""SPAC Stock"" – Google News
GWAC valued Cipher at a pro forma implied equity value of $ 2.5 billion. At GWAC’s current share price, Cipher is valued at approximately $ 2.88 billion. By comparison, Marathon Patent and Riot Blockchain have market caps of $ 3.45 billion and $ 3.52 billion, respectively.
Cipher expects sales of $ 6 million in 2021 and forecasts sales growth of 5,418 percent in 2022 and 86.1 percent in 2023. The company expects sales of $ 1.0 billion in 2025, which is an EV-to-sales multiple of around 2.0 in 2025 would mean x. Cipher’s EBITDA margin of around 75.5 percent for 2025 also looks good. Given the company’s strong growth prospects and valuations, GWAC stock looks like a good buy. However, the stock is a speculative game until the Cipher and GWAC deal is closed.