In this article, we discuss the 5 best cheap SPACs to buy according to Reddit. If you want to read our detailed analysis of these SPACs, go directly to the 10 Best Cheap SPACs to Buy According to Reddit.
5. ACE Convergence Acquisition Corp. (NASDAQ: ACEV)
ACE Convergence Acquisition Corp. (NASDAQ: ACEV) is a special purpose acquisition company that operates from Delaware. It is ranked fifth on our list of 10 best cheap SPACs to buy according to Reddit. The company went public in July 2020 and managed to raise more than $230 million from the offering. It targets mergers with firms working in the emerging technology sectors. The CEO of the firm is Behrooz Abdi.
ACE Convergence Acquisition Corp. (NASDAQ: ACEV) is reportedly in talks for a merger with Achronix Semiconductor, the California-based semiconductor firm that has offices in India and China as well. The semiconductor company is valued at close to $2 billion and is expected to debut on the stock market late this year or early next year.
4. Broadstone Acquisition Corp. (NYSE: BSN)
Broadstone Acquisition Corp. (NYSE: BSN) is a special purpose acquisition company that is headquartered in London. It is ranked fourth on our list of 10 best cheap SPACs to buy according to Reddit. The firm went public in September 2020, raising close to $305 million from the initial offering. It now has a market capitalization of $376 million. It targets mergers with firms mostly based in Europe in general and the United Kingdom in particular. The CEO of the company is Marc Nicholas Jonas.
Broadstone Acquisition Corp. (NYSE: BSN) has signed a definitive agreement for a merger with Vertical Aerospace, a United Kingdom-based firm that is developing environmentally-friendly aircraft that run on electric power. The company is valued at close to $2.2 billion and is expected to debut on the stock market soon.
3. Consonance-HFW Acquisition Corp. (NYSE: CHFW)
Consonance-HFW Acquisition Corp. (NYSE: CHFW) is a special purpose acquisition company based in New Jersey. It is placed third on our list of 10 best cheap SPACs to buy according to Reddit. The target focus of the firm is the life sciences sector in general. It raised more than $92 million from IPO-related proceeds in November 2020. The CEO of the firm is Gad Soffer.
Consonance-HFW Acquisition Corp. (NYSE: CHFW) has signed a definitive agreement for a merger with Surrozen, the San Francisco-based biotechnology firm valued at close to $500 million that is going to debut on the stock market soon. The company is expected to begin trading on the NASDAQ exchange under the ticker SRZN. The SPAC presently has a market capitalization of close to $118 million.
2. D8 Holdings Corp. (NYSE: DEH)
D8 Holdings Corp. (NYSE: DEH) is a special purpose acquisition company headquartered in Hong Kong. It is placed second on our list of 10 best cheap SPACs to buy according to Reddit. The company concentrates on initial public offerings related to the consumer products sector. It went public in July 2020 and raised more than $345 million from the offering. The CEO of the company is Ching Chi Chu.
D8 Holdings Corp. (NYSE: DEH) has signed a definitive agreement for a merger with Vicarious Surgical, the Waltham-based company most famous for marketing virtual-reality-based robotic surgeries. The startup, backed by Microsoft owner Bill Gates, is valued at over $1.1 billion. After the IPO, the firm will start trading on the New York Stock Exchange under the RBOT ticker.
that provides fitness services and is valued at over $7 billion. Equinox is planning an initial public offering soon. Some of the famous brands owned by Equinox Holdings include SoulCycle and Blink Fitness. Chamath Palihapitiya has previously done successful IPOs with five SPACs.
1. 890 5th Avenue Partners, Inc. (NASDAQ: ENFA)
890 5th Avenue Partners, Inc. (NASDAQ: ENFA) is a special purpose acquisition company that operates from New York. It is ranked first on our list of 10 best cheap SPACs to buy according to Reddit. The primary focus of the firm is the technology, media, and telecom sectors. The company went public in January 2021 and managed to raise more than $287 million from the offering. The CEO of the company is Adam Rothstein.
890 5th Avenue Partners, Inc. (NASDAQ: ENFA) has signed a definitive agreement for a merger with BuzzFeed, the New York-based internet media company that is valued at over $1.5 billion and is going public soon. BuzzFeed is expected to begin trading under the ticker BZFD later this year. 890 5th Avenue Partners has a market capitalization of over $355 million.
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