Longview Acquisition Corp. (LGVW.U), filed for a $300 million SPAC IPO Friday evening, in what has been a bumper crop month for SPAC IPOs. Longview, which will be focusing on acquisition targets in a broad range of industries, will be sponsored by Glenview Capital Management, the investment firm run by Larry Robbins, who will also be this SPAC’s Chairman. ...READ MORE
The Covid-19 lock down makes every day feeling like Groundhog Day, and today is no exception. That’s because Pure Acquisition Corp. (PACQ), which announced a combination with HighPeak Energy Inc., ...READ MORE
Collective Growth Corp. (CGROU), announced the pricing of their $150 million SPAC IPO this evening and the units are expected to begin trading, tomorrow, Friday, May 1st, under the symbol NASDAQ: CGROU. ...READ MORE
Since many of the IPOs we’re now seeing come to market were initially filed “pre-Covid” and the teams have had to adjust their terms “post-Covid”, I thought it would be helpful to provide a summary of the changes (so far) in an effort to better track the trends. ...READ MORE
Fortress Value Acquisition Corp. (FVAC.U), announced the pricing of their $300 million SPAC IPO this afternoon and the units are expected to begin trading tomorrow, Thursday, April 30th, under the symbol NYSE: FVAC.U. ...READ MORE
Novus Capital Corp. (NOVSU), filed for a $100 million SPAC IPO last night, but it seems this deal’s terms are from another era. An era that existed pre-Covid and the economy was still humming and every SPAC team could command generous terms. ...READ MORE
Jaws Acquisition Corp., the debut SPAC from Barry Sternlicht, filed to IPO last night, signaling to everyone that we’re going to need a bigger boat. As has been the trend, this is another SPAC with mass, weighing in at $400 million, but there is always the potential for an upsize and a full over-allotment. ...READ MORE
B. Riley Principal Merger Corp. II (BMRG.U), filed their follow-up $200 million SPAC last Thursday, April 23rd, in a week that officially marked that SPACs were back in business. Once the IPO machine gets cranking, it hits top speed pretty quickly, so expect to see more deals get filed shortly. However, ...READ MORE
Social Capital Hedosophia Holdings Corp. II (IPOB.U), announced the pricing of their upsized $360 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Tuesday, April 28th, under the symbol NYSE: IPOB.U. ...READ MORE
Pure Acquisition Corp. (PACQ), announced this afternoon, in an expected move, that it had terminated its transaction with HighPeak Energy. The decision was mutual and is effective as of April 24, 2020. ...READ MORE
CC Neuberger Principal Holdings I (PCPL.U), announced the pricing of their upsized $360 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, April 24th, under the symbol NYSE: PCPL.U. ...READ MORE
Chardan Healthcare Acquisition 2 Corp. (CHAQ.U), announced the pricing of their $85 million SPAC IPO this evening and the units are expected to begin trading, tomorrow, Friday, April 24th, under the symbol NYSE: CHAQ.U. ...READ MORE
Diamond Eagle Acquisition Corp. (DEAC), just released an 8-K detailing the results of their shareholder vote to combine with DraftKings and SBTech, and naturally, this combination was overwhelmingly approved. However, even though DEAC has been trading in the $17.00 range, there were still a few redemptions. ...READ MORE
Leo Holdings Corp. (LHC), announced today that they have signed a definitive business combination agreement with Digital Media Solutions Holdings, LLC (“DMS”). The Business Combination will introduce DMS to the equity capital markets as a publicly listed company with a total enterprise value of $757 million or 13.2x the Company’s fiscal year 2020 expected Adjusted EBITDA of $57 million and 10.0x the Company’s fiscal year 2021 expected Adjusted EBITDA of $75 million. ...READ MORE
Social Capital Hedosophia Holdings Corp. III (IPOC.U), announced the pricing of their upsized $720 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, April 22nd, under the symbol NYSE: IPOC.U. ...READ MORE
Well, well, well…..looks like Social Capital Hedosophia, will beat Chardan Healthcare 2 to the punch by being the first IPO out the door post-Covid lockdown. Social Capital Hedosophia intends to price the larger of their two deals tonight (IPOC.U), ...READ MORE
Legacy Acquisition Corp. (LGC), announced this morning that they intend to adjourn their shareholder vote to combine with Blue Impact, originally scheduled to be held this Thursday, April 23rd. The new date will be Monday, May 18, 2020, while keeping the record date of March 20, 2020. ...READ MORE
It seems Alberton will NOT be providing an additional $60,000 per month contribution. Rather, it’s in lieu of the original $0.02 per month contribution. This changes things considerably….
So now it’s back to game theory again. ...READ MORE
This afternoon, Graf Industrial Corp. (GRAF), released the details of their shareholder vote, held today, to approve moving their previously extended deadline from April 16, 2020, to July 31, 2020.
Per the 8-K, 12,921,275 public shares exercised their right to redeem at a price of approximately $10.23 per share and as a result, roughly $132.2 million was removed from the trust account, or about 53%. ...READ MORE
As expected, Diamond Eagle Acquisition Corp. (DEAC), announced this evening that they had adjourned their previously scheduled shareholder vote to combine with DraftKings and SBTech, originally scheduled to be held today, to April 23rd. ...READ MORE