If you thought the SPAC market wasn’t hot enough, news broke this morning that Bill Ackman’s Pershing Square Capital Management is apparently working on a $1 billion plus SPAC IPO. ...READ MORE
Nebula Acqusition Corp. (NEBU), announced via 8-K this evening that their business combination with Open Lending was approved by shareholders. At the vote, 10,997,246 shares opted to redeem, which is about 40% of NEBU’s public SPAC shares. ...READ MORE
This afternoon, Schultze Special Purpose Acquisition Corp. (SAMA), announced that shareholders have approved moving their deadline to September 30, 2020, with only 7,500 shareholders voting against. Additionally, Schultze Special Purpose also revealed that only 34,868 shares opted to redeem, but unfortunately did not state what the actual redemption price was. ...READ MORE
Fusion Acquisition Corp. (FUSE.U), filed for a $250 million IPO last night, and will be focused on companies with an enterprise value of approximately $750 million to $3 billion and with a particular emphasis on companies in the FinTech sector. ...READ MORE
Hudson Executive Investment Corp. (HECCU), announced the pricing of their upsized $360 million SPAC IPO this morning and the units are expected to begin trading today, Tuesday, June 9th, under the symbol Nasdaq: HECCU. ...READ MORE
This afternoon, Forum Merger II Corp. (FMCI), announced the results of their shareholder vote to extend their deadline to September 30, 2020, and no one’s surprise, Forum II did not have any shares redeem. ...READ MORE
This morning, Nebula Acquisition Corp.’s (NEBU), announced a few changes to their proposed warrant amendment and specifically, the condition to closing in regards to the warrant amendment passing by a majority in order to close their business combination with Open Lending LLC. ...READ MORE
This morning, we had another “teaser” ahead of an extension vote. This time, it was for Opes Acquisition Corp. (OPES), which announced that it has signed a non-binding Letter of Intent with BurgerFi International, a fast-casual “better burger” concept with nearly 125 corporate-owned and franchise locations across 23 states domestically and two countries internationally. ...READ MORE
This morning, HL Acquisitions Corp. (HCCH), announced a new combination with Fusion Welcome-Fuel SA, a clean energy company that has developed a proprietary technology and process for producing green hydrogen using concentrated photovoltaics. ...READ MORE
The rumors were true….Collier Creek Holdings (CCH) announced this morning that they have entered into a definitive agreement to combine with Utz Quality Foods, LLC, to create Utz Brands, Inc. ...READ MORE
ARYA Sciences Acquisition Corp. II (ARYBU), announced the pricing of their $130 million IPO last night and the units are expected to begin trading today, Friday, June 5th, under the symbol Nasdaq: ARYBU
While the Company may pursue an initial business combination target in any business or industry, it intends to focus on the healthcare industry in the United States and other developed countries. ...READ MORE
Mountain Crest Acquisition Corp. (MCACU), announced the pricing of their $50 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, June 5th, under the symbol Nasdaq: MCACU. ...READ MORE
Yesterday, Proficient Alpha Acquisition Corp. (PAAC), held a double vote to approve both their business combination with Lion Fiancial Group Limited, and to extend their deadline so they could complete all the necessary paperwork. ...READ MORE
Leisure Acquisition Corp. (LACQ), filed a new proxy this morning for a June 23rd extension vote that would move their completion deadline to December 1, 2020, a full five months away. ...READ MORE
VectoIQ Acqusition Corp. (VTIQ), which closed today at $31.37, announced this afternoon that shareholders have approved their combination with Nikola Motors. Unsurprisingly, only 1,874 shareholders voted against the combination. Although, you have to wonder why those shareholders voted “no” with a share price already trading in the thirties. ...READ MORE
We have another teaser….this morning, Schultze Special Purpose Acquisition Corp. (SAMA), announced ahead of their forthcoming deadline extension vote that they have signed a non-binding LOI with Clever Leaves, a multi-national cannabis operator. ...READ MORE
Mudrick Capital Acquisition Corp. (MUDS), released the results of their shareholder vote this morning to complete their business combination with Hycroft Mining Corporation, and as expected, this combination was approved. Unfortunately, the most important information, the redemption results, were not included in the filing. ...READ MORE
On May 22nd, Longevity Acquisition Corp. (LOAC), held their shareholder vote to extend their completion deadline to November 30th, and while LOAC was offering $0.025 per month (for six months) as contribution to trust, redemptions were, once again, on the heavy side. ...READ MORE
This morning, DraftKings (DKNG), which recently combined with Diamond Eagle Acquisition Corp., announced they will be redeeming all of their public warrants that remain outstanding at 5:00 p.m. New York City time on June 26, 2020 (the “Redemption Date”) and are requiring a cash exercise. ...READ MORE
Yesterday, Megalith Financial Acquisition Corp. (MFAC), held their shareholder vote to extend their completion deadline to August 28th, and while the extension was approved, redemptions were on the heavy side. ...READ MORE