Gores Holdings IV, Inc. Files for $400M SPAC IPO
Late yesterday evening, we had an early stocking stuffer with the IPO filing of Gores Holdings IV, a $400 million, 1/4 warrant SPAC. So does this mean we’ve been naughty or nice? ...READ MORE
New Table Added to the Database: Vote Redemptions
For subscribers that have a Database Subscription, a new table has been added and you can now find it under the main SPACs tab: Vote Redemptions.
On the new page you will find a detailed table showing each SPAC’s redemptions at all of the extension votes as well as the completed vote. ...READ MORE
Regalwood Global Energy (RWGE) Announces Liquidation
Regalwood Global Energy Ltd. (RWGE), announced this afternoon that it will be redeeming all of its outstanding Class A ordinary shares, effective as of December 16, 2019. Net of taxes and dissolution expenses, the per-share redemption price for the public shares is expected to be approximately $10.37. ...READ MORE
Leisure Acquisition Corp. Releases Extension Vote Info
LEISURE ACQUISITION CORP. (LACQ)
This afternoon, Leisure Acquisition Corp. (LACQ), released the details of their shareholder vote to approve extending their deadline four months from December 5, 2019 to April 5, 2020. ...READ MORE
TKK Symphony (TKKS) Extends Tender Offer Again
TKK Symphony Acquisition Corporation (TKKS) today announced that it would be further extending the expiration of its tender offer to purchase up to 25,000,000 shares at a purchase price of $10.26. ...READ MORE
More Leaks…This Time, It’s GS Acquisition Holdings (GSAH) & Vertiv
We’ve had another SPAC combo leak today, this time it’s regarding the $690 million GS Acquisition Holdings (GSAH) and Vertiv, a portfolio company of Platinum Equity.
Does Platinum Equity ring a bell? ...READ MORE
Legacy Acquisition Corp. (LGC) Announces Intention to Tender Warrants
Warrant Tender Offer
Early this morning, Legacy Acquisition Corp. (LGC), filed a number of new documents, including a new preliminary proxy for their combination vote and a new presentation. However, also filed was an 8-K that announced Legacy will pursue the possibility of effecting a tender offer for all its outstanding warrants post-business combination close. ...READ MORE
Pure Acquisition Corp. Announces Combination
Pure Acquisition Corp. (PACQ), announced this morning that it has entered into a Business Combination Agreement with HighPeak Energy, Inc., and a Contribution Agreement with Grenadier Energy Partners II, LLC (“Grenadier”). ...READ MORE
Managing SPAC Risk from Start to Finish
Andrew Pendergast, from Marsh, is back again to help further explain a SPAC team’s insurance needs. This time, he’ll walk us through what teams should be considering from pre-bid diligence all the way through post-combination closing. ...READ MORE
Healthcare Merger Corp. Files $200M SPAC
Yesterday afternoon, Healthcare Merger Corp. (HCCOU), filed their $200 million SPAC, focusing on businesses in the healthcare industry and will be sponsored by MTS Health Partners, L.P., or MTS, an Investment Banking firm focused exclusively on the healthcare sector. ...READ MORE
Alussa Energy Acquisition Corp. (ALUS.U) Prices Upsized $250M IPO
Alussa Energy Acquisition Corp. (ALUS.U), announced the pricing of their upsized $250 million SPAC IPO this evening. Alussa’s units are expected to begin trading, tomorrow, Tuesday, November 26th, under the symbol NYSE: ALUS.U. ...READ MORE
CIIG Merger Corp. Files $225M SPAC
This morning, CIIG Merger Corp. (CIICU), filed their $225 million SPAC for IPO, focusing on business in the technology, media and telecommunications (“TMT”) industries and will be led by F. Peter Cuneo, as CEO and Chairman. ...READ MORE
GigCapital Releases Shareholder Vote & Tender Offer Info
GigCapital, Inc., (KLR), released the results this morning of their recent shareholder vote and rights tender offer. 10,594,629 shares voted in favor of GigCapital’s combination with Kaleyra S.p.A., out of the company’s total 11,636,542 shares of common stock, representing 98.1% of the total shares voted. ...READ MORE
After the Closing Bell: BRPA Vote Results, LOAC & STNL
The week’s not over yet…read below for this afternoon’s notable SPAC filings news.
BIG ROCK PARTNERS ACQUISITION CORP. (BRPA)
This afternoon, Big Rock Partners Acquisition Corp. (BRPA), released the details of their shareholder vote to approve their new extension deadline from November 22, 2019 to March 23, 2020. ...READ MORE
CHP Merger Corp. (CHPMU) Prices Up-Sized $275M SPAC IPO
CHP Merger Corp. (CHPMU), announced the pricing of their up-sized $275 million SPAC IPO last night and the units are expected to begin trading this morning, Friday, November 22nd, under the symbol Nasdaq: CHPMU. ...READ MORE
PropTech Acquisition Corp. (PTACU) Prices $150M SPAC IPO
PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. PropTech’s units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. ...READ MORE
Trinity/Broadmark Realty Release Shareholder Vote Info
And it was pretty good…
Trinity Merger Corp., which recently announced the closing of their business combination with Broadmark Realty Capital Inc. (BRMK), filed additional documents yesterday, via an 8-K. ...READ MORE
LIV Capital Acquisition Corp. Files $60M SPAC
Yesterday evening, LIV Capital Acquisition Corp. (LIVKU), filed their $60 million SPAC, which will be focused on companies located primarily in Mexico. This SPAC will be sponsored by LIV Capital Group, a Mexican private equity firm founded in 2006, and will be led by Alexander Rossi, as Chairman and CEO. ...READ MORE
Amplitude Healthcare Breaks $10.00 on First Day of Trading
Why did Amplitude Healthcare break $10.00 on Day-One?
As previously mentioned in the SPACInsider newsletter two week ago, the fourth quarter is an especially tough time for Day-One SPAC IPO share prices, particularly in the months of November and December. ...READ MORE
UPDATED: Brooge’s (BROG) $0.25 Quarterly Dividend & Anti-Dilution for Warrant Holders
UPDATED:
CONFIRMED – The warrant strike will, in fact, be adjusted down $0.50 per year. Additionally, the reason for the dividend is because new investors who recently purchased BROG shares ahead of their upcoming vote (most likely responsible for the recent volume in the share), indicated they will not redeem if the company announces a $1.00 yearly dividend. ...READ MORE