The Memorial Day weekend slow down has already begun and tomorrow should extremely quiet, if not dead. However, a few items of note before everyone fires up the grill and starts working on their tans…
This afternoon, Big Rock Partners Acquisition Corp. (BRPA), released the details of their shareholder vote to approve their extension deadline to August 22, 2019, from May 22, 2019. Big Rock has extended twice now, for $0.10 for each 3-month extension, however, this time around they will be extending for $0.02 per month for the next three months, or an aggregate of $95,604.50 each month. ...READ MORE
This morning, we had another new SPAC filing with the addition of Fellazo Inc. (FLLCU), a $50 million SPAC IPO focused on health food and supplements in Asia. Fellazo will be led by Nicholas Ting Lun Wong, who is currently a director of Shanghai Linxin Food and Beverage Management Ltd. ...READ MORE
**THIS POST HAS BEEN UPDATED (SCROLL TO THE BOTTOM)**
Pivotal Acquisition Corp. (PVT), announced Monday evening that they have entered into a definitive agreement to merge with KLDiscovery (“KLD”). KLD is a global provider of electronic discovery and information governance services to Fortune 500 companies with an enterprise value of approximately $800 million. ...READ MORE
Monday night, the Haymaker team filed for their second SPAC with the $300 million Haymaker Acquisition Corp. II (HYACU). “HYAC II” will be seeking to capitalize on their recent success with the OneSpaWorld deal, by once again focusing on consumer products and services, which plays to their background and strengths. ...READ MORE
Pivotal Acquisition Corp. (PVT), announced Monday evening that they have entered into a definitive agreement to merge with KLDiscovery (“KLD”). KLD is a global provider of electronic discovery and information governance services to Fortune 500 companies with an enterprise value of approximately $800 million. ...READ MORE
Gx Acquisition Corp. (GXGXU), announced the pricing of their $250 million SPAC IPO this evening and the units are expected to begin trading tomorrow, May 21st, under the symbol Nasdaq: GXGXU. ...READ MORE
Pensare Acquisition Corp. (WRLS), and U.S TelePacific Holdings Corp. dba TPx Communications (“TPx”), announced this evening that they have agreed to mutually terminate their Business Combination Agreement.
No further information was given, but Pensare did state that they intend to continue to pursue a business combination. ...READ MORE
KBL Merger Corp. IV (KBLM), filed a definitive proxy this morning for their upcoming shareholder vote to extend their termination date another six months. However, KBLM has further amended the proxy to now reflect a $0.0225 per month contribution for shareholders who do not redeem. ...READ MORE
GigCapital, Inc. (GIG) announced this afternoon that the Sponsor and Founders have agreed to contribute $240,000 to GigCapital’s Trust account for each calendar month that is needed to complete their business combination with Kaleyra. ...READ MORE
One Madison Corp. (OMAD), in anticipation of their upcoming shareholder vote to approve their combination with Ranpak Corporation (“Ranpak”), announced that they have arranged an additional $20 million PIPE and included new earn-out provisions for the Founder Shares held by the Sponsors and the Anchor Investors (affiliates of The Blackstone Group L.P.). ...READ MORE
This morning, Bison Capital Acquisition Corp. (BCAC), announced that it has closed its business combination with Xynomic Pharmaceuticals, Inc. (“Xynomic”). BCAC will be changing its name to Xynomic Pharmaceuticals Holdings, Inc. ...READ MORE
AGBA Acquisition Ltd. (AGBAU), announced the pricing of their $40 million SPAC IPO this morning and the units are expected to begin trading today under the symbol Nasdaq: AGBAU.
AGBA Acquisition Ltd, which will be focusing on businesses in China, will be led by Gordon Lee, as Chief Executive Officer, and Vera Tan, as Chief Financial Officer. ...READ MORE
KBL Merger Corp. IV (KBLM), released details this morning on their previously announced non-binding term sheet ahead of their June 5th extension vote. KBLM’s LOI with with CannBioRx Life Sciences Corp. ...READ MORE
This afternoon, Churchill Capital Corp. (CCC), released the details of their shareholder vote to approve their merger with Clarivate Analytics, and it’s pretty much what you would expect – a landslide. ...READ MORE
This morning, Churchill Capital Corp. (CCC), announced the closing of its merger with Clarivate Analytics. Details of the shareholder vote are yet to be filed, but it is anticipated that Clarivate will begin trading on the NYSE tomorrow, May 14, 2019, under the symbols CCC and CCC WS, for the Share and Warrant, respectively. ...READ MORE
Last night, the GigCapital team filed for their second SPAC with the $130 million GigCapital2, Inc. (GIX.U). Gig2 will be focusing on the technology, media and telecom sectors and will once again be led by Avi S. ...READ MORE
Diamond Eagle Acquisition Corp. (DEACU), just began trading in a surprise mid-day pricing of their $350 million SPAC IPO. The units are currently trading under the symbol Nasdaq: DEACU. However, there is no press release (as of yet). ...READ MORE
Health Sciences Acquisition Corporation (HSACU), announced the pricing of their $100 million SPAC IPO tonight and the units are expected to begin trading tomorrow, May 10th, under the symbol Nasdaq: HSACU.
Additionally, the underwriters have announced that they have fully exercised the over-allotment option to purchase an additional 1,500,000 units. ...READ MORE
We had a HEAVY amount of filings tonight and in the interest of providing information on all the SPACs involved, a brief summary has been provided on each below. Additionally, a more thorough post on the new SPAC – GigCapital2 – will be provided in a later post. ...READ MORE