1st Quarter 2022 Wrap Up: Special Purpose Acquisition Companies (SPACs): Investment Craze or Deep State Laundry? – PDF Now Available!
The digital magazine PDF of the 1st Quarter 2022 Wrap Up: Special Purpose Acquisition Companies (SPACs): Investment Craze or Deep State Laundry? is now available to Solari Report subscribers!
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Special Purpose Acquisition Companies (SPACs): Investment Craze or Deep State Laundry?
By Carolyn A. Betts, Esq. and Catherine Austin Fitts “When everyone thinks central bankers, money managers, corporate managers, politicians or any other group are the smartest guys in the room, you are in a bubble.”~ Doug Kass “The object of life is not to be on the side of the majority, but to escape finding…
Introduction
“The law? The law? I don’t have to obey the law. I report to a higher moral authority.” ~ Jack Kemp as Secretary of Housing & Urban Development (HUD) in 1990 explaining why it was not necessary for HUD to obey U.S. law By Catherine Austin Fitts After 21 years of watching $21+ trillion go…
SPAC Total
1st Quarter 2022 Wrap Up:Special Purpose Acquisition Companies (SPACs):Investment Craze or Deep State Laundry? By Carolyn A. Betts, Esq. and Catherine Austin Fitts “There are no markets anymore, just interventions.”~ Chris Powell I. INTRODUCTION (JQ: Intro from Carolyn’s 20220706.odt) Financial fraud became a very big business in America during the 1980s. It started with real…
1st Quarter 2022 Wrap Up: Special Purpose Acquisition Companies (SPACs): Investment Craze or Deep State Laundry? with Carolyn Betts, Esq.
“Life is infinitely stranger than anything which the mind of man could invent. We would not dare to conceive the things which are really mere commonplaces of existence. If we could fly out of…
SPAC Trustees
According to the Continental Stock Transfer and Trust web page: “As the industry-leading SPAC administrator since 2003, Continental has handled over 95% of the SPACs brought to market over the past 19 years. Likewise, we have handled 60% of the U. S. IPOs over the past three years. This is a testament to our proprietary…
Who’s Who in SPACs?
Auditors Law Firms Financial Advisors Trustees Underwriters PIPE Investors
Bibliography and Links
SPAC Track materials: www.spactrack.ioSPAC Insider materials: www.spacinsider.comSPAC Analytics materials: www.spacanalytics.comMorningstar: www.morningstar.com SEC and Regulatory Authority Rules, Releases and Statements SEC Safe Harbor Rule for Forward-looking Statements: 15 U.S. Code § 78u–5 “Application of safe harbor for forward-looking statements” https://www.law.cornell.edu/uscode/text/15/78u-5 Corporation Finance Disclosure Guidance: Topic No. 11: Special Purpose Acquisition Companies (December 22, 2020) https://www.sec.gov/corpfin/disclosure-special-purpose-acquisition-companies “Investing…
Proposed SEC Regulations
On March 30, 2022, the US Securities and Exchange Commission proposed new regulations governing SPACs with a 30-day comment period. Final regulations are not expected until at least the fourth quarter, 2022. Additional disclosure by both blank check company and target on sponsor compensation, conflicts of interest, and the potential for dilution of share value…
New York Fed
The New York Fed is a private bank owned by its members which serves as the depository for the U.S. government and as agent managing the Exchange Stabilization Fund. For exhaustive detail on money missing from U.S. government accounts for which the New York Fed and its members serve as bank depository and provide numerous…
Going Direct Reset
Adding the Fed balance sheet… Going Direct Reset Timeline: 2016 2016 (November) The World Economic forum publishes a tweet with a video to the effect of “It’s 2030, you have no assets and you are happy” The video went viral in November 2020. 2018 2018 (October 4) Several months after beginning the promised FY 2018…
SPAC Pros and Cons
SPAC IPOTraditional IPOStructure:Allows for varied return and risk profiles and timelines for investing; SPAC can offer risk-free return with upside.Not true of traditional IPOFlexibility:Initial plan…
SPAC Process
Illustration source: “Domestic SPAC mergers – financial reporting and accounting considerations – SPAC overview and lifecycle,” PWCViewpoint, (updated Mar…
What is a SPAC?
A “SPAC” is special purpose acquisition company, the term used for a specially-structured type of US initial public offering (IPO) of securities in which a sponsoring group sells shares of a shell or “blank check” company (i.e., a newly-formed company with no business plan or operations) to the public with the stated purpose of entering…
SPAC Charts Supporting Data
SPAC Data Totals: Source: SPAC Analytics Withdrawn SPAC Totals: Source: SPAC Insider Return to SPAC Charts
SPAC Charts
Total SPAC Proceeds by Year: Total SPAC IPOs by Year: Source: SPAC Analytics Supporting Data: Click here.
SPACs
Theme presentation to come.
SPAC Table
SPACs issued in US, March 2016 to May 2022 (Scroll down for horizontal scroll bar at bottom) Sources: Morningstar Spactrak.io SPAC Insider SPAC Analytics Use Scroll Bar to see all of the columns. Preliminary – Subject to Change: Data is from multiple sources and has not been conformed.
DeSPACs
DeSPAC Target Industries, as of May 2022 Selected DeSPAC Data For SPACs issued in US, March 2016 to May 2022 (Scroll down for scroll horizontal bar at bottom) Percent of SPAC Shares Redeemed DeSPACs Sources: Morningstar Spactrak.io SPAC Insider SPAC Analytics Scroll right to go through each page. Preliminary – Subject to Change: Data is…
Top PIPE Investors
Private Investment in Public Equity (PIPE) Investors Disclosed from January 2021 to Date Preliminary & Subject to Change – PIPE investor data is not conformed to other sources. It is available only on an aggregate basis for each PIPE, so it is impossible to determine how much of the PIPE for a given SPAC is…
SPAC Auditors
Top Auditors for SPACs issued in US, 2019 to Date (Scroll down to tab through pages) FY 2022 YTD: FY 2021: FY 2020: FY 2019: Source: SPAC Insider
SPAC Financial Advisors
SPACs issued in US, 2020 to Date (Scroll down to tab through pages) FY 2022 April : FY 2021: FY 2020: Source: SPAC Insider
1st Quarter 2022 Wrap Up: Equity Overview & Rambus Chartology
“Given Western sanctions and the situation in Ukraine and Russia—two major exporters of commodities—people aren’t quite sure how any gap in their oil, wheat, or nickel exports could be…
1st Quarter 2022 Wrap Up: News Trends & Stories, Part II with Dr. Joseph P. Farrell
“The most important thing is not only that you understand the war, but that we win the war.”~ Catherine Austin Fitts
By Catherine Austin Fitts
This coming week, we continue the publicat…
1st Quarter 2022 Wrap Up: News Trends & Stories, Part I with Dr. Joseph P. Farrell
“Just create friction. Friction, friction, friction.”~ CJ Hopkins
By Catherine Austin Fitts
This coming week, we begin the publication of our 1st Quarter 2022 Wrap Up with News Trends &…
Donations 2022 (1st Quarter – Year to Date)
“I think people forget that it doesn’t take a big donation to help someone, just a lot of little donations.” ~ Hannah Teter We believe in doing what we can to support those around us who make a difference in this world or can do with a helping hand. We are here today because others…
Table of Contents
I. Home Table of Contents Introduction Donations Year To Date II. Special Purpose Acquisition Companies (SPACs) SPACs What is a SPAC? SPAC Charts SPAC Table DeSPACs Who’s Who in SPACs? III. Food for the Soul Painting Together IV. News Trends & Stories Part I: Trends We Track Part II: Trends We Track Part I: Liberty…
Introduction to Pistis Sophia
“And Jesus answered Mary, saying ‘Ask what you wish, and I will reveal it to you openly and without analogy…” ~ Pistis Sophia
By Catherine Austin Fitts
In July, I visited with Ulrike Granög…