For subscribers that have a Database Subscription, we’ve added a new table that you can now find under the SPACs tab: At-Risk Capital / Promote.
We’ve detailed each SPAC team’s at-risk capital as well as the sponsor’s promote for all SPACs by category: Searching for a Target, Announced a Transaction, and currently Filed for IPO. ...READ MORE
DD3 Acquisition Corp., a $50 million SPAC focused on a SPAC focused Mexico and Hispanic business in the U.S., announced the pricing of their IPO tonight and will begin trading tomorrow under the symbol DDMXU. ...READ MORE
MTech Aquisition Corp. (“MTEC”), announced Thursday morning that they have entered into a definitive merger agreement with MJ Freeway LLC, a leading seed-to-sale technology provider and developer of the cannabis industry’s first enterprise resource planning platform. ...READ MORE
Jensyn Acquisition Corp. announced tonight they have terminated their agreement with Oneness Global due to a breach of representations and warranties by Oneness Global. Jensyn has further demanded to be paid the $2,500,000 termination fee provided for in the Share Exchange Agreement. ...READ MORE
(This post has been amended. The original post listed Graf Industrial’s life as 18 months and has since been corrected to 15 months + 3 months)
This morning, Graf Industrial Corp. ...READ MORE
Hunter Maritime, a $150 million SPAC focused on the international maritime shipping industry and underwritten by Morgan Stanley, just announced they have entered into a definitive agreement with NCF Wealth Holdings Limited. ...READ MORE
EdTechX Holdings Acquisition Corp., priced their $55 million IPO this morning, rounding out the “Super Friday” group of four SPACS to IPO today. EdTechX is focused on the education and education technology sectors and will begin trading this morning under the symbol EDTXU. ...READ MORE
ChaSerg Technology Acquisition Corp., a $200 million SPAC focused on the technology sector, priced their IPO tonight and will begin trading tomorrow under the symbol CTACU.
ChaSerg will be led by Lloyd Carney, as CEO and a Director, and Eric Benhamou, as President, CFO and Director. ...READ MORE
Arya Sciences, the $125 million life sciences/med tech SPAC, sponsored by Perceptive Advisors, priced their SPAC IPO tonight and will trade tomorrow under the symbol ARYAU.
Arya Sciences is being led by Joseph Edelman, the founder of Perceptive Advisors, as Chairman, and Adam Stone, who is the Chief Investment Officer of Perceptive, as CEO and Director. Perceptive, ...READ MORE
Collier Creek Holdings, the much anticipated Chinh Chu follow-up SPAC, added a little something extra to their deal (meal?) tonight and upsized by $50 million, bringing the total anticipated gross proceeds of their IPO to $400 million. The ...READ MORE
Avista Healthcare Public Acquisition Corp. released the results of their shareholder vote to extend their completion deadline to February 15, 2019 today, and the good news for AHPA is, they now have additional time to complete their business combination. ...READ MORE
We’ve got a quadruple header…EdTechX, Arya Sciences, ChaSerg and Collier Creek are all expected to price their IPOs this evening for trading Friday. ...READ MORE
I-AM Capital Acquisition Company, which had originally scheduled its shareholder vote to approve its business combination with Smaaash Entertainment for today (October 4, 2018), is postponing the vote-date to a to-be-determined later date within the next 45 days. ...READ MORE
Alberton Acquisition Corporation, filed for a $100 million SPAC IPO this morning with a broad focus that will not be limited by industry or geography. Alberton is being led by Bin (Ben) Wang, as Chairman and CEO. ...READ MORE
This quarter we switched things up and added two new columns to the rankings. For background, in our previously published league tables we used a traditional methodology favored by most league table providers. That is, any underwriter that is a book-runner or lead manager gets full credit for the IPO size and this calculates Deal Volume for each underwriter. However, going forwarded we have also calculated two new columns (highlighted in green) that take into account the number of units sold, which you can find in the underwriting section of all final prospectuses.
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For both the third quarter and Year-to-Date (YTD) 2018, Ellenoff Grossman & Schole ("EGS"), once again, led the SPAC IPO Legal League with a commanding number of legal assignments. EGS was counsel on seven SPACs in Q3, one more than their six assignments in the second quarter. Furthermore, looking at YTD 2018, EGS was legal counsel on a whopping 18 legal assignments, eight more than their nearest competitor, Graubard Miller. Overall, EGS's 18 SPAC assignments accounted for total deal volume of a staggering $3.4 billion. And we still have one more quarter to go...
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This week has been kind of slow on news. Not a whole lot getting filed and nothing to price….yet. However, next week should see EdTechX make their debut with their $55 million education technology SPAC. ...READ MORE
As many of you who read the weekly newsletter know, our intention has been to start charging for the data and analysis that we have been working extremely hard to provide for you. ...READ MORE
EdtechX Holdings Acquisition Corp., re-filed their $55 million SPAC IPO today, with one change to their Crescent Term.
Previously, EdtechX’s term, regarding adjustment to the per-share redemption trigger, stated they would adjust the price to be equal to 240% of the market value of their common stock based on the 20-day trading period prior to the day on which they consummate their business combination. ...READ MORE
Saban Capital Acquisition Corp. released the results of its shareholder vote to extend their completion deadline to December 31, 2018. ...READ MORE