Last night, the GigCapital team filed for their third SPAC with the $200 million GigCapital3, Inc. (GIK.U). Gig3 will be focusing on the technology, media and telecom sectors and will once again be led by Avi S. ...READ MORE
About three weeks ago, when it looked like we might be able to get away with the Coronavirus being contained to just China, it was theorized here that the effect would primarily only be felt by the announced SPAC deals. ...READ MORE
Carol Anne Huff, is back again with a timely look at registration statements. Specifically, the registration statements that are used by de-SPAC’d companies to register shares post-combination close, including the shares underlying the public warrants. ...READ MORE
Tonight’s notable news below.
We had SPAC #14 file to IPO tonight with the $200 million DFP Healthcare Acquisitions Corp., ...READ MORE
dMY Technology Group, Inc. (DMYT.U), announced the pricing of their $200 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, February 21st, under the symbol NYSE: DMYT.U. ...READ MORE
This afternoon, Pure Acquisition Corp. (PACQ), released the results of today’s shareholder vote to approve their new extension deadline from February 21st, 2020 to May 21, 2020, and as expected, the extension was approved. ...READ MORE
Tiberius Acquisition Corp. (TIBR), recently announced that it had made a few changes surrounding it’s business combination agreement with International General Insurance Holdings Limited (“IGI”). In particular, TIBR announced that it had entered into another warrant purchase agreement with a holder of Tiberius’ outstanding public warrants. ...READ MORE
East Stone Acquisition Corp. (ESSCU), announced the pricing of their upsized $120 million SPAC IPO this evening and the units are expected to begin trading, tomorrow, Thursday, February 20th, under the symbol Nasdaq: ESSCU. ...READ MORE
Early this afternoon, Tenzing Acquisition Corp. (TZAC), released the details of their shareholder vote to approve moving their extension deadline from February, 2020 to May 26, 2020, or June 23, 2020, if they need to extend an additional 30 days further. ...READ MORE
Remember how B. Riley Principal Merger Corp. released their redemption results two days early, ahead of the actual vote? (see original post below) Well, turns out there’s a reason most SPACs do not publish this number before all is said and done. ...READ MORE
Boxwood Merger Corp. (BWMC), filed a press release late Friday evening, announcing they had completed their business combination with Atlas Intermediate Holdings LLC (“Atlas”), a provider of mission-critical technical services that help its public and private sector clients test, inspect, certify, plan, design and manage a wide variety of projects across the transportation, commercial, industrial, government, education and other nonresidential markets. ...READ MORE
Very late Friday night (and technically Saturday morning, since it was after midnight), TKK Symphony Acquisition Corp. (TKKS), announced the closing of their business combination with Glory Star New Media Group Limited. ...READ MORE
Today’s $1.0 billion IPO of Churchill Capital Corp. III (CCXX.U) is stunning for a number of reasons, but if investors need further evidence of a rapidly changing SPAC landscape…look no further. ...READ MORE
[Revised]
Churchill Capital Corp. III (CCXX.U), announced the pricing this morning of their upsized $1 billion SPAC IPO, and it has already begun trading today, Friday, February 14th, under the symbol NYSE: CCXX.U. ...READ MORE
Newborn Acquisition Corp. (NBACU), announced the pricing of their $50 million SPAC IPO this morning and the units are expected to begin trading today, Friday, February 14th, under the symbol Nasdaq: NBACU. ...READ MORE
TKK Symphony Acquisition Corporation (TKKS), which announced last night that they would be further extending the expiration of its tender offer for a seventh time, also announced that if they were not able to close their combination with Glory Star New Media by February 20th, they would be issuing a dividend of one warrant to purchase one-half of one ordinary share to outstanding shareholders as of Februrary 21, 2020. ...READ MORE
Yunhong International (ZGYHU), announced the pricing of their upsized $60 million SPAC IPO this evening and the units are expected to begin trading, today, Thursday, February 13th, under the symbol Nasdaq: ZGYHU. ...READ MORE
If you need further evidence of a hot, hot SPAC market, tonight Churchill Capital Corp. III, which only has a 1/4 warrant included in it’s unit and can remove $1.0 million per year of interest for working capital, STILL managed to upsize their offering by $200 million. ...READ MORE
Act II Global Acquisition Corp. (ACTT), announced today that it has entered into a private placement transaction, at a $10.00 per share “benchmark“, with a consortium of investors and accounts led by institutional investor Baron Small Cap Fund for gross proceeds of $75 million. ...READ MORE
TKK Symphony Acquisition Corporation (TKKS) announced this evening that it would be extending the expiration of its tender offer to purchase up to 25,000,000 shares at a purchase price of $10.28 (plus accrued interest) for a SEVENTH time. ...READ MORE