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Welcome to the Daily Discussion! Please use this thread for basic questions & chitchat, and leave the main sub for breaking news or DD.

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The baby thrown out with the bath water. Believe it or not these seem to be recently manufactured and advertise that they are traded on the Nasdaq: SNAX

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Thought this would be a fun exercise.

I asked AI to match a handful of pre-DA SPACs with private companies using only publicly available information, including sponsor backgrounds, stated acquisition focus and general deal size.

These are purely hypothetical industry-fit ideas—not rumors, predictions or evidence of discussions.

ALF / ALFUW
Jagex
Moon Active
Tripledot Studios

APXT / APXTW
Copper
Talos
Sygnum

BCSS / BCSS/WS
Rocket Software
Zelis
HealthEdge

KFII / KFIIR
Boom Entertainment
PrizePicks
Underdog Fantasy

FCRS / FCRS/WS
FalconX
Fireblocks
Digital Asset

NOEM / NOEMW
Infinium
Twelve
Heirloom

PMTR / PMTRW
Epirus
Ursa Major
Castelion

POLE / POLEW
Via
Foretellix
Waabi

RTAC / RTACW
Quantum Systems
Saronic
Firestorm

TVA / TVACW
Utility Global
Noveon Magnetics
Sage Geosystems

WENN / WENNW
Zero Hash
Paxos
Mesh

Some of these are probably better fits than others, and plenty of other private companies could make just as much sense. Curious what you’d change or add.

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Disclaimer :This is not financial advice and not investing advice. All information here was pulled from publicly available sources including MarketWatch, StockTitan, SEC filings, and other public data. This post may include promotional information. I am not a financial advisor. Do your own research. This is for informational and entertainment purposes only. Small caps are risky, illiquid, and can go to zero. You know the drill.

Been watching this one for a few months. Posting because the timing window is closing fast  the deal has to close by July 31 and it still hasn't.

A company called BOXABL makes foldable homes. Think a full house kitchen, bathroom, the works that folds up small enough to ship on a standard flatbed truck. They've already delivered over 800 of them. They partnered with a blank check company (ticker: FGMC) to go public on Nasdaq, and shareholders on both sides voted yes back on June 9th.

The deal hasn't officially closed yet. When it does, the stock becomes BXBL.

Here's the interesting part.

Part 1: The math that caught my attention

After shareholders voted, most of them cashed out. They had the option to redeem their shares for about $10.40 each, and the vast majority did. When the dust settled, there were only about 1.38 million shares left that regular people can actually buy or sell on the open market.

At the same time, about 1.2 million of those shares are currently being shorted.

Think about that for a second. There are barely more shares available than the number being shorted. If the people on the short side need to buy shares to close their positions, there just aren't enough shares for all of them to do it at the same time. That's the setup.

Short interest has gone up over 15,000% in the past year. That's not a typo.

Part 2: Why hasn't the deal closed yet

Nasdaq has to do a listing review before trading can begin under the new ticker. That's the only thing left. Both companies' shareholders already said yes. The legal stuff is done. It's just waiting on approval.

The outside date , the deadline where the deal falls apart if it doesn't happen is July 31, 2026. That's 21 days from now.

So either it closes soon, or it doesn't happen at all. Binary.

Part 3: What happens to the short sellers if it closes

Their short position doesn't disappear. It automatically rolls into the new ticker (BXBL). They'd still need to buy shares to close out, except now they're buying into a company with a $3.5 billion deal value and a retail narrative about solving the housing crisis.

The 350 million new shares that get issued to BOXABL's original investors? Those come with restrictions on when they can sell. So the actual number of shares available to trade stays tiny even after the deal closes.

Part 4: New stuff that happened since the vote

A couple things worth knowing:

• BOXABL signed a deal with a company to bring their homes to the UK and Ireland. New market, new revenue story.
• They unveiled a concept for using their building materials for radiation shielding on the moon. Sounds wild but it's getting NASA-adjacent attention.
• A fund called Camac/Atsion just disclosed they bought 1.49 million shares. That's more than the entire publicly available float in one purchase.

Part 5: What the stock is doing right now

Trading around $9.77–$10.04 today. Down a little. Total market cap about $101 million, which against a $3.5 billion deal value is... interesting.

Part 5: The actual risks

Worth saying plainly:

• The deal could fall through before July 31. It's unlikely at this point but not impossible.
• Even if it closes, the stock might not move the way the math suggests. Markets don't always do what they're supposed to.
• This thing barely trades. Getting in and out could be difficult and expensive.
• The company has $1.5 million in revenue against a $3.5 billion valuation. That gap is enormous.
• The original deal sponsors have shares that could unlock over time. More supply eventually.

Part 6: Biggest holders as of now

• Camac/Atsion — 1.49 million shares (just disclosed June 22)
• Quarry LP — 177,635 shares
• DLD Asset Management — 110,725 shares
• SkyView Investment Advisors — new stake this quarter
• Crossingbridge Advisors — 60,904 shares

21 days left on the clock. Watching closely.

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Not financial advice. No claim of discussions or negotiations. Just connecting publicly available information.

FutureCrest highlights experience across AI, digital assets, fintech, infrastructure, robotics, and communications. Combined with Tom Lee’s network and the board’s backgrounds, these are 15 private companies that could broadly fit those themes:

Crusoe — AI compute & energy infrastructure
Lambda — GPU cloud
VAST Data — AI data infrastructure
Together AI — AI cloud platform
Figure AI — Humanoid robotics
Apptronik — Humanoid robotics
Gecko Robotics — Industrial robotics
Skild AI — Robotics foundation models
Shield AI — Defense AI & autonomous systems
Zipline — Autonomous logistics
Fireblocks — Digital asset infrastructure
Chainalysis — Blockchain analytics & compliance
Polymarket — Blockchain prediction markets
Beast Industries — Creator technology & commerce
Abridge — AI healthcare documentation

CCXI/Agility Robotics showed how a well-received transaction in a high-growth sector can quickly change sentiment around both commons and warrants. Every SPAC is different, and this isn’t meant to imply any relationship between FCRS and the companies above.

Curious what everyone else thinks. Which private companies best match the team’s background and network, or are there other names you’d add?

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