Five under-the-radar SPACs tied to quantum computing and AI: Jon Erlichman
BNN Bloomberg
In the latest episode of Ticker Take on YouTube, I spoke with Julian Klymochko, CEO and chief investment officer of Accelerate Financial Technologies, about five under-the-radar SPACs he is watching.
As a quick refresher, a SPAC—or special purpose acquisition company—is a publicly traded shell created to merge with a private business and take it public. Companies often use SPACs to access capital and go public faster than through a traditional IPO. These SPACs have announced mergers but have not yet closed, which means the underlying companies are still early-stage and under-followed by investors and analysts.
Past SPACs have a mixed track record. Some, like DraftKings and Oklo, delivered strong gains, but many others underperformed, highlighting both the potential upside and the risks of this route to the public markets.
Ultimately, Klymochko believes SPACs can offer a way to gain early exposure to innovative private companies tied to major long-term trends. Here’s a closer look at the five he highlighted.
Crane Harbor Acquisition plans to merge with Xanadu, a Canadian quantum computing company focused on photonic systems that use light instead of traditional electronics. Xanadu has already reached major technical milestones, and Klymochko believes quantum computing could eventually transform industries ranging from pharmaceuticals to finance.
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