If you're looking for a under-the-radar, large, pre-LOI #SPAC target with top-notch management trading next to NAV ($11; trading low on common around $11.30; hovers $11.75), I highly recommend checking out $AJAX commons and warrants.

https://ajaxcap.com/ 

(1/8)

They have ~$1B in current assets under management, looking to acquire a "scaled, high-quality asset in the internet, software, financial technology or consumer sectors".

Their mgmt. is fantastic, with great exp. in founding, running, and investing in leading businesses.

(2/8)

Management includes:
+ @annewoj23 (Co-Founder/CEO, @23andMe)
+ @kevin (Co-founder/Fmr CEO, @instagram $FB)
+Jim McKelvey Jr. (Co-founder, @Square $SQ)
+Steve Ells (Founder/Fmr Exec Chairman & CEO, @ChipotleTweets $CMG)
+Dan Och (Fmr CEO, Och-Ziff Capital Management Group)

(3/8)

Mgmt (cont):
+Glenn Fuhrman (Co-founder, MSD Capital)

Underwriters include:
@GoldmanSachs $GS
@jpmorgan $JPM
@citi $C

(4/8)

Acquisition criteria includes:
+Scaled, MULTI-BILLION dollar asset w/ leading market position & technical differentiation
+Deep, competitive moat w/ significant barriers to entry and LT sector tailwinds
+Sustainable growth w/ large TAM & strong unit economics

(5/8)

Acquisition criteria (cont):
+Superior leadership team & vision who are seasoned, ambitious, and forward thinking with strong record of success.
+Minimal cyclical risk and one that can weather shifts in macro environment
+Shareholder alignment and strong value-creation

(6/8)

In researching their private investments over and above the juggernauts they've founded and ran, I have linked the following private companies that seem relevant to a potential acquisition target:

@stripe
@coinbase
@RobinhoodApp
@Instacart
@github

(7/8)

Follow along and share with your respective investing communities! I will be doing a much deeper research into them and share what I find along the way.

Full disclosure, I started a position in $AJAX on 1/12 and will be adding on any dips, both warrants and commons.

Cheers

@stocktalkweekly did a little bit of research on $AJAX here in case you want a starter. Forgot to add co-founder of $SQ, @2000F also on advisory board.