday announced its plans for a … Flying Eagle Acquisition Corporation attracted the money of several known longer-term investors such as Fidelity, Franklin Templeton and Wellington for the Skillz deal. Sloan and Sagansky launched Flying Eagle Acquisition Corp. in March with a $600 million initial public offering. I like FMCI as well doubtful its Impossible but the plant based product market is hot regardless. Press question mark to learn the rest of the keyboard shortcuts. Looks like you're using new Reddit on an old browser. $CCH is another one in talks of acquiring Utz chips. What happens if the merger never happens? Sports betting giant DraftKings is set to become a public company after setting a merger agreement with Diamond Eagle Acquisition Corp., the public acquisition vehicle headed by … The deal results in … MERGER ALERT – AKCA, FEAC, and BLDR: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies Just noticed a new Spac on the market went public in late April, Flying Eagle Acquisition Corp. Flying Eagle Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The purchase prices were between $10.36 and $14.02, with an estimated average price of $11.49. The Flying Eagle cent is a one-cent piece struck by the Mint of the United States as a pattern coin in 1856 and for circulation in 1857 and 1858. Flying Eagle Acquisition Corp. April 22, 2020 – Flying Eagle Acquisition Corp., Led by Harry Sloan and Founding Investor Jeff Sagansky, Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing on or about April 27, 2020 – Read Full Story. "TO THE STOCKHOLDERS OF FLYING EAGLE ACQUISITION CORP.: NOTICE IS HEREBY GIVEN that a special meeting (the “Special Meeting”) of the stockholders of Flying Eagle Acquisition Corp., a Delaware corporation (“FEAC,” “we,” “us” or “our”), will be held at 10:00 a.m., New York City time, on December 16, 2020 at https://www.cstproxy.com/flyingeagleacquisitioncorp/sm2020. FEAC Flying Eagle Acquisition Form 3 5 Mar 20 Flying Eagle Acquisition / Eli Baker ownership change. I’m new to SPACS. What happens to those who have their shares? I saw this come up on twitter but here you go; “The Queen” is an investment firm based out of ALBERTA, Canada. Will definitely be throwing some money at this one and forgetting about it for a year. Why are SPACs so popular in 2020? Pandemic: the global pandemic has caused fans to retreat along with sports team revenues. Founded in 2012, the company is going public through a merger with Flying Eagle Acquisition Corp. (NYSE: FEAC), a publicly traded special purpose acquisition company, or SPAC. On March 5, the duo sold 60 million units of Flying Eagle Acquisition at $10 per unit. They have like 8 SPACs that haven't activated yet dude. 1 — The Business Combination Proposal ", " Only FEAC Stockholders as of the close of business on November 6, 2020, the record date for the Special Meeting, are entitled to vote at the Special Meeting. The most recent, Flying Eagle Acquisition (FEAC, $10.59), raised $600 million in early March. 2020-10-01--$175.00m. Those aspects loom large for a company like Skillz. Their full legal name is “Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp” aka “AIMCo”, https://www.swfinstitute.org/profile/598cdaa50124e9fd2d05a80b, Anyways I wouldn’t take this as a big deal. It is like, would you like this brand new car, or the mystery box! Flying Eagle Acquisition Corp. Jeff Sagansky and Harry Sloan have established six SPACs since 2011, each with varying degrees of success. I’m using the premiums from the options I sell to buy into SPACs. And $FMCI with a popular plant based company most hope is impossible foods (doubtful), My thoughts exactly. In this case, a SPAC called Flying Eagle Acquisition, headed by Bethesda owner ZeniMax and DraftKings SPAC veteran Harry Sloan, raised $690 million as a publicly traded entity. Flying Eagle Acquisition Corp (FEAC) has also made SPAC headway with its DraftKings investment. Usually within a couple days of the vote, so maybe December 18th or so. Pretty sure your shares get redeemed at IPO price of $10 which takes out a lot of the risk, since these things usually just trade around 10 until the merger is announced. Filing menu. Gaming companies have at times been hard sells to public investors, usually due to the hit-or-miss nature of creating games. No announcement on potential merger partners here, but I imagine these guys have something up their sleeves. Spinning Eagle is introducing an innovation that would allow the SPAC to rightsize by spinning off part of itself if all of the capital is not needed for a single transaction. 2020-09-02--$500.00m----NYSE:FEAC. These are the same guys that just took DraftKings public which is why I find it interesting. Flying Eagle Acquisition Corp. [ FEAC] 4. this is the same investment group that lost $4B earlier this year betting against market volatility (ie trying to short VIX), https://www.institutionalinvestor.com/article/b1l9c8n9lgdj1r/AIMCo-s-3-Billion-Volatility-Trading-Blunder. Love me a mystery box. A SPAC usually has 18 months to 24 months to find a merger target. Rofl. Definitely something to watch, but keep in mind this is just a blank check holding company at the moment. Skillz, a mobile games platform commonly used to connect players in tournaments, announced its plans to go public at an expected equity valuation of $3.5 billion.. Although Spinning Eagle … His SPAC Platinum Eagle which changed into Target Hospitality in March 2019 never had any success and is down roughly 90%. Fuck it I'm in. Yea I know they’ve had a bunch of Spacs I think he pst but this one has the most funding so most likely going after a big target, No options available on robin hood NOT INTERESTED. Threw a couple hundred bucks at it. How long before a SPAC merges? Flying Eagle Acquisition Corp. (FEAC) exchanged 3400695 shares on hands in most recent trading session and observed an average volume with 1957.23K shares. If a few of them break out, it should cover the duds. No announcement on potential merger partners here, but I imagine these guys have something up their sleeves. [Flying Eagle Acquisition Corp] What is this SPAC and the company that it is acquiring? Does the stock get delisted? Oaktree Acquisitions Corp. Hims & Hers. Cookies help us deliver our Services. The Queen has a 5.1% stake in this company. The stock is now traded at around $12.74. NYSE:OAC. Cookies help us deliver our Services. Mobile gaming firm Skillz Inc will float its shares on the New York Stock Exchange through a merger with Flying Eagle Acquisition Corp, a blank-check company founded by Hollywood executives Harry Sloan and Jeff Sagansky. With a 600 mil ipo it’s definitely his teams biggest endeavor. FEAC Dashboard Financials Data Institutional News Filings Reddit Shorts 3 Filing. On Sept. 2, mobile gaming company Skillz agreed to a reverse merger with a SPAC called Flying Eagle Acquisition Corp (FEAC). By using our Services or clicking I agree, you agree to our use of cookies. Yeah, this is my strategy too. They announced a deal to acquire a company … The Source: Reddit. $1.60b +3.78%. Unless I’m missing something, they’re relatively low risk with $10 floor... set it and forget it. 10 dollar floor makes these low risk if you get in early enough. Edit: Flying Eagle Acquisition Corp issued a press release on Dec 1st to announce the SEC has declared their Prospectus effective and the meeting date: "Flying Eagle Announces Effectiveness of Registration Statement for Proposed Business Combination with Skillz. That should be encouraging. All of his spacs have had success i there first two years of fully merging onto the market.

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