Carol Anne Huff, from Kirkland & Ellis, is back, once again, to help provide some much needed clarity on the recent Nasdaq rule changes that are set to go into effect starting next Monday, August 5th. ...READ MORE
New Frontier Corp. (NFC), announced this morning that they have entered into a definitive agreement to acquire United Family Health (“UFH”), an integrated premium private healthcare operator in China, to create one of China’s largest publicly listed integrated healthcare services company. ...READ MORE
In the least surprising news of the the week (so far), Modern Media Acquisition Corp. (MMDM), filed a new Preliminary Proxy/F-4 this morning and included within it was the news of an intended PIPE financing to be done at $8.00. ...READ MORE
Pensare Aquisition Corp. (WRLS) announced this morning that they intend to adjourn today’s extension vote. Instead, the vote will be held tomorrow, July 31st, at which, shareholders will be asked to approve a four-month extension of their deadline to December 1, 2019. ...READ MORE
Leo Holdings Corp. (LHC), and Queso Holdings, Inc., the parent company of CEC Entertainment, Inc. (Chuck E. Cheese), announced this morning that they have mutually terminated their business combination agreement. ...READ MORE
Early this afternoon, Gordon Pointe Acquisition Corp. (GPAQ), released the details of their shareholder vote to approve their extension deadline to October 31, 2019, from July 30, 2019. As a result, the Company’s Sponsor will be contributing $0.10 to the trust account for each public share that was not redeemed. ...READ MORE
In very surprising news, Switchback Energy (SBE.U), the $300 million energy SPAC, underwritten by Goldman Sachs, Citigroup and Credit Suisse, opened today at $9.95. ...READ MORE
KBL Merger Corp. IV (KBLM), announced this morning that they have now signed a definitive agreement with CannBioRx Life Sciences Corp. (“CannBioRx”), with which they had previously announced an LOI agreement. ...READ MORE
Ahead of Pensare’s scheduled July 30th extension vote, Pensare Acquisition Corp. (WRLS), announced this morning that they have entered into a definitive agreement to combine with Stratos Management Systems, Inc. ...READ MORE
TPG Pace Holdings (TPGH), in a somewhat early move, filed a preliminary proxy this morning for an new extension vote to move their deadline from September 30, 2019 to December 31, 2019. ...READ MORE
Monday evenings are typically heavy on filings, so in the interest of time, a short summary of the most important news has been provided below.
Capitol Investment Corp IV, which recently closed their transaction with Nesco, filed some additional documentation this morning. ...READ MORE
On Friday evening, Silver Spike Acquisition Corp. (SSPKU), filed for a $250 million IPO focused on the Cannabis sector. Scott Gordon, who is the founder and Chief Executive Officer of Silver Spike Capital, a newly formed investment platform dedicated to the cannabis industry, will be leading Silver Spike (the SPAC) as CEO and Chairman. ...READ MORE
As expected, Black Ridge Acquisition Corp. (BRAC), is still busy rounding up backstops ahead of the closing of their business combination with Allied Esports. To that end, BRAC announced this morning that they have entered into a Share Purchase Agreement for another $5 million. ...READ MORE
This morning, Capitol Investment Corp. IV (CIC), released the details of their shareholder vote to approve their combination with Nesco Holdings. However, once again, no details on redemption counts, or at what price, were provided. ...READ MORE
If the closing of the first Thunder Bridge was the crack of lightning, tonight we got the thunder… Earlier this evening, we had the debut of Thunder Bridge Acquisition II, Ltd. ...READ MORE
Black Ridge Acquisition Corp. (BRAC) just announced they are postponing their shareholder vote date. The original meeting date was scheduled for June 28th, but was then moved to July 22nd, after their one-month extension vote was held on July 9th. ...READ MORE
UPDATE: After having a chance to go through the documents that were filed this morning, additional information has been included below in blue. This appears to be a highly negotiated transaction given the number of stipulated conditions and requirements. ...READ MORE
Last night, in the ongoing drama between Accel Entertainment and their minority shareholder, Clairvest, Clairvest put out a press release stating that they have filed a lawsuit to block Accel Entertainment’s merger with TPG Pace Holdings (TPGH). ...READ MORE
Chardan Healthcare Acquisition Corp. (CHAC) announced this evening that it has entered into a business combination agreement with BiomX Ltd. (“BiomX”). BiomX is a preclinical stage microbiome company developing both natural and engineered phage cocktails designed to target and destroy bacteria that affect the appearance of skin, as well as harmful bacteria in chronic diseases, such as IBD, PSC, and cancer. ...READ MORE
Today, Fellazo Inc. (FLLCU) refiled their prospectus and changed the terms of their IPO. Notably, they have now added a right (1/10) and changed their previous FULL warrant to one warrant for 1/2 share. ...READ MORE