Disclosure: Own 10000 warrants, this is not financial advice, just my thoughts. It is Mr. Drucker’s and our intention that he observe all requirements of the Non-Competition Agreement, which may limit the companies or businesses that we may target for our initial business combination, make us a less attractive buyer to certain target companies, or limit Mr. Drucker’s role in a post initial business combination company. I like the sound of Artius Acquisition, but I have not been able to find out very much other than a few articles and their business strategy from the prospectus. Does the non-compete agreement only apply to him being involved with a competing company post-merge? But I have to re-mention one most important thing about what you’ve said! Maybe it will take more time for the deal to come but I have patience and at current prices it's a no brainer. Among other things, the Non-Competition Agreement precludes Mr. Drucker from entering into an ownership, consulting or employment arrangement with, or rendering services for, any competing business of FIS or Worldpay, including businesses engaged in merchant processing services, gift, private label, stored value and prepaid card processing, electronic funds transfer services to business customers, payment and ATM network switching services, credit and debit card production, activation, replacement and related management services, certain payments-related reselling services, certain data processing services, and other value added services, promotional messaging and debit portfolio management services relating to the foregoing. Founded in 2008, Origin is the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials; patented breakthrough platform technology for producing recyclable and sustainable materials makes “net zero” possible. On Thursday morning, Artius Acquisition Inc. (AACQU) filed for a $525 million IPO. In what world? "under the Investment Company Act which invest only in direct U.S. government treasury obligations. data & analytics, new B2B solutions, artificial intelligence and machine learning, edge computing, Internet of Things and 5G. There is just too little downside risk at NAV, and the market has caught on. Artius (NASDAQ:AACQ) is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share … In March 2019, Fidelity National Information Services ($FIS) acquired Worldpay in a part cash part equity buyout. Acquisition Criterium consist of, but are not limited to the following: Have a large addressable market with a strong existing or potential customer base; Have a differentiated or unique product and technology offering with multiple avenues for growth and margin expansion; Have strong, experienced management teams, or provide a platform to assemble an effective management team with a track record of driving sustainable growth and profitability; Provide a platform for add-on acquisitions, which we believe will be an opportunity for our sponsor and its members and management team to deliver incremental shareholder value post-acquisition; Have a defensible market position, with demonstrated advantages when compared to their competitors and which create barriers to entry against new competitors; Are at an inflection point, such as requiring additional management expertise, or are able to innovate through new operational techniques, or where we believe we can drive improved financial performance; Have a recurring revenue model and generate high free cash flow; Are fundamentally sound companies that are underperforming their potential; Exhibit unrecognized value or other characteristics, desirable returns on capital, and a need for capital to achieve the company’s growth strategy, that we believe have been mis-valued by the marketplace based on our analysis and due diligence review; Will offer an attractive risk-adjusted return for our shareholders, potential upside from growth in the target business and an improved capital structure that will be weighed against any identified downside risks; and. S1 says fintech, but as with most spacs, they aren't necessarily confined to that, there have been plenty of pivots done in the past. Another weird thing, I expected more beneficial ownership reports filed. He has an extensive history in financials and fintech. Co-Founders and can benefit from their operational expertise and deal sourcing network. Analyzing Artius Acquisition (NASDAQ:AACQ) stock? UC Davis alum John Bissell’s eco-friendly bioplastics firm, which transformed through the Mike and Renee Child Institute for Innovation and Entrepreneurship, will go public in a nearly $1 billion deal with SPAC Artius Acquisition Inc. Why is there AACQ and AACQU? Charles Drucker is a co-founder of this Spac. Just got in. Both co-founders have extensive experience and history in financials/fintech. These units sometimes break a part so common shares and warrants can be traded separately. I actually need to buy more commons while it’s still under $10, Are you worried at all about the opportunity cost of it taking another 21 months? The way spacs have been getting hit lately, not a bad option. I like to have enough exposure before a merger target that still feels effective but not so much that I won't be able to make other trades in the market. AACQ (Artius Acquisition Corp) is a 525 million dollar blank check company targeting the fintech sector. It's trading at 10% above NAV with no target. He led it through it’s IPO in 2012, and its merger with Worldpay, which resulted in the rebranding of the company. It risk reward level is worth it. This firm was founded in 2017, and prior to it, Sim served in many executive roles at Temasek International, an investment firm, owned by the Singaporean government. Origin Materials is Said in Talks to Go Public Via Artius Acquisition Inc. (AACQ) - Bloomberg (Earlier) Article Stock Quotes (1) FREE Breaking News Alerts from StreetInsider.com! Shifted some cash around to reduce my risks a bit and now holding 1,500 commons and 1,000 warrants. It had an Ipo date of July 14th, 2020, which should give them until July 2022 to find a target. In the last seven days, Orbs has traded […] Silversqueeze Silber Shortsqueeze. Non competition agreement could pose an issue. We don’t spam! Trebia Acquisition, the third blank check company formed by financial services veteran Bill Foley, raised $450 million by offering 45 million units, 7.5 million more than anticipated, at $10. Wie real ist dieses Szenario durch die RobinHood und Reddit-Trader wirklich. Sim has a multi-decade career providing strategic advisory and investment services to boards and senior executives of multinational Fortune 500 corporations, governments and institutional investors. It's been trading for about 3 months and according to the prospectus excerpt i included below they still have roughly 21 months to figure things out. Orbs (CURRENCY:ORBS) traded down 2.8% against the U.S. dollar during the twenty-four hour period ending at 14:00 PM E.T. merger with blank-check firm Artius Acquisition Inc, in a deal which values the equity of the combined entity at $1.8 billion.