◆ Contrarian Corpus
Campaigns / Spruce Point Capital → Clear Secure, Inc.
Spruce Point Capital vs. Clear Secure, Inc.

Clear Secure, Inc. · YOU

1 deck published between 2025-04-30 and 2025-04-30 — 85 pages, 85 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2025-04-30 initial thesis

    2025 04 68122385ab41240cac165a95_you_research_thesis_4 30 2025

    85pp · full_deck

    Spruce Point is short Clear Secure (YOU): TSA Digital ID and weakening airline partnerships are eroding CLEAR's value prop while accounting red flags and a CAO from Ubiquiti suggest 30-50% downside.