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Concord Acquisition Corp (CND)
NYSE - NYSE Delayed Price. Currency in USD
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35 reactions on $CND conversation
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Oh no an SEC subpoena, quick sell me your warrants at $1.70
Some solid Tether FUD out of China leads to some strength for USDC
Cypherpunk Holdins HODL holds btc, eth, crypto companies
With Regulations coming, This should be in demand for the forensics part of BIGG's business model.
On another note, because I don't know where else to ask, With USDC being provided By Circle and Circle is going public Via $CND SPAC, doesn't some investment in CND make sense? I'm new to SPAC's, if I own the SPAC and the merger happens, do I then own Circle Stock?
Correction to earlier post* CND gets 4.9% of a 4.5B business (gives a value of 220.5M for SPAC holder's shares) + or - all the warrants and other combinations shenanigans, dilution etc... While that valuation does include almost 1B of cash on their balance sheet and they've issued an implied market cap of 5.4B, it's still a 47x Enterprise value to 2021 Revenue expectations. Most of the rapid growth is projected for next year as that metric goes to 12x in 2022 and 5.8x in 2023. Buying today means 2022 better deliver or this is going to feel like buying Uber or Coinbase at IPO.
Despite my own evaluation warrant bag has been established under 1.75
Circle will easily beat this year’s estimates on USDC circulation. Adding about 3-4 billion USDC a month. On track for 40+ billion USDC EOY. Easily.
ARK funds has added some shares of CND lately.
why warrants are moving faster then stock price?
So, at a 4.5B value on Circle, CND gets 14% of the company less the 415M from the pipe. I don't know why I should be paying 367M for 215M worth of the business... and more oddly I don't understand why this hasn't sold off near as much as the rest of the crypto associated investments. The market must be pricing something in I'm not seeing here... or lagging and reserving its judgement.
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Concord is up 5.18% to 10.97
Did some sleuthing and I think I know who their target is...
HINT: Leibowitz is key.
Important for the crypto space. USDC is the 8th biggest coin by market cap. With tether FUD, more people is using USDC. However I like Terra’s UST and Maker’s DAI the best because they’re decentralized unlike the other stable coins.I like Terras because of Terra Luna’s blockchain is instant and minimal fees.(less than a penny)
what happens when the merge happens? do we then have Circle stock?? new at this SPAC stuff
Churchill Capital Corp IV
$CCIV This wouldn’t be an easy ride, but its gonna be worth it $XL $CND
Lol. below NAV. you are technically making money buying this below $10
$VENA $CND VIYI’s revenues consist of providing central processing algorithm solutions, including internet advertising solutions and internet games services, and intelligent chips and services revenues.
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