Special Situation Investments

Prevail Therapeutics (PRVL) – Merger Arbitrage & CVR – 15% Upside

Feb 5, 2021Dec 21, 2020

Current Price: $23.08

Offer Price: $22.50 + $4.00 in CVR

Upside: 15% (589% on CVR investment)

Expected Closing: Q1 2021

SUBMIT QUICK IDEA

Tegna (TGNA)
Not yet, however, there is a strong possibility that the deal will fall through. SG has strongly criticized regulator's decision,…
Ilja on Mar 27, 2023
Zagg (ZAGG)
Judge each case on it's own. I agree that usually CVR's are skewed towards the buyer. However, each individual case…
writser on Mar 27, 2023
Tegna (TGNA)
so is the deal dead?
wjones on Mar 26, 2023
Zagg (ZAGG)
@dt Even sales milestones and FDA approvals can be manipulated: sales can be recognized somehow in another year, FDA application…
Evg on Mar 25, 2023
Zagg (ZAGG)
Evg, you are correct to point out that in some cases incentives between CVR holders and the buyer are not…
dt on Mar 23, 2023
Zagg (ZAGG)
Tbh I’m done with these CVRs. The main issue is that investor’s incentives here are opposite to those of the…
Evg on Mar 21, 2023
SSI Weekly – Quick Pitches For SGA, DNTL.TO, CBIO
No updates have been made since the strategic review announcement in November. Hopefully management will provide more details in the…
Ilja on Mar 20, 2023
SSI Weekly – Quick Pitches For SGA, DNTL.TO, CBIO
Is DNTL still in play? Just had a price alert because I prob liked it at these levels back when…
TheRick on Mar 17, 2023
SSI Weekly – Quick Pitches For GSMG, LMN.SW, SO.PA
Yes, they have crossed the threshold allowing the implementation of a squeeze-out back in January without increasing the offer. https://www.somfy-group.com/en-en/news/2023-01-09-change-in-the-free-float-of-somfy-shares
Giorgi on Mar 14, 2023
SSI Weekly – Quick Pitches For GSMG, LMN.SW, SO.PA
How did Somfy play out? Looks unlisted so did it go out for 143 or was bid increased?
TheRick on Mar 13, 2023
Zagg (ZAGG)
Or we were screwed by a crafty buyer because we didn't read the fine print good enough .. Always easy…
writser on Mar 10, 2023
Zagg (ZAGG)
Broker removed worthless CVR from account 3/7/23 Screwed by govt bureaucracy.
BPstyler on Mar 10, 2023
SSI Weekly – Quick Pitches For B, DXC, AGF-B
Due to the financial sponsor’s challenges in raising the necessary capital, as a result of current market conditions, no formal…
G98 on Mar 10, 2023
SSI Weekly – Pitches For BOCH.L, TNA.V, DMS, ADT and VLNS
The Board has unanimously determined that continuing to execute on the Company’s strategic plan as an independent, public company is…
G98 on Mar 10, 2023
Zagg (ZAGG)
Expired worthless. Showed up today in my broker statement.
nostradamus on Mar 8, 2023
SSI Weekly – Quick Pitches For SIOX, OIIM
OIIM Merger completed today, well done!
Bernd on Mar 3, 2023
SSI Weekly – Quick Pitches For SIOX, OIIM
OIIM: 2c left! Bid/ask $4.90/4.91. Trading halt moved earlier to today, 3-2-23 after after-market-hours 8pm. Nasdaqtrader.com copied below as of…
Terence on Mar 2, 2023
Opera (OPRA)
I am closing out OPRA idea. Yesterday Opera reported great Q4 results. Both revenue/EBITDA exceeded the guidance and the stock…
dt on Feb 28, 2023
SSI Weekly – Pitches for URF.AX, IMRA, RPID, CRNT, CTEK, VIVO
Thanks for taking the time and effort to respond, it is much appreciated. I didn't want to acknowledge just how…
G98 on Feb 28, 2023
SSI Weekly – Pitches for URF.AX, IMRA, RPID, CRNT, CTEK, VIVO
I own some shares, but here are the risks: -They have a sizable debt load. House prices would have to…
ijw on Feb 27, 2023
SSI Weekly – Pitches for URF.AX, IMRA, RPID, CRNT, CTEK, VIVO
I am trying to understand the downside to URF as it currently stands at ~0.28/share - my ignorance is blinding…
G98 on Feb 27, 2023
SSI Weekly – Quick Pitches For GSMG, LMN.SW, SO.PA
Very strange, they invite for annual general meeting end of March, one point is to approve "Assentsure PAC as the…
Bernd on Feb 26, 2023
Tegna (TGNA)
Tegna Buyout Shelved by FCC Order Sending $5.4 Billion Deal to Hearing https://www.bloomberg.com/news/articles/2023-02-24/fcc-says-it-s-unable-to-approve-tegna-deal-schedules-hearing
G98 on Feb 26, 2023
Nam Tai Property (NTP)
I am folding on this clearly failed and highly speculative bet on IsZo Capital’s conquest of NTP. All of the…
dt on Feb 25, 2023
Atento (ATTO)
Yesterday’s filings shed some more details on ATTO's recent debt financing and 2023 guidance. After sifting through the new disclosures,…
dt on Feb 25, 2023
SSI Weekly – Quick Pitches For SIOX, OIIM
OIIM back to $4.85 at 2:30pm. Sell quick!! or Buy quick!! (depending on your risk profile) At a special meeting…
Terence on Feb 24, 2023
Magnachip Semiconductors (MX)
After the recent MX Q4 results, I've finally decided to close the MX idea. This decision is probably long overdue.…
dt on Feb 23, 2023
Pan American Silver (PAASF)
From the Annual information form released yesterday, page 58: In 2023, we do not anticipate any production from the Escobal…
writser on Feb 23, 2023
SSI Weekly – Quick Pitches For ZVO, CANO and XX.V
Any update/thoughts on XX.V? 1.25 target from VIC writeup but how about SSI target?
vko007 on Feb 22, 2023
Tegna (TGNA)
Company now expects the merger to close in March/April: "The closing of the Merger remains subject to the approval of…
Olve on Feb 22, 2023