TPG Pace Holdings Files to Extend to December 31st
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 Evening Update: CIC, IPOA, SBE.U
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.
CAPITAL INVESTMENT CORP. IV
Capitol Investment Corp IV, which recently closed their transaction with Nesco, filed some additional documentation this morning. ...READ MORE
Silver Spike Acquisition Corp. Files $250 Million Cannabis SPAC
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
Black Ridge (BRAC) Gets a Third $5M Backstop
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
Capitol Investment Corp. IV (CIC) Releases Shareholder Vote Info
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
Rolling Thunder…Thunder Bridge Acquisition II Debuts $300 Million SPAC
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. to Adjourn July 22nd Vote
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: Chardan Healthcare to Combine with BiomX Ltd.
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
Clairvest Files Suit to Block TPG Pace Holdings Merger
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. to Combine with BiomX Ltd.
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
Fellazo Inc. Re-Files and Changes Terms
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
NetFin Acquisition Corp. Files for a $220M IPO
Well this is a pleasant surprise. We had yet another new SPAC file to IPO last night, but this one has a FULL warrant.
Bucking the trend of half, third and even quarter warrants, NetFin Acquisition Corp. ...READ MORE
Capitol Investment Corp. IV (CIC) & Nesco Amend Merger Agreement
Capitol Investment Corp. IV (CIC) and Nesco filed a prospectus supplement this morning revealing a newly amended merger agreement reducing the consideration to be issued to Nesco and canceling an additional number of the Sponsor’s founder shares. ...READ MORE
Thunder Bridge (TBRG) Announces Approval of Combination
This afternoon, Thunder Bridge Acquisition Corp. (TBRG), announced the approval of their business combination with Repay Holdings. and the results of their shareholder vote.
Unfortunately, all we have so far are the vote counts, but hopefully we will be given additional information on the number of redemptions and the actual redemption price in a forthcoming press release or new filing. ...READ MORE
8i Entreprises Acquisition Corp. to Combine with Diginex Ltd.
8i Enterprises Acquisition Corp. (JFK) announced this morning the execution of a share exchange agreement with Diginex Limited, a global blockchain financial services and technology company headquartered in Hong Kong. Upon completion of the transaction, Diginex is anticipated to have an initial enterprise value of approximately $276 million. ...READ MORE
Follow-up: What is the Impact of Nasdaq’s Approved Rule Changes?
As promised, Carol Anne Huff, from Kirkland & Ellis, is back again with a follow-up post on the recently accelerated approval of the Nasdaq’s proposed rule changes and the potential impact to the SPAC universe. ...READ MORE
Black Ridge Acquisition Corp. (BRAC) Releases Extension Vote Info
This afternoon, Black Ridge Acquisition Corp. (BRAC), released the details of their shareholder vote to approve their new extension deadline from July 10th to August 10th.
Per the 8-K, 9,246,727 shares of the Company’s common stock elected to redeem at a per-share price of $10.29. ...READ MORE
Social Capital Hedosophia to Combine with Branson’s Virgin Galactic
Social Capital Hedosophia Holdings Corp. (IPOA) just radioed Major Tom this morning to tell him he “really made the grade”. If you haven’t heard yet, IPOA announced this morning that they have signed a definitive agreement with Richard Branson’s Virgin Galactic (“VG”), to combine and create the first publicly traded company dedicated to human spaceflight. ...READ MORE
ALERT: SEC Approves NASDAQ’s Proposed Rule Changes on an Expedited Basis
This is big deal….on Friday, July 5th, the SEC granted accelerated approval of the Nasdaq’s proposed rule change to their listing standards and this could significantly impact post-combination SPACs with low floats going forward. ...READ MORE
Black Ridge Acquisition Corp. Sets New Date for Combination Vote
Black Ridge Acquisition Corp. (BRAC) filed a new 8-K this morning, alerting shareholders that it has set a new date for their shareholder vote to complete their combination with Allied Esports. ...READ MORE