Special opportunities
Operations
A free first look at the nine special situations we deliver on the platform: what each one is, and where its opportunity comes from.
This index is deliberately free: it is here so you can see how many special situations we deliver before signing up. Each module is summarised in one line here; the operating detail lives inside the platform.
The thesis the nine share
Special-situations arbitrage is about identifying technical inefficiencies, flow imbalances and legal asymmetries on the balance sheet.
Module 1
M&A
Mergers, acquisitions and third-party takeover offers.
See the area →Module 2
Spin-offs
Demergers, distributions and business separations.
See the area →Module 3
Liquidations
Asset realisation and distributions through final liquidation.
See the area →Module 4
Odd-lots
Offers with specific terms for small shareholdings.
See the area →Module 5
Post-bankruptcy and restructurings
New capital structures, recoveries and emergence from restructuring.
See the area →Module 6
Rights offerings
Subscription rights, trading, exercise and allocation.
See the area →Module 7
Issuer self-tenders and Dutch auctions
Issuer offers and their ASR subtype: terms, proration and settlement.
See the area →Module 8
Uplistings
Transfers to a higher listing venue and their official milestones.
See the area →Module 9
Holdings / SOTP / Stubs
Verifiable sum of the parts, debt, discount and value-unlock catalysts.