Oaktree Acquisition Corp (OAC)

Investor presentation

https://www.sec.gov/Archives/edgar/data/1773751/000119312520260568/d74354dex992.htm

But it does allow us to expand and grow into new businesses, too, including into big categories like sleep, infertility, diabetes and other chronic conditions.

TC: What about acquisitions?

AD: We’ll keep an eye open for strategic opportunities and consolidation opportunities. More than a dozen businesses a month come to us to be consolidated into the brand, but generally speaking, we’ve had the belief that so much is in front of us that we don’t want to be distracted.

As of last quarter, the business was growing 90% year-over-year, with 76% gross margins and greater cash efficiency, and that’s because as we provide more offerings, there is more cross-purchasing. Also, word of mouth is becoming more of a dynamic, with more than 50% of the traffic to the site free at this point because we have built a brand with a young demographic.

TC: You’re a Bay Area-based company selling to a mostly U.S. audience. How are you thinking about expanding that footprint geographically?

AD: We do have a small operation selling in the U.K.; we’re getting our feet wet in that market and building out a team and infrastructure and fulfillment. If you look at the regulatory landscape, there’s a huge amount of room [to grow] in Europe, Australia, Canada, the Middle East and Asia, and so in that order, we’ll start to [move into those markets].

On the contrary, Dudum says that while Hims might have once imagined a traditional IPO, it decided to go the special purpose acquisition company (SPAC) route because of their pricing mechanisms and because it was approached by a SPAC led by renowned money manager Howard Marks, the founder of the global alternative investment firm Oaktree Capital Management. (“We fell in love with the Oaktree team and the capital market experience and deep resources they have.”)

Steady climber

25 pre merger than big pop!

Pop to $25 upcoming

Loading up here!

Looking forward to January 19th voting. Giving a BIG OK for the Hims & Hers merger

nice. Gonna be a big mover post merger. I’m just sitting patiently and waiting.

Grabbing these 12.40ssss

Joined the party today

I don’t see warrants for this one, what’s the symbol? TIA

buy the stock or warrants?

Good call in June on OAC.

It has done well.

In at 10.79.

Ty...

https://www.crunchbase.com/organization/hims

https://www.forhims.com/about

https://www.forhims.com/

https://www.bloomberg.com/news/articles/2020-08-07/hims-said-in-talks-to-go-public-via-oaktree-blank-check-company

$OAC waiting zone!

So, now the question up for discussion is... what is OAC going to be spending their $200MM on? And will the first acquisition raise the share price?