Know Who Drives Return

True Wind Capital's track record as a SPAC sponsor is about as good as it gets. Open Lending Corp (LPRO) is an absolute rock star deSPAC up over 240% since IPO, Rover (ROVR) is up 30% since IPO, and there is more on the way from them with Bilander Acquisition (TWCB) looking for a deal and 3 more in the queue to IPO.

Boardroom Alpha's David Drapkin is joined by True Wind Capital's Scott Wagner and Tom Hegge. Listeners will remember Scott as the ex-CEO of GoDaddy and  Tom is a long-time public market investor with private equity roots.

Listen in as the three discuss the SPAC market, what makes True Wind special, and how a SPAC sponsor can successfully build a track record of taking companies public and driving return for all stakeholders.

Learn more about True Wind Capital: https://www.truewindcapital.com/

Jonathan Browne from Robinson Capital joins Boardroom Alpha's David Drapkin to talk about SPAC arbitrage. Robinson Capital's SPAX ETF launched in June of 2021 and is an actively managed exchange-trade fund (ETF) that invests in Special Purpose Acquisition Companies (SPACs), also known as blank check companies. SPAX seeks to provide total return while minimizing downside risk.

Discussion Details

• Intro - Background to Robinson
• SPACs as an Alternative to Fixed Income
• SPACs and Yield, Risk-Free
• How do you picks SPACs?
• State of the SPAC IPO Market
• SPAX - the ETF
• What can reinvigorate the SPAC market?
• Sponsor alignment 
• Gamma squeeze 
• Closed end funds

Jonathan Browne Biography
Jon serves as a Portfolio Manager and member of the investment management team at Robinson Capital. He jointly oversees the day-to-day management of the Robinson Funds, including its investment strategies and processes, risk management, regulatory compliance, asset allocation modeling, external manager due diligence and selection, and trading. He is also responsible for overseeing the continued growth and advancement of the firm’s CEF and SPAC research efforts, which includes managing Robinson Capital’s proprietary valuation systems.

Learn more about SPAX: https://www.robinsonetfs.com/
Learn more about Robinson Capital: https://www.robinsonfunds.com/

Matthew Tuttle from Tuttle Capital joins David Drapkin to talk about SPACs, FOMO, and tail risk. Tuttle Capital's thematic and actively managed ETFs are taking advantage of the SPAC craze, everybody's FOMO (fear of missing out), and protecting the downside tail risk.

Listen in to learn how they do it and their latest thoughts on what's happening in the markets.

Discussion Topics

• Intro to Tuttle Capital
• FOMO
• Gambling vs. Investing
• SPACs, and state of the market
• Future of SPACs and sponsors
• FATT - Tail Risk ETF
• Buy the Dip?
• $100 in any ETF

Learn more at Tuttle Capital's site: https://tuttlecap.com/

Matthew Tuttle Biography
Matthew Tuttle is the Chief Executive Officer and Chief Investment Officer of Tuttle Capital Management, LLC.

Matthew is a familiar face among the financial media. He has been a frequent guest on CNBC and Fox Business and has been frequently quoted in the Wall Street Journal and Barron’s.

He is the author of How Harvard & Yale Beat the Market and Financial Secrets of my Wealthy Grandparents.

Matthew has an MBA in finance from Boston University.

(Disclaimers: this is not investment advice. The author may be long one or more securities mentioned in this report.)

Niccolo de Masi of dMY Technology Group talks to Boardroom Alpha's David Drapkin about why quantum computing is the next big tech innovation and how investors won't want to miss out.

Discussion Topics

• Intro 
• IonQ and Quantum computing overview
• IonQ's financial and strategic value
• Competitive landscape
• Revenue and customer pipeline
• SPAC Redemptions
• Final message ahead of IonQ shareholder vote

This is the second of two special episodes with Niccolo. Hear Part I on dMY Technology here.

About IonQ
IonQ, Inc. is the leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s 32 qubit quantum computer is the world’s most powerful quantum computer, and IonQ has defined what it believes is the best path forward to scale. IonQ is the only company with its quantum systems available through both the Amazon Braket and Microsoft Azure clouds, as well as through direct API access. IonQ was founded in 2015 by Chris Monroe and Jungsang Kim based on 25 years of pioneering research at the University of Maryland and Duke University.

Learn more at IonQ's website: https://ionq.com/


About Niccolo de Masi (CEO of dMY Technology Group)
Niccolo de Masi is an experienced public company chief executive officer and board member with deep expertise in mobile, deep tech, and creating software and hardware ecosystems.

He serves or will serve on the Board of all three dMY Technology SPAC-IPOs post close: Rush Street Interactive, Genius Sports Group, and IonQ.

Over the course of his career, Mr. de Masi has consummated over 25 mergers and acquisitions and has raised approximately $3 billion in equity to support public and private companies he has led. He has held leadership positions in five mobile companies: Glu Mobile, Inc. (Nasdaq: GLUU) (“Glu”), Essential Products, Inc. (“Essential”), Xura, Inc. (formerly Nasdaq: MESG) (“Xura”), Hands-On Mobile and Monstermob Group PLC (formerly LSE: MOB) (“Monstermob”). Mr. de Masi became Chief Executive Officer of Glu and of Monstermob before the age of 30.

From December 2014 through its sale to Electronic Arts in 2021 for $2.4B, Mr. de Masi was Chairman of Glu Mobile, a gaming leader. Mr. de Masi was President and Chief Executive Officer from January 2010 to November 2016 and was instrumental in creating many of the app ecosystem’s “firsts,” including developing mobile “freemium” gaming (of which Glu has published approximately one hundred titles), evolving the Android and iOS rewarded advertising ecosystems, and developing some of the world’s first mobile virtual reality (“VR”) and augmented reality (“AR”) experiences. Mr. de Masi additionally helped to create the entire category of celebrity games, launching Kim Kardashian: Hollywood in June 2014—a unique partnership with Kim Kardashian.

Between October 2018 and January 2020 Niccolo served on the Board of Directors of Resideo Technologies, Inc. (NYSE: REZI). He also served as President, Products and Solutions and Chief Innovation Officer. Resideo, which was spun-off from Honeywell International, Inc. in October 2018, is a leading global provider of critical comfort, residential thermal solutions and security solutions primarily in residential environments that operate in the IoT space. Resideo reported approximately $5 billion in net revenue in 2020 with approximately 13,000 employees.

Mr. de Masi serves on the Leadership Council of the UCLA Grand Challenges.

Mr. de Masi received first class B.A. and M.Sci degrees in physics from Cambridge University.

For more on dMY Technology group visit their website at: https://www.dmytechnology.com/

Boardroom Alpha's David Drapkin welcomes Union Acquisition II CEO Kyle Bransfield and Procaps CEO Ruben Minski to the podcast. The deal goes to vote on September 22, 2021 and ex-redemption on September 17, so this will be one of shareholders' last opportunities to hear from the team before deciding to redeem or go long alongside Kyle and Ruben. Investors should note that ~$65M was already redeemed from trust at their extension vote in April 2021.

Episode Details

• Intro to Procaps
• Why Procaps going public now?
• Decision to go via SPAC rather than IPO?
• Why Union Acquisition?
• SPAC history for Union
• Redemptions + Capital Structure
• PIPE Investors
• Procaps valuation
• Growth prospects
• Where are the risks?
• Will Union be a longterm partner?
• Procaps transition to a public company
• Will Union continue in SPACs
• Parting words 

Kyle P. Bransfield, CEO of Union Acquisition
Kyle P. Bransfield is co-founder of Union Acquisition Group and has served as our Chief Executive Officer and a director since our inception. He has also served as director of Union I since November 2017 (and currently sits on the audit, compensation, and nominating and governance committees) and served as its Chief Executive Officer from December 2017 until it completed its merger with Bioceres in March 2019. Mr. Bransfield is a Partner at Exos Financial, leading the firm’s SPAC strategy. Mr. Bransfield has over 14 years of experience in direct equity and debt private markets principal investing, capital raising, and investment banking. Prior to joining Exos, Mr. Bransfield was a partner at Atlantic-Pacific Capital, leading the firm’s global direct private placement and structured investment activities from 2015 to 2019. Prior to Atlantic-Pacific, Mr. Bransfield was an investment banker in Sagent Advisors’ Private Financing Solutions Group from 2014 to 2015. Prior to Sagent, Mr. Bransfield spent five years from 2009 to 2014 as a Principal and General Partner at CS Capital Partners, a Philadelphia-based multi-family office focused on alternative investments. In his role there, he co-managed a portfolio of direct investments, served as an observer to several boards of directors, and fulfilled operating roles within portfolio companies. In 2006, Mr. Bransfield began his career in the Mergers & Acquisitions Group at Stifel Nicolaus Weisel. Mr. Bransfield received a B.S. in Business Administration from American University.

Ruben Minski, Founder, Chief Executive Officer and Director
Ruben Minski, founder, CEO and president of Procaps Group, with extensive experience and recognition in the pharmaceutical industry. Chemical Engineer from Northeastern University in Boston, Massachusetts, he participated in the Owners/President Management program at Harvard University - School of Business, CEOs' II: The Next Step in Strategic Management and in the CEOs' Management Program at Kellogg School of Management at Northwestern University, USA.

Niccolo de Masi of dMY Technology Group talks to Boardroom Alpha's David Drapkin about why they are at the top of the SPAC sponsor tables, how bad actors are stealing value from everyone else in the SPAC market, and why dMY is "long-term greedy."

Discussion Topics

• Intro w/ Niccolo 
• dMY Overview and value add
• Why dMY's deals have been successful 
• SPACs, targets, and projections from bad actors
• Transitioning from private to public
• Involvement in PF company boards
• Future of the SPAC market
• What's next for dMY

This is the first of two special episodes with Niccolo. We'll soon be publishing a second discussion with Niccolo on why quantum computing and IonQ are the next big thing.

About Niccolo de Masi (CEO of dMY Technology Group)
Niccolo de Masi is an experienced public company chief executive officer and board member with deep expertise in mobile, deep tech, and creating software and hardware ecosystems.

He serves or will serve on the Board of all three dMY Technology SPAC-IPOs post close: Rush Street Interactive, Genius Sports Group, and IonQ.

Over the course of his career, Mr. de Masi has consummated over 25 mergers and acquisitions and has raised approximately $3 billion in equity to support public and private companies he has led. He has held leadership positions in five mobile companies: Glu Mobile, Inc. (Nasdaq: GLUU) (“Glu”), Essential Products, Inc. (“Essential”), Xura, Inc. (formerly Nasdaq: MESG) (“Xura”), Hands-On Mobile and Monstermob Group PLC (formerly LSE: MOB) (“Monstermob”). Mr. de Masi became Chief Executive Officer of Glu and of Monstermob before the age of 30.

From December 2014 through its sale to Electronic Arts in 2021 for $2.4B, Mr. de Masi was Chairman of Glu Mobile, a gaming leader. Mr. de Masi was President and Chief Executive Officer from January 2010 to November 2016 and was instrumental in creating many of the app ecosystem’s “firsts,” including developing mobile “freemium” gaming (of which Glu has published approximately one hundred titles), evolving the Android and iOS rewarded advertising ecosystems, and developing some of the world’s first mobile virtual reality (“VR”) and augmented reality (“AR”) experiences. Mr. de Masi additionally helped to create the entire category of celebrity games, launching Kim Kardashian: Hollywood in June 2014—a unique partnership with Kim Kardashian.

Between October 2018 and January 2020 Niccolo served on the Board of Directors of Resideo Technologies, Inc. (NYSE: REZI). He also served as President, Products and Solutions and Chief Innovation Officer. Resideo, which was spun-off from Honeywell International, Inc. in October 2018, is a leading global provider of critical comfort, residential thermal solutions and security solutions primarily in residential environments that operate in the IoT space. Resideo reported approximately $5 billion in net revenue in 2020 with approximately 13,000 employees.

Mr. de Masi serves on the Leadership Council of the UCLA Grand Challenges.

Mr. de Masi received first class B.A. and M.Sci degrees in physics from Cambridge University.

For more on dMY Technology group visit their website at: https://www.dmytechnology.com/

Ben Wolff, CEO of Sarcos, talks to Boardroom Alpha's David Drapkin about robots, SPACs, and why investors should be looking at Sarcos as an opportunity to invest.

Discussion Topics

• Intro to Sarcos
• Why is now the time to go public
• Why a SPAC? 
• Why Rotor?
• Who are your direct competitors?
• Sarcos' Valuation 
• Shareholders + PIPE investors 
• SPAC redemptions
• Sarcos revenue model 
• Path to revenue projections 
• Potential Customers
• Impacts of COVID
• Public company experience
• Final word from Ben

About Ben Wolff
Ben Wolff serves as the Chairman and CEO of leading global robotics company, Sarcos Robotics. In this role, he oversees the strategic direction of the company and engages with the company’s partners, customers and investors.

Prior to joining Sarcos, Wolff served as Chief Executive Officer, President and Chairman at Pendrell Corporation from 2009 to 2014. In 2003, Wolff co-founded Clearwire Corporation, where he served as President, CEO and Co-Chairman. Clearwire was sold to Sprint in 2013 for more than $14 billion. Wolff has also served as President of Eagle River Investments, an investment fund focused on telecom and technology investments.

Wolff previously served on the board of the Cellular Telecommunications Industry Association (CTIA), and is currently a member of the Board of Visitors of Northwestern School of Law at Lewis & Clark College in Portland, Oregon.

Wolff earned his law degree from Northwestern School of Law, Lewis & Clark College in Portland, Oregon in 1994, and his Bachelor of Science degree from California Polytechnic State University in 1991.