AACQ could double by end of 2021SPAC Artius Acquisition is acquiring and merging with in a deal of worth S$1.8b. $863MM in cash will come from the SPAC. w
The deal is set to complete be end of Q2 2021, i.e. in the next 7 weeks.
Origin Materials is a disruptive materials/chemical company that uses wood residue (timber feedstocks) to create carbon negative materials cost effective with oil-based products. Funds are to scale production.
Origin's materials are used for clothing, textiles, plastics, packaging, car parts etc. Origin's decarbonizing technology addresses a ~$1T market opportunity, already with ~$1 billion in product reservations.
A Biden White House will likely continue to print money, especially for grants and awards to companies like this which further their goal of a carbon neutral country.
At $10 per share, all you are doing is buying the cash on the books. So there is almost no risk right now. A share price below $10 post acquisition would signal that the market does not approve of the purchase and believes they overpaid.
I would work a stop at $9.00.
