Speculative
Profit
Acquisition
Company
A blank cheque company that never found a company. So the mandate was widened.
The mandate was widened.
The Company was formed to effect a merger, share exchange or asset acquisition with one or more operating businesses. It reviewed the field and elected to acquire memes.
- 1
Raise first, decide later
A blank cheque company sells shares before it owns anything. The money arrives against a promise to go and find a business worth buying.
- 2
Most never find one
The mandate runs, the clock runs out, and the vehicle liquidates having acquired nothing. This is the ordinary outcome, not the failure case.
- 3
We stopped treating that as a problem
The Company has no operating target, no pipeline, and no intention of building either. What it has is a tax, a treasury, and a very short list of things worth owning.
So we acquire
memes instead.
A company that only does one thing, four times.
There is no second business line, no roadmap, and nothing to build. The entire enterprise is this circuit, running until it stops.
- 1
Trade
Every buy and every sell pays three percent. There is no way to hold an opinion about this token that does not fund the facility.
- 2
Build the treasury
The acquisition share of that tax collects and sits there. It does nothing at all until it is large enough to be worth doing something with.
- 3
Acquire
The facility buys a Robinhood Chain meme. Which one is a matter of public argument, and then it is a matter of public record.
- 4
Distribute
The acquired tokens go out to eligible holders. The Company keeps the press release and gives away the position.
- Repeat
Buy it here.
Pay in ETH on Robinhood Chain. The price below is live from the pool and already includes the three percent, so the number you see is the number that lands.
- You get
- Pricing
- At worst
- Pricing
- Tax
- 3%
- Slippage
- Pricing
The memes in our basket.
Instead of betting on one meme, $SPAC acquires the culture. Five tickers, every one of them a live contract on the chain.
CASHCAT30%Largest holder base in the basket. The Company likes a crowded trade.
WOOF20%A dog in a hood on a broker's chain. Thesis writes itself.
TENDIES20%The only holding with a clearly defined exit: lunch.
PIPEDOG20%Conducts its own due diligence. The Company respects that.
STONKBROKER10%Direct competitor. Acquiring it is cheaper than out-competing it.
The percentages are the share of the acquisition facility each holding is bought with. They are not a stated intention. They are what the treasury has actually been splitting its takings by, to the wei.
Contracts verified onRobinhood Chain, chain 4663Every ticker links to its address on the explorer.
Three percent, each way.
Buying pays 3%. Selling pays 3%.
Where each three percent goes
- 2.7%
- Acquisition facilityEvery hour it pays out a quarter of what it holds to the register, pro rata. This is the part that buys things.
- 0.3%
- Protocol feeThe launchpad's cut, fixed in the hook when the pool was registered and with no function to change it.
The token cannot tax you. The pool does.
Send SPAC from one wallet to another and the whole amount lands, because there is no fee logic inside the contract to run. The three percent lives one level down, in a Uniswap v4 hook bolted to the pool.
A v4 hook has to declare what it is allowed to touch, and this one is cleared for both ends of a trade. So it lifts the acquisition cut out of the WETH in transit: three percent on the way in, three percent on the way out. The pool itself charges nothing on top, and nine tenths of what the hook takes goes straight to the acquisition treasury.
- Venue
- Uniswap v4
- Pair
- SPAC / WETH
- Pool fee
- 0%
- Hook clearance
- Before and after every swap
Most companies report quarterly.
This one settles every hour, and the whole of it fits on one rail.
Register taken
On the hour. Hold 10M before it opens.
Hour closes
Sixty minutes in. 25% set aside, pro rata.
Window shuts
30 hours later. Pull it yourself until then.
What leaves the treasury every hour
- Threshold
- 10M0.1%
- Split
- Pro rataBy balance
- Creator
- 0%Verified
Declared hourly. Collected by you.
Every hour the treasury sets aside 25% of what it is holding, across all five names, split by how much you hold. Anyone can push an hour out to every eligible wallet at once, and sometimes someone does, but nobody is obliged to and the 30-hour window does not pause while you wait. Paste an address and the chain will say what it is owed.
Hours still open · closes thirty hours after each one ends
Reading the treasury.
Collecting it yourself
One call collects your whole share of an hour, every holding at once, with no approval and no value attached. It works whether or not anyone has run the hourly push, it cannot pay you twice, and it is the only thing that stops an hour reaching the end of its 30 hours unclaimed.
- To
- 0xda39b84b81c968f9ecb91d35227c23ec893753bb
- Data
- 0x379607f50x379607f5 is claim. The rest is the hour number, padded.
One man. Eight seats.
Led by SPAC Man, a spiritually overqualified retail investor from the 2021 SPAC era. He holds every position on the board and has never once recused himself.
Chief Executive Officer
Has not identified a target. Remains confident.
Chief Investment Officer
Screens four hundred tickers a week. Has never approved one on the first pass.
Head of Origination
Walking to a meeting that was cancelled in 2021.
Chairman of the Board
Delegates.
Chief Compliance Officer
Has read the tax logic twice and has notes.
Investor Relations
Reachable on every channel. Replies on none.
Chief Strategy Officer
Believes the treasury should buy the one that goes up.
Head of Treasury
Acquisitions greater than inflation.
No revenue.
Questionable fundamentals.
Aggressive acquisitions.
Questions the Company anticipates.
Everything the Company would be asked in a room it will never be invited into, answered in advance and at its own expense.
What business does the Company intend to acquire?Memes. The mandate was widened once, from operating businesses to memes, and it will not be widened again.
Which memes?The ones that are working. Selection is public, argued about in the open, and revocable. The current basket is listed above with contract addresses.
What happens to what the treasury buys?It is distributed to eligible holders. The Company keeps the announcement and gives away the position.
What if the treasury acquires something that goes to zero?The Company will describe this as a strategic repositioning and carry on. No acquisition carries a guarantee, and several of them will not work.
Is there a product beyond this?No. There is a tax, a treasury, and a distribution. Anything further would be scope creep, and scope creep is how a blank cheque company ends up owning a car wash.
Who is SPAC Man?A spiritually overqualified retail investor from the 2021 SPAC era. He holds all eight board seats and takes the minutes himself.
Does the Company hold anything back?No team allocation dressed up as a treasury, no private round, and the contract pays the creator nothing: CREATOR_BPS returns zero. One tenth of the tax does leave, to the launchpad that deployed the hook, fixed when the pool was registered and with no function to change it. The other nine tenths buy the basket.
How does anyone check the Company's work?Every address on this page links to the block explorer. Nothing about the treasury happens off-chain, so nothing about it has to be taken on trust.