Topps going public via SPAC

[Bored5000]

CNBC has been talking about it pretty extensively this morning. The warrants have doubled in price since yesterday, but are still trading at under $2 pre-market. It will be interesting to see where the stock and the warrants open.

[obiwan1129]

Just saw this...wow.

Another article... https://finance.yahoo.com/news/forme...120004064.html

smh on the NFT mention.

[skelly423]

This will require them to open the books up to the world at large. If nothing else, it will be interesting to have some clarity on how many cards are printed in a given year.

[Bored5000]

I had a warrant order filled at $1.76 per at open. We.ll see what happens.

[steve B]

I thought Topps was already public? They sold stock back in the early 80's.

[sportscardpete]

Originally Posted by steve B

I thought Topps was already public? They sold stock back in the early 80's.

Think they were bought out in 2007. Then that shareholder wanted to cash out and they brought the company back to the public markets again

[Frankish]

Probably a smart move for the company (or at least its shareholders). The valuations are generally quite generous. Seems to be the case here, as well.

I'm a big fan of SPACs when sponsored/organized well. I've never heard of Mudrick Capital, but that doesn't mean much, as I'm not in the industry anymore. The traditional IPO market has/had become such a racket, and not particularly useful for non-tech companies.

Anyway, I'm not a buyer at this valuation, mostly just because I don't know the industry well and can't judge. But I wish them luck!