Snpr – Tortoise Acquisition 2 (SNPR SPAC) | Wolves Of Investing


Jan 20, 2021 · SNPR Complete Tortoise Acquisition Corp. II Cl A stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.

Advertisements I decided to make an investment in the units. Its target business is obviously green energy. The business combination deadline is 24 months. At this time, the units, common, and warrants will all trade. This means that if you want to separate the units into the common and the warrants, you will need to get in touch with your broker to see how that process will work.

Depending on which brokerage you use, this process might vary a bit. Advertisements Your broker may also charge a fee — if they do, this could be a downside when you split the units assuming you do want to split them.

There are two warrant redemption clauses. Why have I invested? The first one is that Tortoise One is doing extremely well. Clearly, this merger with Hyliion is going incredibly well. Sometimes it takes a while for SPACs to decide on a merger. However, I think that Tortoise Acquisition Corp 2 already has a target in mind.

I presume that from these evaluations, they have a shortlist of companies. Due to their success with Hyliion, I think a merger with Tortoise 2 would be very enticing to any prospective companies.

Advertisements Many people think that these mergers take a while, sometimes a year or longer. Two months later, they announced a merger with QuantumScape, which is backed by none other than Bill Gates.

Therefore, I predict that Tortoise Acquisition 2 should announce a merger in less than six months. My third reason is for the market mania in green energy. Just look at how well the other companies focusing on green energy are doing to see what I mean. Pros and Cons of Purchasing Before the Split As you can see, I purchased before the separate trading of warrants and common stock.

There are a few pros and cons to this, and I evaluated them carefully before deciding. In this type of trade, I would much rather purchase the warrants — even though they can be riskier. However, I made my decision for a few critical reasons. Advertisements The first one is that once the units, commons, and the warrants trade separately, I believe that the warrants will spike in price. Because of the huge success of the Hyliion merger, investors are going to catch on to it.

This means that once the warrants become available on their own, there could be a flood of money coming in, which will pump up their price. So, by purchasing before the split happens, I might be getting in cheaper.

There is one con that stands out: the short-term profit potential of the units is much smaller than the warrants. However, when weighing them both up, it was evident that purchasing before the split was the way to go. My game plan So, right now, I own units. The warrants should become available 52 days after the IPO date, in early November. Once it does happen, I will re-evaluate the situation depending on the merger and how Hyliion is doing. These are my opinions and provided “as-is”.

It is not an offer to buy or sell securities. Read the Terms and Conditions. Leave me a comment below. Thanks for stopping by.

SNPR Stock Forecast, Price & News (Tortoise Acquisition …

Shares of SNPR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is …

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Stock Market Insights Seeking Alpha

A high-level overview of Tortoise Acquisition Corp. II (SNPR) stock. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools.

Tortoise Acquisition 2 (SNPR SPAC) Wolves Of Investing

Sep 29, 2020 · If you have been keeping up with investment news, you may have heard that Hyliion – an electric truck and powertrain company – is in the process of merging with Tortoise Acquisition Corp – a SPAC. The latest news is that the same management team just IPO’d a second SPAC, Tortoise Acquisition Corp II (NYSE: SNPR.U).

Tortoise Acquisition Corp. II (SNPR-UN) Stock Price, News …

Find the latest Tortoise Acquisition Corp. II (SNPR-UN) stock quote, history, news and other vital information to help you with your stock trading and investing.


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Tortoise Acquisition Corp. II (SNPR) Stock Price, News …

Find the latest Tortoise Acquisition Corp. II (SNPR) stock quote, history, news and other vital information to help you with your stock trading and investing.

SNPR Stock – Tortoise Acquisition Corp. Ii SEC Filings


35 rows · Ticker: SNPR documents—0.0011332035064697 Tortoise Acquisition Corp. II is registered …

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