Jan. 12 at 3:36 PM
$BACQ
A very compelling SPAC merging with Merlin Labs, an AI-driven autonomous aviation technology firm.
Merlin trades at significantly lower multiples than speculative tech peers like quantum computing firms (ex
$IONQ at 340x sales or
$RGTI at 1,796x).
If the merger falls through, shareholders can typically redeem shares near the net asset value (NAV) of around
$10.40, limiting losses.
The company has already secured over
$105 million in U.S. Department of Defense contracts, with active deployments across five military aircraft types, including the C-130J Hercules for U.S. Special Operations Command and the KC-135 tanker for the Air Force.
Partnerships with industry giants like GE Aerospace and Northrop Grumman further validate its tech.
This is imo a great low risk entry point for the company and an undervalued AI stock. Not one I am betting the house, but making a position!
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