This afternoon, CM Seven Star Acquisition Corp. (CMSS), released additional information regarding their recent shareholder vote to approve their business combination with Kaixin Auto Group (“Kaixin”) and Renren (NYSE: RENN).
Of particular interest, an aggregate of 20,403,667 ordinary shares were redeemed. ...READ MORE
Late last night, CM Seven Star Acquisition Corp. (CMSS), announced the approval of their business combination with Kaixin Auto Group (“Kaixin”) and Renren (NYSE: RENN) and the results of their shareholder vote. ...READ MORE
GigCapital, Inc. (GIG) filed their Definitive Proxy this afternoon and while there was always the hope that they would drop in an additional contribution to trust while it was still a Preliminary Statement, that hope is gone now. ...READ MORE
Have you ever had a SPAC question and wished you could ask a lawyer? Well, you’re in luck. Doug Ellenoff and Stuart Neuhauser, from the law firm of Ellenoff Grossman & Schole, who are consistently at the top of the SPAC Legal League Tables, are here to answer your submitted questions. ...READ MORE
In addition to Proficient Alpha, Friday evening had a bonus new IPO filing with the debut of the $250 million Gx Acquisition Corp SPAC. Gx is being led by Jay Bloom and Dean Kehler, the co-founders of Trimaran Capital. ...READ MORE
Friday evening, Proficient Alpha Acquisition Corp. (PAACU) filed for a $100 million SPAC focusing on financial services in Asia and primarily China. ...READ MORE
Act II Global Acquisition Corp. (ACTTU), announced the pricing of their $261 million SPAC IPO tonight and the units are expected to begin trading tomorrow, April 26th, under the symbol Nasdaq: ACTTU. ...READ MORE
Act II Global Acquisition Corp. (ACTTU), filed their 8-a12b yesterday and is getting ready to price their $250 million “Better-for-you” focused SPAC tonight. Act II most recently dropped J.P. Morgan as its lead underwriter giving Cantor the chance to sole book-run. ...READ MORE
Pensare Acquisition Corp. (WRLS), announced today that it intends to convene and then adjourn its Special Meeting which was originally scheduled for tomorrow, April 26th. Instead, the meeting will now take place on Monday, April 29th. ...READ MORE
Churchill Capital Corp. announced they have set the date for their special meeting to vote on their business combination with Clarivate Analytics Plc. The shareholder vote will take place on May 13, 2019, with a Record Date of April 10th. ...READ MORE
Act II Global Acquisition Corp. re-filed their amended S-1 tonight, with a few changes, large and small. The most noticeable change being the removal of their prior left lead – J.P. ...READ MORE
If you’ve been wondering what’s been going on with MTech, well…we have an answer. Sort of. Mtech Acquisition Corp. (MTEC) was supposed to hold their shareholder vote to complete their business combination with MJ Freeway, back on March 12th. ...READ MORE
This morning, Health Sciences Acquisitions Corp. (HSACU) filed for a $100 million, RTW Investments-backed SPAC focusing on BioPharma and Med Tech companies in North America and Europe. For those not familiar with RTW, they are a $1.9 billion investment firm focused on both public and private investments in the health/life sciences sectors. ...READ MORE
Twelve Seas Investment Company (BROG), announced this morning that they have entered into a business combination agreement to combine with Brooge Petroleum and Gas Investment Company (“BPGIC”), a United Arab Emirates (UAE) company in the oil storage and services business. ...READ MORE
Tonight we had a surprise filing from Jeff Sagansky with the debut of his fifth “Eagle” SPAC, Diamond Eagle. Diamond Eagle is a $350 million IPO, but we don’t really know much more than that just yet (there are a lot of blanks). ...READ MORE
This morning, we had another new SPAC filing to add to the SPAC coffers with AGBA Acquisition Limited, a $40 million IPO. AGBA (whose letters are most likely an acronym of…something, but inevitably, you just wind up calling it “Aggg-Buhh”), will be focusing on businesses in China. ...READ MORE
Below is the follow-up to the article that was published last week detailing Nasdaq’s proposed changes to its listing requirements. This time around, we focus on how the proposed changes could potentially impact SPAC combinations going forward should these listing standards become the new norm. ...READ MORE
B. Riley Principal Merger Corp. (BRPM.U), announced the pricing of their $125 million SPAC IPO this morning and the units are expected to begin trading today, April 9th, under the symbol NYSE: BRPM.U. ...READ MORE
Leo Holdings Corp. (LHC), announced this morning that they have entered into a definitive business combination agreement with CEC Entertainment, Inc. (“CEC”), the owner, operator, and franchisor of the Chuck E. ...READ MORE