Colin Kaepernick is leading a group taking a blank-check company public, as the former San Francisco 49ers quarterback turned activist tries to bring his social justice causes to the booming SPAC industry.
Mr. Kaepernick will serve as the co-chair of Mission AdvancementCorp., which will seek to raise up to $287.5 million in an initial public offering, according to documents filed to the Securities and Exchange Commission on Tuesday. Mission Advancement says it will emphasize the racial and diversity issues Mr. Kaepernick has championed on and off the field through its investment in the growing environmental, social and governance investment field. It aims to target consumer businesses with an enterprise value of more than $1 billion.
Mission Advancement will be co-chaired by Jahm Najafi, who runs the private-equity firm Najafi Companies and is a minority owner in the NBA’s Phoenix Suns. Together, they lead a board that is made up of members who are majority female and 100% Black, indigenous and people of color. Other board members include Katie Beauchamp, the CEO and co-founder of Birchbox and Omar Johnson, a former executive at Apple and Beats by Dre.
The sponsorship money is coming from Najafi Companies and Mr. Kaepernick, and they intend to invest in a business that “delivers a significant impact financially, culturally and socially,” according to the filing.
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Don't Really Care!
I’m not so sure about this. I’ve admired his efforts so far, this feels like a bit of a dark and capitalistic turn for this. I hate losing faith in folks I’ve believed had the best intentions. Going in the SPAC direction is a problem if he wants to remain credible
I support that
The race hustles pays
👏👏👏🤑🤑🤑
The idea that one would risk it all to give his Bruthas and Sistas a Life Line to bring Racism to its knees is Inspiring,Motivating, and Love in Action. Rise my Brutha. Resonate then Pivot
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And...if that’s not a sign of an eminent stock market correction, I don’t know what is!
Excellent!
Thank You for taking a knee. Do your thing❗
I do not like blank check companies
Literally a hypocrite
In other words, they won't produce jack shit.
👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼
hastag this wheres THE stimulus checks
Wait isn't the narrative that POC are all poor and uneducated? Who's gonna buy in then? All his white & poc elitist friends. So bass ackwards
Short.
This wonderful boy became a man in front of us and than he became larger then the game he played. What a wonderful man, a legend and one that cleanses the heart when you think about him. Is this what prophets looked like? Brady fucking who?
Wishing Kap God’s blessing and great success. ❤️🙏🏼
Who trusts this guy
What industry will he target, what is his vision for the company he wants to acquire or bring to market? Will he be keeping jobs in 🇺🇸 or out-sourcing the jobs to developing countries just like the other corporations?
Only in America- how ironic
Good news for Colin! Congrats!
He deserves this but he should be playing football 🏈. Kaepernick7
Hate this mf.
Welll nooow, the plot thickens. Imagine if he raises at or over ten to twenty billion dollars. Who's franchise is safe from a hostile take over! I'd say ten billion will buy any of them. 🤝🙌 touchdown
LOL
🤮
maybe the deeper purpose of kaepernick7 's life is more than sport. Truth.
Oh, so many were right. It’s been about money this whole time. Got it.
Market top
All the best for you Brother Colin.
❤️✊🏾🙏🏾
The best way for Colin to get back at the NFL is become an owner of an NFL team!!! Go from blackballed QB to the one deciding on who will be QB. Go far it Colin!!!
Simply amazing
Good luck in your endeavors. I’m an old white woman who stands up for you! May sound funny to say that, I wanted to let you know I get it (as much as I can) ☮️💯
As long as all the money printing continues let there be SPACs. Once those interest rates come back, you better be agile to hedge your investments, pull out and take shelter. Enjoy the ride for now.
Need all the details and definitions. What exactly will social justice mean? What exactly will the emphasis be on diversity?
I almost think sometimes Kaep saw his football career coming to an end, so he orchestrated something he cared about into a new path that would extend beyond his thirties. Like him or not, he is privileged and smarter than people give him credit for
Oh this is going to go swimmingly
d4m_ir
Haha Najafi invested 75 Million in Paul Dean...after her comments and now using Kap for social justice haha
Good luck playing 'Equalizer' with corporations.
So he thinks he can gather a WSB mob in social justice game? How much is he thinking of profiting from it?
Who is this Muslim guy?
It will fail.
I thought we lived in a racist county,looks like Kaepernick7 (anti capitalist) was using blm and taking a knee as self promotion. He’s a true example of how a race pimp manipulates and shames society to enrich himself.
They aren't 'his' causes. Social justice is a cause for all of us.
Colin Kaepernick should play politics since he can’t play 🏈. Figuring US population the low end put forth in the 2020 Census tabulation, taking 🎃’s claim of 75 million cult members & giving him a +5 for the less-vocal wannabes...330,730,000 🇺🇸s (-) 80,000,000 👻 = 🚀🚀🚀🚀🚀
Let's see if he gets the double standard treatment again.
cliveboyce77 Good for him! I hope he sees a lot of success. I'll invest in him.
SPAC 'industry'. Laughs of the day.😂
United States of Racial Quotas and Preferences, new US Cabinet position will need work definition.
Name? I want shares.
What ppl fail to realize is that if you hire more then 12% black ppl, 20% Mexican. The US composition. You are doing the same thing you accuse others off. But even chasing these exact numbers could be discrimination as who says every group desire the same thing. Idiocy all around
Diversity is just another word for black racism?
His social justice when he was raised by a white family. Piece of 💩
Is this a joke? 😂😂😂😂
👍 👍 👍👍
Love this.
Hard pass.
🤨🤨🤨
Soon, one may no longer “take” a knee without paying for it.
sure its for profit
I heard Pee Wee Herman planning on doing a Spac! 🤣🤣🤣
How much would they have to pay you to buy stock in a scam?
Another opportunity for us to pump and dump this, especially when the merger is a success the company being merged will instantly regret it.
he's really cashed in on this whole social justice thing.
What a joke.
I know I suppose to be typing something about his significant contribution, but he is hella handsome man. I lost track of my thought looking at his picture.
If this isn’t the peak of things ha! Down hill from here
What is the company going to be listed as in the market?
TOP
Are we at the top yet?
And another perfect example of social justice is about the money not the cause.. I'm a rich kid with nothing better to do than protest
Where is he getting his money? KapCrap
Social justice capitalism lol what a joke
Can ColinKaepernick make a comeback in 2021? You bet your ASS!
the only diversity Kaepernick7 cares about his how many different kinds of people he can trick into selling sneakers to.
Colin SPACernick
Who is this?
👏🏾👏🏾👏🏾👏🏾👏🏾AWESOME yeah Colin doesn’t need NFL he’s bigger than that, now he can hold the NFL accountable!👍🏾👍🏾👍🏾✊🏾✊🏾✊🏾✊🏾
REPARATIONS AND RESTITUTION FOR ALL AFRICAN DESCENDANTS OF SLAVERY IS LONG OVER DUE! The U.S. GOVERNMENT, tech companies, pharmaceutical companies, banks, universities, SPORTS LEAGUES, WALMART, STARBUCKS, private prisons, cannabis businesses,... need to pay it.
Hey Colin...how's that football career goin? Keep kneeling and ull keep losing things u luv. Do a mill man march or raise your fist with a little black glove but dont kneel during the country's most sacred song just for optics. If I were ur parents I'd disown u. Stay of wall st!
No thank you....nothing but an unthankful cry baby
I hate what the NFL did to Kaepernick7 but I always felt like we was destined for far greater achievements in this world than what could be accomplished on the football field by ANYONE! Thanks for making the world a better place Kaepernick7 and waking us up to BLM issues TOO!
he isn't an activist; he is a terrorist. There is no social racism, ask Leo Terrell. Leo IS an upstanding black man; kap, terrorist and hateful vile man.
The NYJSM social determinant of health literacy platform concept might make for a nice fit with your SPAC vision Kaepernick7, thanks for considering.
And he’d never hire one single white person. So essentially it’s like the Super Bowl. What was allowed was disgusting but hey, that’s what libtards want
ViethRosemarie I just love his quiet, graceful activism.
👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼
Yes, it is noble to fight faux systemic racism by forming a board via a racist selection process.
WSG A Great PERSON. Sincerely Shellie GARY. Always Pray.
Cool
Lots of us are with you Colin! GO For It! 👍👍👌❤️
Bravo!!
REMARKABLE_Kaepernick
Adversity can have exponential positive results! Go Colin.Kaepernick7
Disgusting
Let’s go Kaep! How do we contribute?
I'm so very proud of you Kaepernick7 through it all they did not break you. Their wickedness did the opposite it propels you HIGHER! 👍🏾👍🏾👍🏾👍🏾👍🏾🥰🥰🥰🥰
👍👍👍❣️
So, he's busy!!!!🙌🙌😊💞
Good for him! 👏👏👏 Social justice is infinitely more important that professional sports. He has turned all of the negative attention he got for kneeling into action to create real change. 👍
He was becnched for Blaine grabbert before his bullshit injustice knee. He was trash, he’d fallen off. Look up Blaine grabbert. He did this for money! Good job by him and his agent, much props
A cultural marxist investment proposition: what could go wrong? 😂😂😂
Dude is a puppet. Hes not even that good. In the last two years. All people have shown is how easy it is for television to sway your opinions. Liv YOUR life dont live life thru others unplug
THANKS--WSJ--FOR SPOT LIGHTING Colin Kaepernick's move to bring HIS CAUSES to the public! I WILL CERTAINLY SEEK his company out--SO I CAN SUPPORT HIM!!
😂😂😂😂
' I admire skateboarders' - De grass ganja tyson? ha. true story
have yet to see a skatepark w. his name.. sure could use one with cover from son .. lot 11 miami too far and too hoop jump through to get in' online thanks to gop'covid. broward though.. imho tamarac concrete should have a playground cover yep. BRING ON THE PARKS!!! f corp.
Sorry he had to give up his first love, but that first love would have scrambled his brains eventually. He’s really better off. Good for him.
Thank you Colin. At first I misunderstood your message but now I see what you meant.
TeriDiperna Kap is being treated like a modern day Ali. History will be kind to him.
Another SPAC
I hate NIGGERS
All about the $
Fighting against 400 years of Institutional racism, also known as systemic racism.. You want more syrup on your pancakes?🚫🇺🇲
Love how his presence upsets certain type of people. Brilliant. More power to him.
KLE1967 He could just vote
goodpillow
Good career choice... he wasn’t a good player anyway
husseyblizzard2 Bravo Colin
Garbage
Is this the jumping of the shark or is that when Bernie does a SPAC?
Mr. Kaepernick is a true hero. He is truly a wonderful person and an amazing role model.
I will not watch NFL again.
The irony is strong. Well done.
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The best thing to happen to Kap was Trump. He proved his point for him.
Patriot hero and good person. Thank you kaepernick
He really has alot of heart!
Those people can never settle for what they have
Sympathy job. Poor, poor kaperdick
Waste of a career. Chose the politics over sports. I think he could have been a great QB, possibly TB stuff. But that’s the price you pay for the easy way out. Nope so long because you will be forgotten.
😂😂😂 is he going to donate the 20% founder shares to charitable causes?
Best place for Canadians to buy crypto
Now young man, this is your calling. Sometimes what we want, is not what God wants for us. It’s confusing, I know.👍🏾
When it fails he will blame his illusory 'racism', claimed to be everywhere in America, yet impossible to see. Quite unlike his suck at QB which was easy to see for everyone, except his wokie ass kissers.
Awesome!
Mutherfuckers on here downing this man because he took a knee in a football game but cheer on cult members breaking into the Capitol building, beating police with the same flag that you say Kap. disrespected. The same people sending Trump they hard earned money to put in his bank
This is what they are afraid of, social & financial changes for BLK people.
👍🏾
He is destined for something more important than football.
Smells worse than 3 day old sushi
He's a tool.
What does this even mean
Idiot!!
Colin Kaepernick will be very successful with this. Rich people near and far are supporting Kaepernick these dsys.
They’re teaching diversity while the board is 100% black indigenous or people of color. Seems they’re not so diverse in the first place.
Yes!!
The nfl was just a stepping stone for him to do greater things. He exposed their continued racism & bigotry. Tom brady can endorse a known racist liar, who incited an Insurrection, crickets from the nfl, yet Kaepernick7 knelt for injustices, he's fired & called unpatriotic.
Booming SPAC industry. Whatever the hell that means.
Spac?
how to be a black role model 101 🕊
This is definitely a sign to sell everything very soon!
🤦🏻♂️
A true PATRIOT WE salute you Colin
Wow the fundamentals sound solid.
If this makes adds a SINGLE thing positive to society, I’ll eat a Nike shoe.
While these celebrities out here asking for a plea deal from Presidents that benefits African Americans Kaep out here putting his money where his mouth is and making his contributions OUR gains. So much respect this story is HUGE!!!
Hero
This man is a national treasure
Best of luck. But as a QB Kaepernick7 never had it —could not get past 1st read. Could have been a great TE/H-Back. Definitely a great athlete—just not QB tools... he knows it.
He would be cooler in 89. That’s the source of his anger
How do I short this?
I need to be able to like this more than just once.
$DUMB
Time to buy dogecoin 🚀🚀🚀🚀
Anyone know the Sales/Woke ratio for this company ?
Good for him. The NFL should kiss his ass. They owe him so much. How about a job? Wait he’s too smart for that now. I’m rooting for him right now BlackLivesStillMatter
🙄
In other news, Jussie Smollett is announcing a SPAC that focuses on an alternative to Clorox Bleach
Not a very diverse board
😂
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🩸SPAC BUBBLE CONFIRMED🩸
He will still probably get benched
Wow! I am thinking about starting a SPAC!
Kudos to Colin.
Looking forward to it going belly up.
Great thing abt an opinion, it's like an ASSHOLE; everyone has 1 and it don't means SHIT! Good for Kaepernick
No ring
He needs to buy a team. Only way he’ll ever play.
Someone give me a ticker and I'm throwing the kitchen sink at it...zero chance this goes anything but up in today's climate
LOL
Total horse shit from a fool.
No one is buying...
F Kaepernick
The market can stay irrational longer than we can stay solvent.
Who cares
Every schmack wants a blank-check, what za frack?
MrZackMorris DipDeity
Yawn
Bet it tanks
Wow
_MDifran I’ll need you to walk me through this in the morning.
ok its a bubble
wow
How to tell the SPAC bubble is about to burst for $500, Alex.
lol
Ok we might be in a bubble ...