Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon, today is Tuesday, August 19th, and I'm your host, Kim Khan.

Our top story so far. The SPAT King is back, for better or worse.

Venture cab lists Chamath Polyapitia has filed to list a spack worth $250 million

under the name of American Exceptionalism Acquisition Corp. It is expected that the proceeds from the

initial public offering will be used to finance the acquisition of companies in energy production,

artificial intelligence, cryptocurrencies, and defense. The price for share for the IPO is expected

to be $10, and the firm will be listed on the NYSE. Unlike other IPOs or special purpose acquisition

companies, investors in this offering will not receive any warrants, the company said. Polyapitia

is returning to the SPAC game after several notable failures in Virgin Galactic, Open Door

Technology, and Clover Health, although SO-Fi Technologies has been a notable winner.

He also wound down a couple of SPACs and returned capital to investors.

Unlike my private portfolios, which hold many companies and thereby provide diversification,

American Exceptualism Acquisition Corporation A will be an investment

vehicle into a single operating company. Consequently, we believe that this investment is more

suitable for institutional investors, and retail investors should approach with caution, if at all,

Polyapitia said. Among active stocks today, Home Depot said revenue rose 4.8% year-over-year to $45.3 billion during the

company's second quarter. Comparable sales increased 1% to miss the consensus expectation for an

increase of 1.4%. Comparable customer transactions fell 0.4% year-over year, while comparable average

ticket for customers was up 1.4%.

CFO Richard McPhail said in an interview that consumers are increasingly taking on small

projects and, quote, we are seeing larger projects remain on hold as rates remain elevated and

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