This morning, Gores Holdings III, Inc. (GRSH), announced their third SPAC combination with PAE, a portfolio company of Platinum Equity. PAE is a provider of outsourced solutions and mission-critical services to the U.S. ...READ MORE
FinServ Acquisition Corp. (FSRVU), announced the pricing of their upsized $220 million SPAC IPO this evening. FinServ’s units are expected to begin trading Friday, November 1st, under the symbol Nasdaq: FSRVU. ...READ MORE
Osprey Technology Acquisition Corp. (SFTW.U), announced the pricing of their upsized $275 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, November 1st, under the symbol NYSE: SFTW.U. ...READ MORE
KBL Merger Corp. IV (KBLM), filed a preliminary proxy this afternoon proposing to extend their current completion deadline of December 9, 2019 to April 9, 2020. KBLM announced they had signed a definitive agreement with CannBioRx, back on July 26, 2019, three months ago, but this new extension will give them an additional four months to close their combination. ...READ MORE
Pivotal Acquisition Corp. (PVT), put out a press release this morning announcing it has entered into an amendment to its definitive agreement with KLDiscovery (“KLD”), moving the outside date to consummate the proposed merger from October 31, 2019 to November 6, 2019. ...READ MORE
Greenland Acquisition Corp. (GLAC), now Greenland Technologies Holding Corp. (GTEC), filed an 8-K this afternoon and included in the filed document was information regarding redemptions at their recent shareholder vote. Specifically, at Greenland’s vote to complete their combination with Zongchai Holdings, 3,794,057 Ordinary Shares were redeemed for $39,303,238 or, $10.359 per Share. ...READ MORE
Well, this is timely….we’ve had another “deal leak” tonight, right on the heels of the Churchill II/Univision leak, but this time, it’s Diamond Eagle (DEAC) and DraftKings. Per the article posted tonight on Bloomberg, DraftKings Inc., ...READ MORE
In no particular order, the below is a summary of this morning’s SPAC news.
TPG Pace Holdings Corp. (TPGH), filed their final proxy and set their shareholder vote to complete their business combination with Accel Entertainment, Inc. ...READ MORE
Mosaic Acquisition Corp. (MOSC), the $345 million SPAC proposing to combine with Vivint Smart Home, Inc. (“Vivint”), filed a new preliminary proxy/S-4 today with an important change. Specifically, the previous Maximum Redemption Condition that no fewer than 10,350,000 shares redeem at closing can now be waived by Vivint. ...READ MORE
Early this morning, Social Capital Hedosophia Acquisition Corp., now Virgin Galactic (SPCE), filed an 8-K, post-closing of their combination. It’s was a big filing with no less than 16 exhibits included, but if you scrolled to the bottom of the 8-K, there is a link to the unaudited pro forma financial information. ...READ MORE
Leisure Acquisition Corp. (LACQ), as expected, filed a definitive proxy this evening setting their extension vote date for Novmber 26, 2019. Leisure is asking for four additional months to complete a business combination, which would move their deadline date to April 5, 2020. ...READ MORE
Friday evening, we had a second SPAC file for IPO with the $125 million Software Acquisition Group Inc. (SAQNU). SAQNU will be led by Jonathan Huberman, who was previously Chief Executive Officer of Ooyala (“Ooyala”), a provider of media workflow automation, delivery and monetization solutions. ...READ MORE
On Friday, Amplitude Healthcare Acquisition Corp. (AMHCU), filed for a $100 million SPAC focused on the healthcare sector. Amplitude is being sponsored by Metalmark Capital and by Avego Healthcare Capital, two leading investment firms with a focus on the healthcare industry, and will be led by Howard Hoffen, as Chairman, and Bala Venkataraman, as CEO. ...READ MORE
In no particular order, the below is a summary of Friday’s SPAC news.
Sentinel Energy Services, Inc. (STNL) filed a definitive proxy this evening for their extension vote to be held on November 6, 2019. ...READ MORE
Greenland Acquisition Corp. (GLAC), recently announced that its shareholders have approved their business combination with Zhongchai Holding (Hong Kong) Limited, a developer and manufacturer of traditional transmission products for material handling machineries. ...READ MORE
Late this afternoon, Social Capital Hedosophia Acquisition Corp. (IPOA), released the details of their shareholder vote to approve their business combination with Virgin Galactic and the results were, for the most part, as expected. ...READ MORE
Chardan Healthcare Acquisition Corp. (CHAC), recently announced that its shareholders have approved their business combination with BiomX Ltd. (“BiomX”), a microbiome company developing both natural and engineered phage therapies. More than 97% of the shares voted today were voted in favor of the proposed transaction with BiomX. ...READ MORE
Early this morning, Legacy Acquisition Corp. (LGC), released the details of their shareholder vote to approve their new extension deadline and 100% of the shares that voted, voted “Yes”. Additionally, only 694,820 shares elected to redeem. ...READ MORE
Last night, we had another new IPO filing with GreenVision Acquisition Corp., a $50 million life sciences/healthcare focused SPAC that will be looking for companies primarily in China, but in Asia and North America as well. ...READ MORE
Greenland Acquisition Corp. (GLAC) filed an 8-K this evening announcing the termination of $5 million of their $6 million PIPE/Backstop agreement. ...READ MORE