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
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
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), 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
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, 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
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), 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), 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 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
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
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
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
A quick update on today’s announcement from Brooge Holdings Ltd./Twelve Seas (BROG), that they intend to pay a $0.25 per share quarterly dividend. It’s become standard for more recent SPACs to include anti-dilution provisions for warrant holders in the event of a dividend issuance. ...READ MORE
Brooge Holdings Ltd., the intended acquisition of Twelve Seas Investment Company (BROG), announced this morning that they intend to pay a $0.25 per share quarterly dividend to their public shareholders following the consummation of the business combination, with the first dividend to be paid in the first quarter of 2020. ...READ MORE
Software Acquisition Group Inc. (SAQNU), announced the pricing of their up-sized $130 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, November 20th, under the symbol NASDAQ: SAQNU. ...READ MORE
Amplitude Healthcare Acquisition Corp. (AMHCU), announced the pricing of their $100 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, November 20th, under the symbol Nasdaq: AMHCU. ...READ MORE
GreenVision Acquisition Corp. (GRNVU), announced the pricing of their $50 million SPAC IPO this evening. GreenVision’s units are expected to begin trading, tomorrow, Tuesday, November 19th, under the symbol Nasdaq: GRNVU. ...READ MORE
Ahead of GreenVision Acquisition Corp.’s (GRNVU) anticipated IPO pricing tonight, below is a short summary of Monday’s notable evening news.
Early this afternoon, Opes Acquisition Corp. (OPES), released the details of their shareholder vote to approve their extension deadline from November 15, 2019 to December 16, 2019, or January 15, 2020 if they extend an additional 30 days further. ...READ MORE
As most everyone already knows by now, TKK Symphony (TKKS) announced earlier that it would be extending the expiration of it’s tender offer. The tender offer was expected to expire tonight (at one minute past 11:59PM), but will now expire at 5:00 p.m. ...READ MORE