Artius Acquisition (AACQ) SPAC took a pop Monday as enterprising researchers connected the investment vehicle with financial firm Circle. How did this come about? Artius deal maker Charles Drucker followed Circle on LinkedIn. While hardly scientific, this social tip of the hat might mean Circle is on the firm’s shortlist of companies to take public. Shares of AACQ were driven up 7% while warrants (AACQ-WT) were up 10% before settling back to Earth. Hennessy Capital Acquisition Corp (HCAC) was discovered to be merging with Canoo in the same way a few months ago. This has led to a battalion of LinkedIn stalkers to scour the pages of SPAC leads to get an edge on this competitive market.

Its probably a bit premature to be matching up AACQ with an acquisition target. Shares of AACQ just started trading July 14, 2020. While its not unheard of for a SPAC to lock-in a target this quickly, it certainly wouldn’t be the norm.

Artius Acquisition is looking to find a partner in the Fintech space. Led by Fintech legend Charles Drucker, his company WorldPay appreciated 700% before its sale to Fidelity National Information Services. He captained five acquisitions during his time as WorldPay’s CEO.

Disclosure: I/we have a position in Artius Acquisition warrants. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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