Cadence
Amendments tighten.
A void after the first S-4, then comments, then faster /As as they near effectiveness. Velocity is the close path.
Rights Pulse Desk
Buy or sell the right.
Rights tape is conversion vs NAV, then we sell into effective. We do not wait for the close. Four rooms — Pre-DA, Post-DA, S-4, exit — not 125 names sorted by Edge. The book is 5–10 names with edge, not a bid sniper.
Pre / Post / Effect · $10 NAV
| Fraction | Pre | Post | Effect |
|---|---|---|---|
| 1/5 | $0.200 | $0.400 | $0.600 |
| 1/8 | $0.125 | $0.250 | $0.375 |
| 1/10 | $0.100 | $0.200 | $0.300 |
| 1/15 | $0.067 | $0.133 | $0.200 |
| 1/20 | $0.050 | $0.100 | $0.150 |
Buy Pre-DA when *R is under Pre. Sell the DA / S-4 print at Post. Effective is the exit.
Three tells
Proxy card
The vote is being printed.
When EX-99 is a form of proxy — or tproxy graphics hit the book — they are preparing a meeting. Pulse jumps.
PubCo ticker
The new name shows up.
A ticker on the HoldCo or merger sub, not the SPAC, means they have named the listed company.
Free account for live *R vs the line, stage rooms, and the names that printed a tell today.
Sign inHypothetical results. Results may vary. Not financial advice.