Big Rock Partners (BRPA) Releases Extension Vote Info

Early this afternoon, Big Rock Partners Acquisition Corp. (BRPA), released the details of their shareholder vote to approve their extension deadline to November 22, 2019, from August 22, 2019.  As a result, the Company’s Sponsor will be contributing $0.02 to the trust account per month for each public share that was not redeemed, or $78,666.80

Per the 8-K, 846,888 shares of the Company’s common stock elected to redeem, which resulted in approximately $8.9 million (at an estimated $10.49 per share) being removed from the Trust Account. ...READ MORE

Legacy Acquisition Corp. (LGC) to Combine with Blue Impact

Legacy Acquisition Corp. (LGC), announced this morning that it has entered into a definitive share exchange agreement with the Blue Impact group business — a digital-first, global advertising and marketing services group (the “Blue Impact business”), a subsidiary of Blue Focus Intelligent Communications Group (“BFICG”),  LLC. ...READ MORE

GigCapital (GIG) Announces De-SPACing Process

And a possible clean-up of the Rights.

GigCapital, Inc. (GIG) announced earlier this afternoon that it had begun its “de-SPACing” process via a press release and then later, an 8-K filing.  ...READ MORE

Apex Technology Acquisition Corp. Files $275 Million Software/Tech SPAC

Early this afternoon, Apex Technology Acquisition Corp. filed for a $275 million software/technology focused SPAC, ending the late-summer IPO drought.  If you recall, the last SPAC to file for IPO was Silver Spike, which debuted more than three weeks ago on July 22nd.  ...READ MORE

Trinity Merger Corp.’s Warrant Amendment Proposal

Trinity Merger Corp. (TMCX), announced their combination with Broadmark on Monday, and also included in the filed documents was a proposed amendment to the warrant agreement.  However, how the way the language was worded was very confusing. ...READ MORE

Legacy Acquisition Corp. (LGC) Files for an Extension

Legacy Acquisition Corp. (LGC), the $300 million consumer-focused SPAC led by Edwin Rigaud, filed a preliminary proxy this morning with a proposal to extend their deadline from November 21, 2019 to January 21, 2020. ...READ MORE

Boxwood Merger Corp. (BWMC) to Combine with Atlas Intermediate

Boxwood Merger Corp. (BWMC), announced this morning that they have entered into a definitive agreement with Atlas Intermediate Holdings LLC (“Atlas”), a provider of professional testing, inspection, engineering and consulting services. ...READ MORE

UPDATED: Trinity Merger Corp. (TMCX) Announces Merger with Broadmark

UPDATED: ALL UPDATES BELOW ARE NOTED IN BLUE FONT

Trinity Merger Corp. (TMCX), announced this morning that they have entered into a definitive merger agreement with the Broadmark real estate lending companies and management companies (“Broadmark”),  to create an internally-managed, mortgage real estate investment trust (“REIT”) with an expected equity value of $1.5 billion. ...READ MORE

Trinity Merger Corp. (TMCX) Announces Merger with Broadmark

Trinity Merger Corp. (TMCX), announced this morning that they have entered into a definitive merger agreement with the Broadmark real estate lending companies and management companies (“Broadmark”),  to create an internally-managed, mortgage real estate investment trust (“REIT”) with an expected equity value of $1.5 billion. ...READ MORE

Evercore Gets in the SPAC Game: Hires Neil Shah

Neil Shah says, “miss me”?  Because, Terminator-style, he’s back.

Just when you think things might be starting to quiet down, we get a news release announcing another shakeup in the SPAC landscape.  ...READ MORE

Friday Happy Hour Update: CCC, CNAC, BRPA and GIX

It’s a Summer Friday, so we’re starting the Happiest of Hours a little early.

It’s Happy Hour somewhere, but for New York, it’s still a little on the early side, so maybe let’s go with a boozy Friday lunch and see what it turns into to.  ...READ MORE

SPACs & Falling Interest Rates…What to Anticipate Going Forward

As has been previously discussed, SPACs are having a helluva year.  2019 has already seen 37 SPACs price their IPOs raising $8.7 billion in gross proceeds, which is a 35% increase over 2018 during the same time period.  ...READ MORE

Silver Spike Acquisition Corp. Goes to 18-Months

This morning, Silver Spike Acquisition Corp. (SSPKU), the $250 million cannabis-focused SPAC, filed a new amended S-1.  The only material change noted is the duration was adjusted down from 24 months to 18 months.  ...READ MORE

Pensare (WRLS) Releases Extension Vote Info

This afternoon, Pensare Aquisition Corp. (WRLS), finally released the details of their shareholder vote to approve extending their deadline from August 1, 2019 to December 1, 2019.  As expected, it was a nearly complete redemption of the trust account. ...READ MORE

Black Ridge (BRAC) Makes Additional Changes Ahead of its Vote

Black Ridge Acquisition Corp. (BRAC), issued a proxy supplement this morning, ahead of its shareholder vote this coming Friday, August 9th.  Contained within that supplement were some additional changes to the merger agreement, but the good news is, Black Ridge also announced that “…it may explore effectuating amendments to its outstanding warrants following the closing of the business combination to make them more attractive to holders“.  ...READ MORE

Gordon Pointe Releases Additional Info on Agreement with HOF Village

It’s time to play “Monday Morning Quarterback”

Gordon Pointe Acquisition Corp. (GPAQ). announced late last Thursday evening that it had entered into a non-binding Agreement in Principle to merge with an affiliate of HOF Village, LLC (“The Hall of Fame Village”, “HOFV”), a sports, entertainment and media company founded by the Pro Football Hall of Fame.  ...READ MORE

UPDATED: DD3 Acquisition Corp. (DDMX) Announces Combination with Betterware

UPDATED: (see below)

DD3 Acquisition Corp. (DDMX), announced this morning that they have entered into a definitive agreement to merge with Betterware de Mexico (“Betterware”), a direct-to-consumer selling company in Mexico, focused on the home solutions and organization segment.  ...READ MORE

DD3 Acquisition Corp. (DDMX) Announces Combination with Betterware

DD3 Acquisition Corp. (DDMX), announced this morning that they have entered into a definitive agreement to merge with Betterware de Mexico (“Betterware”), a direct-to-consumer selling company in Mexico, focused on the home solutions and organization segment.  ...READ MORE

Gordon Pointe (GPAQ) Announces “Agreement in Principle”

Are you ready for some football?

Note:  Only a press release was provided tonight, but additional presentation materials are noted in the release to be forthcoming (presumably tomorrow). As such, the below is a short excerpt with additional analysis to be provided once the slides are filed. ...READ MORE

Capitol Investment Corp. IV & Nesco Holdings Close Merger

Capitol Investment Corp. IV (CIC) and Nesco Holdings I, Inc. (“Nesco”), a  provider of specialty rental equipment to the electric utility, telecom and rail end-markets, announced today the closing of their merger. ...READ MORE