Pivotal Acquisition Corp. (PVT.U), is now expected to price their $200 million SPAC tonight, rather than tomorrow, January 31st. The delaying amendments have created all sorts of confusion regarding getting effective in 20 days, but it turns out that it’s NOT 20 days starting the day after you file, but rather, you need to include the actual day you file without the delaying amendment. ...READ MORE
Monocle Acquisition Corporation (MNCL), re-filed their S-1 this morning and while there were no changes to the terms, they did remove the language indicating that the registration statement would become effective automatically in 20 days. ...READ MORE
Andina Acquisition Corp. III (ANDAU), the $100 million SPAC focusing on companies in the Americas, announced the pricing of their IPO Monday evening, while also gaining the title of the first SPAC (and IPO) of 2019. ...READ MORE
Modern Media Acquisition Corp. (MMDM), announced early this afternoon that they have signed a definitive merger agreement to combine with Akazoo Ltd, a global digital music streaming platform based in the United Kingdom. ...READ MORE
Andina Acquisition Corp. III (ANDAU), which filed their last registration amendment on January 4th, with an anticipated pricing date of January 24th (20 days later), is now rumored to be pricing on Monday, January 28th, instead. ...READ MORE
Monocle Acquisition Corporation (MNCL), re-filed their S-1 this afternoon, however, there were no changes to their terms. The new fIling appears to be for the purposes of re-starting the 20-day clock since, once again, the delaying amendment has been removed. ...READ MORE
Thunder Bridge Acquisition Ltd. (TBRG), announced this morning that they have signed a definitive merger agreement with REPAY Holdings, for an implied enterprise value at closing of $653 million. ...READ MORE
This morning, DiamondPeak Holdings Corp. (DPHCU) filed for a $250 million SPAC IPO focused on the real estate sector. DiamondPeak will be led by David Hamamoto, the former founder of the Northstar Companies, which was sold to Colony Capital (NYSE: CLNY) in January of 2017. ...READ MORE
For lack of a better way to describe the SPACs we currently have on file to IPO, we’re going to call this group the “Government Shutdown SPACs.” This is due to the fact that six of the seven have had to remove their delaying amendments just so they can price in this crazy situation where the SEC has been furloughed indefinitely. ...READ MORE
Pensare Acquisition Corp. (WRLS), announced this evening that the company has agreed to contribute to its trust, $0.033 per month for each share that is not redeemed in connection with their stockholder vote to extend their completion deadline. ...READ MORE
This afternoon, RMG Acquisition Corp. (RMG.U), filed a new registration statement with both the removal of the delaying amendment and two Anchor Investors in the form of BlackRock, Inc. and Alta Investment Advisers LLC. ...READ MORE
(1/15/19)
This morning, Churchill Capital held a conference call and webcast to discuss their recently announced merger with Clarivate Analytics. ...READ MORE
GTY Technology released an 8-K this morning outlining recent changes to their merger agreement with one of their six targets (eCivis) as well an amendment to the underwriting agreement with Citigroup. ...READ MORE
Union Acquisition Corporation (LTN), announced this morning their intent to make purchases of up to $3 million of Union’s shares, rights and/or warrants in the open market. The actual number of shares, rights and/or warrants which will be purchased, and the timing of such purchases, will be determined by the members of UAC’s sponsor, or entities affiliated with members of the sponsor, and the price which the Company will pay for the securities will be the market price at the time of the purchases. ...READ MORE
UPDATE: Late this afternoon Churchill Capital Corp. sent out a new press release with a rescheduled time for their conference call and webcast tomorrow morning to discuss their recently announced transaction with Clarivate Analytics. ...READ MORE
There appears to be some confusion on delaying amendments and when and how registration statements get effective. ...READ MORE
Churchill Capital Corp. (CCC), which debuted their IPO just four months ago on September 7th, has announced a definitive merger agreement with Clarivate Analytics in a transaction valued at approximately $4.2 billion. Churchill ...READ MORE
Gores Metropoulos Acquisition Corp. filed another amendment to their prospectus, however, there are no material changes to the terms. ...READ MORE
Haymaker Acquisition Corp. (HYAC), announced this morning that they have amended their business combination agreement with Steiner Leisure regarding the proposed acquisition of OneWorldSpa, a global provider of health and wellness products and services onboard cruise ships and in destination resorts. ...READ MORE
This morning, we had 2019’s SPAC #7 file for a $300 million IPO in the form of Acamar Partners Acquisition Corp. (ACAMU). Acamar is being led by Juan Carlos Torres Carretero, as Chairman, and Luis Ignacio Solorzano Aizpuru, as CEO. ...READ MORE