MTech Acquisition Corp. Blazes up a $7.0M PIPE

MTech Acquisition Corp. (MTEC), announced today that they have arranged a $7 million PIPE in anticipation of their upcoming shareholder vote to approve their business combination with MJ Freeway LLC.  As part of the transaction, 685,599 shares of Class A common stock will be issued in the private placement at $10.21 per share, however, MTech also stated they may issue up to an additional 799,907 shares of Class A Common Stock in subsequent transactions.  ...READ MORE

GigCapital2 Makes a Surprise Upsize and Prices $150M IPO

GigCapital2, Inc. (GIX.U), after a few pricing delays and a last minute change in terms, announced this morning that not only have they priced their IPO, but they also managed to upsize a full $20 million to $150.0 million in gross proceeds raised.  ...READ MORE

GigCapital (GIG) Releases Shareholder Vote Info

This morning, GigCapital, Inc. (GIG), released the details of their shareholder vote to approve their extension deadline to December 12, 2019, from June 12, 2019. As a result, the Sponsor and Founders will be contributing $240,000 to GigCapital’s Trust account for each calendar month that is needed to complete their business combination with Kaleyra. ...READ MORE

Why is Marketing a SPAC’s Acquisition So Important?

I had a recent conversation about this topic with a buy side investor that came about because we were both sort of lamenting the marketing efforts of some SPACS at the de-SPACing phase.  ...READ MORE

Gordon Pointe (GPAC) Announces Extension Vote & Contribution to Trust

Gordon Pointe Acquisition Corp. (GPAQ) announced this afternoon that they need an additional three-months time to complete their acquisition, and as such, they will be offering $0.10 per share to trust for every share not redeemed at their extension vote.  ...READ MORE

Pensare (WRLS) Announces Reduction in Contribution to Trust

Friday evening filings are always the most interesting…

Pensare Aquisition Corp. (WRLS) announced this afternoon that the Company’s sponsor will reduce its contributions to the trust account  so that the total monthly payment will be no greater than $200,000. ...READ MORE

GigCapital2, Inc. Adds Some Sugar to Sweeten their IPO

This afternoon, GigCapital2 (GIX.U), the second SPAC effort led by Avi Katz, re-filed their S-1 and amended their terms ahead of their expected IPO pricing next week.  Gig2, which is a $130 million TMT focused SPAC, has now added a Right to its Unit and reduced it’s life from 21 months to 18. ...READ MORE

Constellation Alpha Announces Agreement with DermTech and $20M PIPE at $3.25

Yes, you read that right….$3.25 per share

Constellation Alpha Capital Corp. (CNAC) announced this afternoon that they have signed a definitive agreement with DermTech Inc., a molecular genomics company with an initial focus on skin cancer. ...READ MORE

Proficient Alpha Acquisition Corp. Prices $100M SPAC

Proficient Alpha Acquisition Corp. (PAACU), announced the pricing of their $100 million SPAC IPO this evening and the units are expected to begin trading tomorrow, May 29th, under the symbol Nasdaq: PAACU. ...READ MORE

One Madison Corp. (OMAD) Releases Shareholder Vote Info

This morning, One Madison Corp. (OMAD), released the details of their shareholder vote to approve their merger with Ranpak Corporation., and while the combination was strongly approved, there were a significant amount of redemptions. ...READ MORE

Holiday Weekend Links and Reads

If you’re still stuck in the office ahead of the Holiday Weekend, below is a list of interesting links/reads to help pass the time between now and the 4PM closing bell. ...READ MORE

TPG Pace Holdings Corp. Announces an LOI

And gets to extend three months to September 30, 2019

TPG Pace Holdings Corp. (TPGH), announced this morning that they had entered into a “non-binding letter of intent” with a private company. ...READ MORE

Updates: Proficient Alpha, One Madison, & Memorial Day

Ahead of Memorial Day Weekend….

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…

Proficient Alpha Acquisition Corp.

Big Rock Partners Acquisition Corp Releases Shareholder Vote Info

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

Fellazo Inc. Files for $50M SPAC IPO

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

UPDATED: Pivotal Announces Combination with KLDiscovery

**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

Haymaker Acquisition Corp. II files for a $300M SPAC IPO

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 Announces Combination with KLDiscovery

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. Prices $250M SPAC

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