This afternoon, Repay Holdings Corporation (Nasdaq: RPAY), which was the combination company of Thunder Bridge Acquisition Corp., announced they will be redeeming all of their public warrants that remain outstanding at 5:00 p.m. ...READ MORE
Fusion Acquisition Corp. (FUSE.U), announced the pricing of their upsized $305 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, June 26th, under the symbol NYSE: FUSE.U ...READ MORE
Act II Global Acquisition Corp. (ACTT), which held their shareholder vote yesterday to complete their business combination with Merisant Company and MAFCO Worldwide LLC, collectively (“Flavors Holdings”), announced that their combination has been approved through a press release this morning. ...READ MORE
Today, we had an electrifying mid-day surprise from B. Riley Principal Merger Corp. II (BMRG), which announced that it had signed a Letter of Intent with Eos Energy Storage, an established provider of long-duration energy storage focused on providing a domestic solution to a global need: low-cost, safe, and environmentally friendly energy storage. ...READ MORE
Brilliant Acquisition Corporation (BRLIU), announced the pricing of their $40 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, June 24th, under the symbol NASDAQ: BRLIU
Brilliant Acquisition Corporation intends to focus on companies with primary operations in the Asia-Pacific region with an enterprise value between $200 to $300 million. ...READ MORE
Yesterday, eyes grew wide all over SPAC Land when Bill Ackman finally filed his expected SPAC IPO, Pershing Square Tontine Holdings, Ltd., (PSTH.U). Previously, it was rumored that the Pershing Square SPAC would come in at around $1.5 billion. ...READ MORE
Earlier today, Bill Ackman and Pershing Square filed for the largest ever SPAC with the $3.0 billion Pershing Square Tontine Holdings Ltd. (PSTH.U).
I guess size does matter, because Ackman didn’t just nudge past Churchill Capital III’s highwater mark of $1.1 billion, but blew right past it and threw in a couple of massive forward purchases for good measure. ...READ MORE
On Friday, Greencity Acquisition Corporation (GRCYU) filed for their $40 million IPO. They will be focused on the Asian middle-market, with emphasis on finding one or more companies between $150 to $250 million of total enterprise value. ...READ MORE
Yesterday, June 18th, Opes Acquisition Corp. (OPES), held their shareholder vote to extend the SPAC’s maturity date by three months from June 18th to September 16th, giving them more time to close their intended transaction with BurgerFi. ...READ MORE
This morning, Far Point Acquisition Corp. (FPAC) finally filed a new preliminary proxy for a shareholder vote for their intended combination with Global Blue. However, “intended” is a funny word and it no longer really applies since the FPAC board is still recommending shareholders vote against this transaction. ...READ MORE
KBL Merger Corp. IV (KBLM), filed a preliminary proxy this afternoon proposing to extend their current completion deadline another four months from July 9, 2020 to November 9, 2020. For reference, KBLM originally announced they had signed a definitive agreement with CannBioRx, back on July 26, 2019, almost a year ago. ...READ MORE
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Passcode: GatewaySPAC2020! ...READ MORE
It was announced today that the “white shoe” law firm of White & Case LLP, has entered the SPAC business by bringing on a new team of lawyers from Winston & Strawn. ...READ MORE
If you haven’t previously registered, don’t forget to sign up to participate in the Gateway Investors Relations/SPACInsider SPAC Webinar, to be held today, June 17th. ...READ MORE
Trebia Acquisition Corp. (TREB.U), announced the pricing of their upsized $450 million SPAC IPO tonight and the units are expected to begin trading tomorrow, Wednesday, June 17th, under the symbol NYSE: TREB.U ...READ MORE
Last week, PTK Acquisition Corp. (PTK.U) filed for a $100 million IPO. The focus of this first time SPAC will be “businesses operating in the United States in the high-tech industry”. ...READ MORE
ACT II Global Acquisition Corp. (ACTT), which was scheduled to hold their general shareholder vote and special warrant holder vote today to complete their combination with Flavors Holdings Inc. and subsidiaries Merisant Company and MAFCO Worldwide LLC, announced this morning that they have adjourned their meeting and rescheduled for Wednesday, June 24th, to allow for more time to solicit additional proxies from its shareholders and public warrant holders. ...READ MORE
GS Acquisition Holdings Corp. II (GSAH.U), filed for a $700 million IPO yesterday evening as a follow up to their first SPAC, which combined with Vertiv Holdings Co. (VRT). Vertiv was a successful combination and currently trading around $13.95, so can this team repeat their prior success? ...READ MORE
Forum Merger Corp. II (FMCI), announced this morning that they have signed a definitive business combination agreement with Ittella International, a plant-based food company with a broad portfolio of products available both in private label and the Company’s “Tattooed Chef” brand. ...READ MORE
Capstar Special Purpose Acquisition Corp. (CPSR.U), filed for a $200 million IPO this morning, and while Capstar Partners, a PE firm based in Austin Texas is the sponsor, PIMCO, the global investment management firm is part of the sponsor group as well. ...READ MORE