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Spartan Energy Acquisition Corp. (SPAQ) Fisker Inc.


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Hi all,

This is so called SPAC company, which will bring Fisker to the market with the reverse merger. We have missed Tesla, but this one looks really good, and it work with existing MEB platform from Volkswagen. Will change the ticker upon completion of the merger, sometime in September. 

I am attaching the presentation,

price $15.45

 

 

Spartan.Fisker Investor Presentation.pdf

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Henrik Fisker has a bad history with EVs. His "Fisker Carma" was a total disaster. "Famous for Catching Fire: Fisker Karma"  https://carbuzz.com/news/famous-for-catching-fire-fisker-karma However, I a

VW and Tesla not seeking the deal https://finance.yahoo.com/news/vw-not-seeking-deal-tesla-170530412.html  

Not Germany, what possible partners in Europe , if not VW??

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CEO interview on Fox today

https://video.foxbusiness.com/v/6171620528001/#sp=show-clips

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Apparent transaction completion in September. The base price was $10, stock trades at $14.63. Presentation holds some key pieces of info. 

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Yahoo interview

https://finance.yahoo.com/video/electric-carmaker-fisker-public-2-202901401.html

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Finding out investor presentation August, merger completion October, Cornerstone agreement with VW is coming. 

A lot of haters, doubters everywhere. Interesting. 

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6 hours ago, dydo said:

Finding out investor presentation August, merger completion October, Cornerstone agreement with VW is coming. 

A lot of haters, doubters everywhere. Interesting. 

Henrik Fisker has a bad history with EVs. His "Fisker Carma" was a total disaster. "Famous for Catching Fire: Fisker Karma"  https://carbuzz.com/news/famous-for-catching-fire-fisker-karma However, I am not a hater. It is just matters to me how he is perceived by young retail investors (read RobinHoods 🙂) and WS in general. But I wish him Good luck!

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7 hours ago, MVA said:

Henrik Fisker has a bad history with EVs. His "Fisker Carma" was a total disaster. "Famous for Catching Fire: Fisker Karma"  https://carbuzz.com/news/famous-for-catching-fire-fisker-karma However, I am not a hater. It is just matters to me how he is perceived by young retail investors (read RobinHoods 🙂) and WS in general. But I wish him Good luck!

People's histories are written with failures. CSIQ CEO built his business around VW solar parts in th 90s and almost lost everything. I know it is hard to believe that stocks do not go up every day and people fail, but it is possible people learn from their failures. 

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Please join us for the the discussion of the EV market and the Spartan buying Fisker.

The forum is moderated, to a degree, but it is open to anyone, free of charge. Please join us for the discussion.

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16 hours ago, dydo said:

People's histories are written with failures. CSIQ CEO built his business around VW solar parts in th 90s and almost lost everything. I know it is hard to believe that stocks do not go up every day and people fail, but it is possible people learn from their failures. 

September 22/2020 is an important day for entire EV sector. On September 22 Tesla is going to reveal its 1 mln mile battery or so they promise. It will become clear how far Tesla is ahead vs competition, how many and what RareEarth elements their new battery includes, and if it makes sense at all to invest in Workhorse, Solo, Nikola, Fisker and others. Because battery is the golden egg in this game.

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When I started this website there was a person for a every company who could not see anything else make it in the world. One thing is to invest in one company, but to see world where there is only one company?

All or nothing are selfish scenarios which never made in reality. A company going from 1 to 2 is also a double. I feel I need to defend some thumb argument conditions. So I will not.  

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  • 2 weeks later...

Leadership and Board teams in place and preparing for completion of merger with Apollo affiliated Spartan Energy Acquisition Corporation (NYSE: SPAQ) later this year

- Strong track record of Environmental, Social and Governance (ESG) leadership across Board of Directors appointees

- Mark Hickson appointed to Board by Spartan

LOS ANGELES, July 28, 2020 /PRNewswire/ -- Fisker Inc. ("Fisker"), a developer of the world's most emotionally desirable, eco-friendly electric vehicles, is today announcing the composition of its Board of Directors, which has been designed anticipating the completion of its merger with Spartan Energy Acquisition Corporation (NYSE: SPAQ) ("Spartan"), a special purpose acquisition company sponsored by an affiliate of Apollo Global Management, Inc. (NYSE: APO) ("Apollo"). The Board will be comprised of seven members, including two executives from Fisker, four external directors and a Spartan appointee.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable electric vehicles complemented with the longest EV range and shortest charging times on earth. The brainchild of EV pioneer and world-leading automotive designer, Henrik Fisker, Fisker Inc.’s mission is to set a new standard of excellence and performance in the electric vehicle industry and mobility services. To learn more, visit www.FiskerInc.com. (PRNewsfoto/Fisker Inc.)

More

Fisker Inc. Board of Directors:

Henrik Fisker, Founder, Chairman and CEO of Fisker

Dr. Geeta Gupta-Fisker, Co-founder and CFO of Fisker

Wendy Greuel, former Controller and Councilmember for the City of Los Angeles

Mark Hickson, Executive Vice President Corporate Development, Strategy, Quality and Integration for NextEra Energy, Inc.

Rod Randall, Co-founder of Vesbridge Partners, Executive Partner of Siris Capital, Board Director of Stratus Technologies and Mavenir, Chairman of the Board of Maglev Aero

Henry Ward, Founder and CEO of Carta

Nadine Watt, CEO of Watt Companies and Chair of the Los Angeles Business Council

In addition, Hinrich Woebcken has been retained by Apollo to provide certain strategic and operational advisory services to Fisker. The merger between Fisker and Spartan is anticipated to be completed later this year, and will result in shares of Fisker's Class A Common Stock trading on the New York Stock Exchange as a publicly listed company.

Commenting on the formation of the Board, Henrik Fisker, Chairman and Chief Executive Officer of Fisker said: "As we further evolve our company and execute on our plans to deliver our first vehicle, the most important element is the team who will deliver on our vision. I look forward to working with our Board of Directors that shares our focus on and commitment to ESG leadership as the bedrock for the company."

Mark Hickson added: "Joining Fisker's Board at this exciting time is a great privilege and I look forward to helping Henrik and his team realize the full potential of the company."

Following over 15 years in senior positions across the automotive industry, including at BMW and Volkswagen, incoming special advisor to Fisker, Hinrich Woebcken commented: "As electric charging infrastructure is building up fast, range of EVs increase and prices for EVs come down, more and more consumers see an EV as a great choice. The strong transition into electric mobility has just begun. I believe that Henrik and his team have created a great brand, product and business model package which has the potential for a strong growth journey. The Fisker Ocean is a stunningly good looking, family friendly compact SUV with inside midsize dimensions and feel. The affordability of this premium EV will be additionally convincing. I am excited to support with my industry background this great endeavor."

Biographies for Board members are available here: Fisker Inc. Board of Directors

For more information, or for interview inquiries, contact Fisker@GoDRIVEN360.com.

About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles. To learn more and to reserve the all-electric Fisker Ocean, visit www.FiskerInc.com.

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Fisker twitted about 7K deposits were made for the Ocean. More models are planned. I am not sure if anyone is interested in the investing in the SPAQ, but there is an important vote Monday. SPAQ needs an extension to merge with Fisker. Their charter which ends on August 14th, needs amendment. Long story short and an obstacle will be gone by Monday afternoon.

The stock is cheap. My first buy put me up in the clouds, but I managed to average, still underwater, but I have good feelings here. Waiting for the ticker change and the company renaming, that's sometime end of September, October.

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11 hours ago, dydo said:

Fisker twitted about 7K deposits were made for the Ocean. More models are planned. I am not sure if anyone is interested in the investing in the SPAQ, but there is an important vote Monday. SPAQ needs an extension to merge with Fisker. Their charter which ends on August 14th, needs amendment. Long story short and an obstacle will be gone by Monday afternoon.

The stock is cheap. My first buy put me up in the clouds, but I managed to average, still underwater, but I have good feelings here. Waiting for the ticker change and the company renaming, that's sometime end of September, October.

My two major plays for the rest of 2020 are: Fisker and Palantir. I just hope they will not do IPO at the same time....:-) Good luck! 

https://www.fiskerinc.com/wp-content/uploads/2020/07/Fisker-Reservations-Press-Release.pdf

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12 hours ago, dydo said:

Fisker twitted about 7K deposits were made for the Ocean. More models are planned. I am not sure if anyone is interested in the investing in the SPAQ, but there is an important vote Monday. SPAQ needs an extension to merge with Fisker. Their charter which ends on August 14th, needs amendment. Long story short and an obstacle will be gone by Monday afternoon.

The stock is cheap. My first buy put me up in the clouds, but I managed to average, still underwater, but I have good feelings here. Waiting for the ticker change and the company renaming, that's sometime end of September, October.

Another problem, which have to wait to be solved in September:

Fisker hits snag in deal to use Volkswagen’s EV platform https://www.theverge.com/2020/7/31/21349464/fisker-volkswagen-vw-ev-platform-deal-spaq-spac-spartan

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3 hours ago, MVA said:

Another problem, which have to wait to be solved in September:

Fisker hits snag in deal to use Volkswagen’s EV platform https://www.theverge.com/2020/7/31/21349464/fisker-volkswagen-vw-ev-platform-deal-spaq-spac-spartan

It sank the stock today, other platforms are apparently in discussions. Tesla is offering OEM service but they are too much of competition. Will have to see. 

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The extension was approved. The timeline to execute the merger is now available. MEB supplier is needed next.

The stock is pretty weak, but I am glad first obstacle is removed.

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21 hours ago, dydo said:

The extension was approved. The timeline to execute the merger is now available. MEB supplier is needed next.

The stock is pretty weak, but I am glad first obstacle is removed.

I am rather disappointed with no relief for the stock after extension has been approved. I can see that VM connection used heavily in the presentation made huge negative impact when Fisker declared talks landed no deal, but action is pretty sad.

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I almost allowed my feelings to do the trick on me. I thought of the SPAQ trading pattern as a disappointment.  I decided to use logic to combat feelings. I ran a background comparison to the NKLA trading pattern by capturing the announcement of the merger as a day one for both companies. Remarkably, the first observation surprises with how early in the early days of the transformation SPAQ is.  NKLA has gradually improved its share price only 20 days before the ticker change. For over nine weeks since the announcement of the merger, the stock acted as nothing happened.

Those who are long the stock should not be worried about the stock pattern. It is merely time to accumulate. Please click on the chart below to see it in the full view

image.png

 

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9 hours ago, dydo said:

I almost allowed my feelings to do the trick on me. I thought of the SPAQ trading pattern as a disappointment.  I decided to use logic to combat feelings. I ran a background comparison to the NKLA trading pattern by capturing the announcement of the merger as a day one for both companies. Remarkably, the first observation surprises with how early in the early days of the transformation SPAQ is.  NKLA has gradually improved its share price only 20 days before the ticker change. For over nine weeks since the announcement of the merger, the stock acted as nothing happened.

Those who are long the stock should not be worried about the stock pattern. It is merely time to accumulate. Please click on the chart below to see it in the full view

image.png

 

XPENG is also planning to do IPO in US soon. They have already cars. They sell them and price/quality is very competitive with Model 3 in China. I think they are much better than LiAuto (recent IPO)... XPENG is backed by Alibaba and Sovereign wealth fund Qatar Investment Authority, Abu Dhabi’s sovereign wealth fund Mubadala.

Below is (1 month old) review of their P7 model. Looks great!!!

Regarding SPAQ/Fisker: My concern at this point is time. If I got myself into Fisker (with only prototype on hands) I may miss on series of very promising IPOs which are coming very very soon to US: Palantir, Airbnb, Xpeng..... 

On top of it - I am very irritated by Henrik's constant mentioning of word "recycled" in his promotional videos. Not the best word to be associated with word "quality"... Just my opinion.

 

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Not interested in anything Chinese, to be honest. Yes he is irritating in many ways but renewable, recycled is the name of the game. 

Missing out is a good reason  but I am not to concerned with that personally. 

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Spartan announced today extension is granted, merger has an open path now, 100% certain it will happen. Fisker public company is becoming a fact. 

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BTW, anyone interested to discuss Fisker, please join our forum, it is easy, free and no identity theft. The forum is monitored so no garbage will last.

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14 hours ago, dydo said:

Spartan announced today extension is granted, merger has an open path now, 100% certain it will happen. Fisker public company is becoming a fact. 

Ok, news is out - It is Magna Steyr (Austrian facility), production starts in Q4/2022. But stock is plummeting like a rock.... Why is frustration? Is it because it is EU and not USA or 2022 is toooooo far away?

https://www.thedetroitbureau.com/2020/08/exclusive-fisker-inks-mou-with-magna-deal-will-put-it-into-production-by-late-2022/

looks like for 2 years ( lack of catalysts) it is dead money... Unfortunately... The only catalyst on the horizon is merger. But, I guess, it is not a news anymore.

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58 minutes ago, MVA said:

Ok, news is out - It is Magna Steyr (Austrian facility), production starts in Q4/2022. But stock is plummeting like a rock.... Why is frustration? Is it because it is EU and not USA or 2022 is toooooo far away?

https://www.thedetroitbureau.com/2020/08/exclusive-fisker-inks-mou-with-magna-deal-will-put-it-into-production-by-late-2022/

looks like for 2 years ( lack of catalysts) it is dead money... Unfortunately... The only catalyst on the horizon is merger. But, I guess, it is not a news anymore.

And you have shares in this company? You were not aware on a day one that car will produced in 2022 Q4? You think the money is dead because business milestones are being completed and there is nothing left for value to materialize? When you read that $10B in sales are being estimated, and at 3 times of sales this puts value of Fisker at $100, post merger share count, and they trade at $12, it is too long. Concluding that the factory was always planned for EU, read the presentation, I am not sure what impulse made you to buy SPAQ in a first place. You had no actual information in hand, so it appears.

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1 minute ago, dydo said:

And you have shares in this company? You were not aware on a day one that car will produced in 2022 Q4? You think the money is dead because business milestones are being completed and there is nothing left for value to materialize? When you read that $10B in sales are being estimated, and at 3 times of sales this puts value of Fisker at $100, post merger share count, and they trade at $12, it is too long. Concluding that the factory was always planned for EU, read the presentation, I am not sure what impulse made you to buy SPAQ in a first place. You had no actual information in hand, so it appears.

I do have shares. Otherwise why would I waste my time writing here about it?

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4 minutes ago, dydo said:

And you have shares in this company? You were not aware on a day one that car will produced in 2022 Q4? You think the money is dead because business milestones are being completed and there is nothing left for value to materialize? When you read that $10B in sales are being estimated, and at 3 times of sales this puts value of Fisker at $100, post merger share count, and they trade at $12, it is too long. Concluding that the factory was always planned for EU, read the presentation, I am not sure what impulse made you to buy SPAQ in a first place. You had no actual information in hand, so it appears.

If everything you say here is true, why shares are falling? Relax and keep your emotions to yourself. If you invite people to discuss some topics here, then behave accordingly yourself and respect other's people opinions!!!

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32 minutes ago, MVA said:

I do have shares. Otherwise why would I waste my time writing here about it?

Then if you do, certainly a lot of facts known for a long time seem as a surprise to you. Moreover, they appear to you as negative. I would imagine being aware of things you dislike would made you not to buy shares. Of course, my assessment is through my actions and how I prepare my buys. 

As to why you write, you are the only one who knows. A lot of people on message boards write things when they do not own shares of the companies. , so it is not unusual. I wrote two posts on CSIQ board, I do not have shares in the company at all. 

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