$SNPR merging with Volta Ind. Raising $600M to buildout charging network. Stellar PIPE backers BlackRock, Fidelity, Neuberger Berman. Pro forma enterprise value $1.4B at $10. Deal to close late Q2. Valuation thoughts coming soon. #spacs #spacsquad

https://finance.yahoo.com/news/volta-industries-inc-tortoise-acquisition-115600815.html

$SNPR did a quick valuation comparison vs. $CLII $SBE $TPGY. Based off of 2024E or 2025E rev multiples looks like $SNPR could settle in the $35 area. #spacs #spacsquad @jimcramer

$SNPR modeling 10% higher gross margins than competitors from driving digital advertising and e-commerce at its station displays. #spacs #spacsquad @jimcramer

$SNPR focusing on advertising supported, retailer adoption to drive charge station penetration. Imagine if you can charge your EV at Whole Foods, CVS or McDonalds. It's a big win for the retailer because they drive higher foot traffic and pay no $ for installation / maint.

$SNPR The traditional standalone gas station model may be obsolete. Gas station owners make 1.5-3c a gallon, whereas most of their profit comes from driving food and alcohol sales. Retailers would love to take those consumer $ and could do that in partnership with Volta.

$SNPR If Volta chargers exist at retailers, offices, etc, it's unclear if we would really need standalone gas stations anymore with the exception of off highway for convenience. Gas stations could be repurposed into other types of retail offerings.

$SNPR Gas stations have been reimagining themselves to drive more foot traffic, which is why you've seen companies like @MAPCO design stations that are larger, very welcoming and well stocked with plenty of food and alcohol options.

$SNPR Looking 10-20 yrs into the future, I bet @amazon @Walmart @Target all roll out midsize convenience markets with @VoltaCharging to displace oil companies and their gas station operators. EVs will def reshape the retail landscape! #spacs #spacsquad

$SNPR Some retailers will be better positioned. @sonicdrivein would be an amazing @VoltaCharging partner given their lay out. @McDonalds @BurgerKing and others will need to rethink their models to take advantage of the charging opportunity for EVs. #spacs #spacsquad

Hey but @ChargePointnet has such a commanding lead in terms of installed base, how can $SNPR compete?! History has demonstrated, first mover advantage is not the only determinant of eventual market winner. BUSINESS MODEL is the most important factor.

$SNPR When I worked in the Silicon Valley, people laughed at Google's ad-supported search. There's NO WAY they'll supplant dominant Yahoo! Well we all know how that worked out. The second mover benefits from seeing what works and doesn't.

@VoltaCharging seems to have found a differentiated approach that makes it stand out from the charging industry crowd. Ad-supported growth is a demonstrated and PROVEN business model.

$SNPR Facebook, Google, Instagram, Tiktok and many others have built their businesses on providing their services in exchange for user data and advertising. @VoltaCharging’s approach could be game changing and help accelerate EV adoption.

$SNPR has already been granted a number of patents with many more in the pipeline. Check them out here. https://uspto.report/company/Volta-Charging-L-L-C/patents