Proficient Alpha Acquisition Corp. (PAAC), announced this morning that they have entered into a definitive business combination agreement with Lion Financial Group Limited, a British Virgin Islands corporation (“Lion”) and Hong Kong-based diversified financial services company, in a transaction valued at approximately $125 million. ...READ MORE
DFP Healthcare Acquisitions Corp. (DFPHU), the Deerfield Management sponsored SPAC, announced the pricing of their $200 million IPO this evening and the units are expected to begin trading tomorrow, Wednesday, March 11th, under the symbol Nasdaq: DFPHU. ...READ MORE
Chardan Healthcare Acquisition 2 Corp. (CHAQ.U), filed for an $85 million IPO on Monday morning, focusing once again on healthcare companies in North America. Additionally, the Chardan Capital Markets-backed SPAC will once again be led by senior members of the bank’s management team. ...READ MORE
CC Neuberger Principal Holdings I (PCPL.U), made a surprise filing Friday evening for a $300 million IPO. CC Neuberger is being co-sponsored by Chinh Chu’s CC Capital and Neuberger Berman’s Opportunistic Capital Solutions Master Fund LP (“NBOKS”). ...READ MORE
Fortress Value Acquisition Corp. (FVAC.U), filed for a $300 million IPO on Friday evening, continuing the trend of big-name, 1/4 warrants SPACs coming to market in 2020. Fortress Value will have a broad focus, but will look to acquire a business that could “benefit from a hands-on owner with extensive investment and operational expertise. ...READ MORE
The folks over at Nasdaq are holding a webinar this morning, at 1:00 PM, regarding SPAC listing qualifications. ...READ MORE
The stock market may have taken a beating this week, but SPACs just keeping pumping out 1/4 warrant deals.
Read below for a short summary of the latest two new IPOs that were filed tonight. ...READ MORE
LifeSci Acquisition Corp. (LSACU), announced the pricing of their upsized $60 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, March 6th, under the symbol Nasdaq: LSACU. ...READ MORE
Flying Eagle Acquisition Corp. (FEAC.U), announced the pricing of their upsized $600 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, March 6th, under the symbol NYSE: FEAC.U. ...READ MORE
ChaSerg Technology Acquisition Corp. (CTAC), filed an 8-K this morning detailing the results of their recent shareholder vote to approve their business combination with Grid Dynamics International, Inc., an engineering IT services company known for transformative, mission-critical cloud solutions for retail, finance and technology sectors. ...READ MORE
Fellazo, Inc. (FLLC), which had previously arranged a Sponsor Transfer Agreement with TKK Capital, unfortunately announced this evening that they have been de-listed from the Nasdaq. Following suspension of trading on Nasdaq, the Company’s units, ordinary shares, warrants and rights will trade on the OTC Markets under the tickers “FLLCU,” “FLLC,” “FLLCW” and “FLLCR,” respectively, effective at the open of business on March 5, 2020. ...READ MORE
The folks over at Nasdaq are holding a webinar on Monday morning, at 10:00 AM, regarding SPAC listing qualifications. Specifically, Nasdaq’s Legal and Regulatory team will be discussing current SPAC trends, updates on listing qualification rules that apply to SPACs, and resources for SPAC issuers and sponsors. ...READ MORE
Alta Equipment, (ALTG), the combined company of B. Riley Principal Merger Corp., announced a stock repurchase plan today for up to $10 million of its currently outstanding shares. Additionally, Alta also announced that they have established a Rule 10b5-1 trading plan. ...READ MORE
Roth CH Acquisition I Co. (ROCHU), filed for a $75 SPAC IPO this morning, marking the fifth SPAC to file within the past three days proving that the SPAC pipeline is still healthy, even if everything else is catching Corona fever. ...READ MORE
VectoIQ Acquisition Corp. (VTIQ), announced this morning that they have entered into a definitive agreement to create a company focused on the development of next generation smart transportation. ...READ MORE
Monday morning, we had yet another new IPO filing with Live Oak Acquisition Corp. (LOAK.U), a $200 million SPAC focused on companies in the financial services, industrial, business services, and real estate sectors. ...READ MORE
HL Acquisitions Corp. (HCCH), which is currently working towards closing their combination with Chi Energie (Singapore) PTE Ltd., held their shareholder vote today to extend their completion deadline four months from March 2, 2020 to July 2, 2020. ...READ MORE
This morning, Collective Growth Corp. (CGROU), filed for a new $150 million SPAC focused on the Cannabinoid sector. This team will be led by Bruce Linton, as Chairman and CEO, having previously founded and served as Chairman and CEO of Canopy Growth (NYSE: CGC), a diversified cannabis, hemp and cannabis device company. Additionally, ...READ MORE
On Friday evening, we got the equivalent of a Double Double burger, from the Social Capital Hedosophia team with not one, but two new IPOs. Those filings are the aptly named Social Capital Hedosopia II (“SCH2”), which is a $300 million SPAC focused on technology companies IN the U.S., ...READ MORE
In an otherwise gloomy day of non-stop Coronavirus news and market oscillation, we did have the Friday gift of not one, but TWO new IPO filings from Social Capital Hedosophia. ...READ MORE