SPAC Acquires University Students’ EV Senior Design Project Overnight

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SPAC Acquires University Students’ EV Senior Design Project Overnight
<a href="https://pixabay.com/users/MikesPhotos/">MikesPhotos</a> / Pixabay

In a stunning entrance to 2021, a landmark deal was sealed overnight when four college seniors unknowingly had their IP and research rights acquired by famed SPAC: BDE Capital, overnight.

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BDE Capital Acquires EV Senior Design Project

The four college electrical engineering students were assigned an electric vehicle (EV) concept as their senior design project with an emphasis on engineering the car’s battery to operate as efficiently and cost-effectively as possible.

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“There were an unusual amount of senior design projects focused around electric cars.” said Anthony Castellano, one of the members of the fateful group who’s hard work came to a grinding halt when news of their project getting bought out came to light. “I think the most egregious part of this all is that we don’t get any proceeds from the acquisition. I spent 16 hours a day in the lab running analyses on projected power output and quantum electrochemical concepts.”

A source close to the matter believes that an adjunct professor who was sponsoring this group’s senior design project was the mastermind broker behind the deal, although, official sources have yet to confirm this.

A Whacky Guy

An anonymous faculty member within the electrical engineering department says, “Dr. Patel was always kind of a whacky guy, who would teach circuits by actually electrocuting himself. Maybe all those shocks to his brain somehow rewired it and made him the lunatic he is today. I wouldn’t be surprised in the slightest if he was the broker of this deal.”

BDE Capital will ultimately receive the intellectual property rights and all of the technical data produced by the eluded senior design project. The deal was valued at $12B, and shares are expected to go public in Q2 2021, estimated to trade ~$20-$25 a share. This deal highlights quite possibly the most bizarre way to a public company’s inception, but the year is 2021 and there is always a first time for everything.

Article by The Stonk Market

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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