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With An Eye Towards The Future, Newly Public Abri SPAC Could Be The Next Market-Shaking SPAC Play

U.S. NASDAQ: (ASPAU)

August 12, 2021
Abri SPAC I, Inc. Announces Closing of $50 Million Initial Public Offering

Why Should You Keep Your Eye On Abri SPAC U.S. NASDAQ: (ASPAU)?

  1. According to SPAC Research, SPACs raised more than $83 billion in 2020. Halfway through 2021, SPAC-facilitated IPOs have shattered 2020’s full-year total and raised more than $108 billion.(2)
  2. Several of the hottest and most disruptive stocks in the market today went public via SPAC, such as DraftKings Inc., ChargePoint Holdings, Inc., and Virgin Galactic Holdings, Inc.
  3. Not much is out there yet about Abri SPAC. But the rumblings are growing louder ever since it went public with a $50 Million IPO on Aug 12, 2021.(3) According to Renaissance Capital, Abri could target businesses in FinTech and InsurTech.(4)
  4. Dealogic data shows that as of Jun 16, 2021, there have been 12 SPAC mergers in the U.S. FinTech sector, generating $52.63 billion in deal volume in 2021.(11) This has already crushed 2020’s yearly total with nine transactions totaling $16.90 billion in deal volume.(11) In both 2018 and 2019, there was just one FinTech SPAC-IPO a year, generating $1.15 billion and $553.6 million in deal volume, respectively.(11)
  5. There have been several lucrative InsurTech SPAC mergers such as Kin Insurance for roughly $1 billion,(14) Hippo Holdings for around $5 billion,(16) Oscar for about $1.4 billion,(16) Metromile for roughly $842 million,(17) and Clover Health for nearly $3.7 billion.(18)

The news aims to distract you. But it’s time you open your eyes. Those who stay distracted cannot comprehend that there is a colossal bull market brewing in the world of SPACs. And it’s got generational, early-stage potential.

Have you ever dreamt of being on Shark Tank?

For the first time in history, you, from the comfort of your couch, can act as a venture capitalist and ground floor investor. Gone are the days of stock picking and hoping some big company gives you scraps from dividends.

SPACS, or Special Purpose Acquisition Companies, are revolutionizing the way we invest. They are investment vehicles that raise money through public offerings and then use the proceeds to merge or acquire a hot up-and-coming business. You can also think of them as blank check companies.

There’s a big reason why SPACs exist. They are flexible and less burdensome for private companies to go public. Compare that to the traditional and arduous IPO method using investment banks and painstaking bureaucracy.

SPACs are scorching hot, turning the market upside down, and are seeing ungodly amounts of money pouring into them.

According to SPAC Research, SPACs raised more than $83 billion in 2020. Halfway through 2021, SPAC-facilitated IPOs have shattered 2020’s full-year total and raised more than $108 billion through roughly 350 newly public companies.(2)

The latest SPAC to go public, Abri SPAC U.S. NASDAQ: (ASPAU), could be the next big one to set the market on fire.

Why?

Not much is out there yet on Abri SPAC. But the rumblings are growing louder ever since it went public with a $50 Million IPO on Aug 12, 2021.(3)

The world is waiting for what this SPAC will do first. ​Abri is a blank check company with the aim to form a business combination with one or more businesses. There is no limitation on what industry or geographic region its targets will operate in. However, Abri intends to pursue prospects that provide disruptive technological innovation in a range of traditionally managed industries, potentially emphasizing the financial services industry. The proceeds of the offering will be used to fund such business combinations.

How Big Could Abri SPAC U.S. NASDAQ: (ASPAU) Truly Be?

Consider this. Many SPACs have found eye-popping success by cashing in on some of the fastest-growing industries. Some of the hottest stocks in the market today that focus on disruption and innovation are SPACs, and you probably didn’t even realize it.

  • DraftKings Inc.- DraftKings is revolutionizing sports, entertainment, and media and transforming how we game and wager on sports. In the last 52-weeks, the stock’s advanced as much as 122.3% between $33.46 on Aug 17, 2020, and $74.38 on Mar 22, 2021.(5)
  • ChargePoint Holdings, Inc.- This company’s at the forefront of the EV boom by providing EV charging networks and charging solutions throughout the U.S. Over the last 52-weeks, the stock moved as much as 392.34% between $10.05 on Aug 31, 2020 and $49.48 on Dec 24, 2020.(6)
  • Virgin Galactic Holdings, Inc.- Richard Branson’s much-discussed space exploration and space tourism company Virgin Galactic went public in 2019 through a SPAC merger with Social Capital Hedosophia.(7) In the last 4-months, the company officially entered outer space and moved as much as 303.01% between ​​$14.27 on May 11, 2021 and $57.51 on Jun 28, 2021.(8)

This shows you that hyper-growth companies focused on tech and disruptive industries have a natural aversion towards traditional finance and seem to favor the SPAC-IPO method more than other industries do.(2)

Additionally? Maybe SPACS really do work.

You take this into consideration and now you have Abri SPAC U.S. NASDAQ: (ASPAU).

According to Renaissance Capital, Abri is led by CEO and Chairman Jeffrey Tirman. Tirman currently serves as the CEO of Luxembourg-based KJK Sports and Slovenia-based Elan d.o.o. While talking about targets providing “disruptive technological innovation” is relatively vague with cliches, there is buzz that Abri could target businesses involved with FinTech and InsurTech.(4)

So while we aren’t aware of Abri’s specific targets just yet, you should understand how massive the potential could be. FinTech is expected to reach a global market value of approximately $324 billion by 2026 at a 23.41% CAGR.(9) The global InsurTech market size is projected to reach $11940 Million by 2027, from USD 1462.3 Million in 2020, at a 34.4% CAGR.(10)

But beyond the broader growth potential of these industries, each sector is blazing hot with SPAC activity.

Let’s first talk about FinTech.

According to Will Braeutigam, National SPAC Execution Services Leader at Deloitte, FinTech is attractive for SPACs because “it is playing the role of disruptor, is often capital intensive, and, as such, is seeking out the lowest-cost sources of capital.”(11) Braeutigam added that as the industry matures, companies are looking for paths to exit, as well.(11)

Dealogic data also shows that as of June 16, 2021, there have been 12 SPAC mergers in the US FinTech sector, generating $52.63 billion in deal volume in 2021.(11)

This has already crushed 2020’s yearly total with nine transactions totaling $16.90 billion in deal volume.(11)

Oh, and in both 2018 and 2019? There was just one FinTech SPAC transaction each year, generating $1.15 billion and $553.6 million in deal volume, respectively.(11)

Most recently, in July, Global FinTech Circle announced plans to file for a public listing on the NYSE with SPAC Concord Acquisition Corp at a valuation of an estimated $4.5 billion.(12)

But, while the potential for SPACs and FinTech looks lucrative, don’t ignore the endless possibilities for SPACS and InsurTech.

InsurTech isn’t always as sexy as FinTech. Yet, it’s a niche focus with serious growth potential, and people are clamoring for it.

“I’m amazed that there are not 20 insurtech companies going after homeowners insurance just given the size of the market, that there aren’t 40 going after auto insurance,” said Kin Insurance CEO Sean Harper.(13)

Judging by recent activity, SPACs are starting to realize this.

For one, Harper’s company, Kin Insurance, is targeting a Q4 public debut after announcing a SPAC deal with “Shark Tank” investor Matt Higgins’ SPAC Omnichannel Acquisition Corp.(13). Reportedly, it will be at a $1 billion valuation.(14)

But this is only the latest SPAC foray into InsurTech. On Aug 2, 2021, Hippo Holdings went public through a merger with SPAC Reinvent Technology Partners Z.(15). Reportedly, the deal was valued at around $5 billion.(16)

Or how about some other hot stocks operating through various spheres of the InsurTech space? Oscar went public in a $1.4 billion SPAC merger, (Source 16) and digital auto insurer Metromile went public in a SPAC merger for roughly $842 million.(17)

Not to mention, Clover Health officially went public via SPAC in early-2021 in a $3.7 billion deal that netted it “up to $1.2 billion of gross proceeds.”(18)

Here’s The Bottom Line

The world is waiting, and the secret is out.

As we anxiously anticipate Abri SPAC’s first acquisitions, do you now understand the type of ground floor potential and generational upside we could see?

It’s time you start thinking like a VC. It’s time you start thinking like a shark.

Why Should You Keep Your Eye On Abri SPAC U.S. NASDAQ: (ASPAU)?

  1. According to SPAC Research, SPACs raised more than $83 billion in 2020. Halfway through 2021, SPAC-facilitated IPOs have shattered 2020’s full-year total and raised more than $108 billion.(2)
  2. Several of the hottest and most disruptive stocks in the market today went public via SPAC, such as DraftKings Inc., ChargePoint Holdings, Inc., and Virgin Galactic Holdings, Inc.
  3. Not much is out there yet about Abri SPAC. But the rumblings are growing louder ever since it went public with a $50 Million IPO on Aug 12, 2021.(3) According to Renaissance Capital, Abri could target businesses in FinTech and InsurTech.(4)
  4. Dealogic data shows that as of Jun 16, 2021, there have been 12 SPAC mergers in the U.S. FinTech sector, generating $52.63 billion in deal volume in 2021.(11) This has already crushed 2020’s yearly total with nine transactions totaling $16.90 billion in deal volume.(11) In both 2018 and 2019, there was just one FinTech SPAC-IPO a year, generating $1.15 billion and $553.6 million in deal volume, respectively.(11)
  5. There have been several lucrative InsurTech SPAC mergers such as Kin Insurance for roughly $1 billion,(14) Hippo Holdings for around $5 billion,(16) Oscar for about $1.4 billion,(16) Metromile for roughly $842 million,(17) and Clover Health for nearly $3.7 billion.(18)


Source 1: https://moneyfortherestofus.com/318-what-is-a-spac/
Source 2: https://www.yahoo.com/now/10-best-spacs-invest-according-200020400.html
Source 3:  https://finance.yahoo.com/news/abri-spac-inc-announces-closing-213000568.html
Source 4: https://www.renaissancecapital.com/IPO-Center/News/85116/FinTech-and-InsurTech-focused-SPAC-Abri-SPAC-I-prices-$50-million-IPO
Source 5: https://finance.yahoo.com/quote/DKNG/history?p=DKNG
Source 6: https://finance.yahoo.com/quote/CHPT/profile?p=CHPT
Source 7: https://labusinessjournal.com/news/2021/jun/21/virgin-orbit-considering-3-billion-spac-merger/#:~:text=Virgin%20Orbit%20founder%20and%20Chairman,small%2C%20low%20Earth%20orbit%20satellites.
Source 8: https://finance.yahoo.com/quote/SPCE/history?p=SPCE
Source 9: https://www.marketdataforecast.com/market-reports/fintech-market
Source 10: https://www.prnewswire.com/news-releases/insurtech-market-size-to-reach-usd-11940-million-by-2027-at-cagr-34-4—valuates-reports-301320138.html#:~:text=The%20global%20Insurtech%20market%20size,the%20growth%20of%20Insurtech%20are%3A&text=Insurtech%20aids%20in%20the%20simplification%20of%20the%20insurance%20purchasing%20and%20claims%20processes.
Source 11: https://www.mergermarket.com/info/spotlight-spacs-fintech-focus
Source 12: https://www.pymnts.com/news/ipo/2021/global-fintech-circle-going-public-with-spac-at-4-5b-valuation/
Source 13: ​​https://seekingalpha.com/news/3730551-home-insurance-co-kin-targets-q4-public-debut-after-spac-deal-with-omnichannel-acquisition
Source 14: https://www.pymnts.com/news/ipo/2021/insurtech-kin-going-public-at-1b-value-via-spac-merger/
Source 15: https://seekingalpha.com/news/3722961-reinvent-technology-partners-z-to-go-public-via-combination-with-hippo
Source 16: https://www.pymnts.com/news/ipo/2021/insurtech-firms-take-spac-path-to-wall-street/
Source 17: https://www.pymnts.com/news/ipo/2020/metromile-to-go-public-through-merger/
Source 18: https://www.pymnts.com/healthcare/2020/clover-health-files

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