Novus Capital NOVS 💪 Aggressive 5g SPAC Stock Market Penny Best Way to Make Money Online

Novus Capital Corp
https://novuscapitalcorporation.com/
NOVS
$100 million Cash Raised
$250 million to $1 billion.
Each unit consists of one share of common stock plus a half a warrant
18 months
2 weeks after Unit they went from ½ warrant and 24months to 21 months and ¾ Warrant and then now they are 18month with full warrant w/ unit!
Cresent $9.20
First SPAC Hungry though
tech sector smart technology innovations market - 5g vr 5G communication, virtual reality, artificial intelligence, cloud computing, machine learning and hardware and software distribution and value-added customized logistics services. brand new good managment - only 100million - 18months
company plans to acquire just one firm. If the founders want to buy another, they would set up a second blank-check company and take it public.Show more

Novus is the brainchild of Laikin and Larry Paulson, who has held executive posts at Brightpoint, Qualcomm and Nokia.

Launched in March, Indianapolis-based Novus Capital Corp. has no revenue or paid employees and isn’t profitable.
What it does have—thanks to $100 million in the bank and the ability to make a company public almost overnight—is loads of potential, say former Brightpoint Inc. CEO Bob Laikin and other founders.
Novus formed as a “blank check company”—an entity that exists to acquire one or more businesses and merge with them as a way to take those companies public. It filed a prospectus with the Securities and Exchange Commission in late April laying out plans to sell 10 million units at $10 apiece, with proceeds funding acquisitions.

Laikin
Novus, which has listed its shares on the Nasdaq exchange under the NOVS ticker symbol, closed its funding round with lightning speed on May 19 and is looking to make an acquisition, likely in the tech sector, in the next 18 months.
If it can’t do that, it will refund investors their money—plus interest. In that case, the founders would lose about $3 million.
plans to acquire just one firm. If the founders want to buy another, they would set up a second blank-check company and take it public.
Novus is the brainchild of Laikin and Larry Paulson, who has held executive posts at Brightpoint, Qualcomm and Nokia.
Laikin founded Brightpoint, a distributor of wireless mobile devices, in 1989 and grew annual sales to more than $5 billion before selling it to Ingram Micro for $840 million in cash in 2012.
The two had recently left their jobs and were having lunch in January when the subject of blank-check companies, also known as special purpose acquisition companies, came up.
“By the end of lunch, we decided to launch a SPAC,”
He and Paulson are confident they can make a successful acquisition—possibly as soon as early next year. And if they do so and deliver a solid return to investors, they said it won’t be their last blank-check company.
Paulson
Paulson said the next one will be “much bigger”—likely raising two to three times as much as this one.
Leadership team
Laikin serves as Novus chairman and Paulson is CEO. The duo brought in Brad Bostic, CEO of Hc1, an Indianapolis-based maker of data analytics software for health care organizations, and former Indiana Pacer player and serial investor Jeff Foster as Novus co-founders. Both will play a role in helping identify a firm to acquire.
“Bob asked me if I wanted to be a part of this and, before he could finish asking, I said yes,” Bostic said. “After I met Larry, I was even more enthused. I’m excited to be a part of a group that could expand my knowledge.”
Bostic also said Novus could have a significant economic impact on central Indiana.
Laikin said he’s known Bostic for more than a decade and brought him in due to his tech expertise—especially in bioinformatics and cloud computing—as well as his experience running a growing company and with mergers and acquisitions.
Laikin also hailed Foster, who played with the Pacers from 1999-2012 and has been called the Warren Buffett of the NBA for his investing prowess.

“Jeff is no figurehead,” Laikin said. “He’s been an experienced and successful investor for a number of years. He’s a [Novus] founder and value-added investor who will be a part of helping us identify acquisition targets.”

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