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
Trident Acquisitions Corp. (TDAC), filed a preliminary proxy this morning to extend their completion deadline a full six months from December 1, 2019, to May 29, 2020. The vote will be held on November 26th, with a Record Date of October 31st, but there’s a big asterisk here…
First up, Trident will not be contributing any additional funds to trust to extend. ...READ MORE
Friday evening, we had SPAC #51 for the year file for IPO with Juniper Industrial Holdings, Inc. (JIH.U), a $300 million SPAC focused on the industrial sector. Juniper will be led by by Roger Fradin, as Chairman and CEO, and Brian Cook, as CFO and Director. ...READ MORE
Greenland Acquisition Corp. (GLAC), announced today that they had adjourned their shareholder vote to complete their combination with Zongchai Holdings. The new shareholder vote date will be on Thursday, October 24th. ...READ MORE
Union Acquisition Corp. II (LATNU), announced the pricing of their $175 million SPAC IPO this evening. Union II’s units are expected to begin trading tomorrow, Friday, October 18th, under the symbol NASDAQ: LATNU. ...READ MORE
Galileo Acquisition Corp. (GLEO.U), announced the pricing of their upsized $120 million SPAC IPO this evening. Galileo’s units are expected to begin trading tomorrow, Friday, October 18th, under the symbol NYSE: GLEO.U. ...READ MORE
A quick note on TKK Symphony (TKKS) and this morning’s announcement of their Tender Offer since there seems to be some confusion out there around why TKKS is not doing a standard shareholder vote and redemption. ...READ MORE
This afternoon, Pure Acquisition Corp. (PACQ), released the results of its warrant tender offer and warrant holders overwhelmingly said, “Nah. Let’s wait.”
Of Pure’s 20,700,000 outstanding Public Warrants, only 248,000 opted to Tender for $1.00 per Warrant, or just 1.2%. ...READ MORE
In no particular order, the below is a round-up of current SPAC news. ...READ MORE
This afternoon, Pure Acquisition Corp. (PACQ), released the results of their shareholder vote to approve their new extension deadline from October 17th, 2019 to February 17, 2020, however there wasn’t a lot of detail included in the 8-K. ...READ MORE
Chardan Healthcare Acquisition Corp. (CHAC) filed an 8-K on Friday evening announcing a number of amendments to their merger agreement with BiomX Ltd. The details, of which, are the following:
Late Friday evening, we had a second SPAC file for IPO with FinServ Acquisition Corp. (FSRVU). FinServ is a $200 million financial services and fintech-focused SPAC being led by Lee Einbinder, who is the former Vice Chairman of Barclays. ...READ MORE