Draper Oakwood Technology Acquisition Corp. (DOTA), put out a press release this morning removing the recently added requirement that in order for shareholders to exercise their redemption rights, they MUST vote either for or against the Business Combination Proposal in addition to redeeming their shares. At ...READ MORE
This afternoon, both Chardan Healthcare (CHACU) and CF Finance (CFFAU) filed amended S-1s, indicating they are getting ready to price next week. Chardan Healthcare’s S-1/A consisted mostly of nits and clarifying their underwriting fees regarding the $100,000 to be paid to B. ...READ MORE
Schultze Special Purpose Acquisition Corp. (SAMAU), the $150 million SPAC focusing on restructured companies, amended their S-1 this morning by adding the “Crescent Term,” which adjusts the warrant strike in the event of the issuance of additional securities in connection with a business combination closing. ...READ MORE
There have been a number of filings this afternoon, so a summary has been provided below:
Industrea (INDU), announced this afternoon that shareholders have approved their business combination with Concrete Pumping Holdings. The ...READ MORE
Saban Capital filed a proxy this afternoon for a shareholder vote. Unfortunately, it’s not to vote on their business combination with Panavision and Sim. Instead, shareholders will be asked to vote on the re-appointment of two Class B Directors and to ratify KPMG as their independent public accounting firm. ...READ MORE
Jensyn Acquisition Corp. (JSYN), filed a preliminary proxy late Friday, for a new shareholder vote to extend their termination date by 180 days. Jensyn is currently set to expire on January 3rd, 2019, but if the extension is approved, they will have until July 2, 2019 to complete an acquisition. ...READ MORE
I-AM Capital Acquisition Company (IAM), released an 8-K this morning, that contained information within it regarding their shareholder votes results and some very interesting “settlements” with their underwriters. ...READ MORE
What a mess…
GTY Technology Holdings (GTYH) and OpenGov, a prior target company of GTYH, are suing each other over, among other things, fraud and breach of contract. ...READ MORE
For those keeping score, we now have five SPACs on file to IPO in December, so we thought a comparison of terms would help for those doing a little Holiday SPAC shopping. ...READ MORE
This morning, Chardan Healthcare Acquisition Corp. (CHACU) filed for a $70 million, Chardan-backed SPAC focusing on Healthcare companies in North America. Chardan Healthcare will be led by senior members of Chardan Capital Markets, a veteran SPAC underwriter. ...READ MORE
Friday evening, Andina Acquisition Corp. III, filed for a $100 million SPAC IPO focused on companies in the Americas, which means we now have four SPACs getting ready to IPO in December, bringing our 2018 potential deal count to 47. ...READ MORE
The SPAC decks were recently cleared with three pricings last week and have immediately been replenished with three new filings. The first was CF Finance, then on Monday we had Monocle for $150 million, and now on Tuesday evening, Schultze Special Purpose Acquisiton Corp (SAMAU), also filed for a $150 million SPAC. ...READ MORE
Monday evening, Monocle Acquisition Corporation (MNCL), filed for $150 million SPAC IPO. Monocle is being led by Eric Zahler, as President, CEO and Director, and is a co-founder and Managing Director of Sagamore Capital, a private equity firm pursuing investments in the aerospace and defense, industrial electronics and selected business service markets. ...READ MORE
As expected, Big Rock Partners Acquisition Corp. (BRPA), has extended their completion deadline by three months to February 22, 2019. Big Rock, which IPO’d back on November 20th of 2017, had only twelve months to complete their business combination and given the time crunch, will deposit $690,000 into the trust (or $0.10 per share) as required to qualify for the extension period. ...READ MORE
CF Finance Acquisition Corp., debuted their SPAC early Friday afternoon with a filing for $250 million and if you haven’t already guessed, the “CF” stands for Cantor Fitzgerald, which is sponsoring this SPAC. ...READ MORE
KBL Merger Corp. IV, just announced they “have entered into several non-binding letters of intent with various entities for an initial business combination.” As a result, the Company gets to extend their completion deadline to March 7, 2019. ...READ MORE
Landcadia Holdings, Inc., announced the results of their shareholder vote this morning and they seem to be taking a page out of the I-AM Capital play book by providing almost no information. ...READ MORE
Boxwood Merger Corp. (BWMCU), the $200 million Macquarie-backed SPAC being led by Stephen Kadenacy, announced Thursday evening they have priced their IPO and will trade Friday under the symbol Nasdaq: BWMCU. ...READ MORE
AMCI Acquisition Corp. (AMCI), the natural resources-focused SPAC being led by Hans Mende and William Hunter, announced Thursday evening they have priced their $200 million IPO and will trade Friday under the symbol Nasdaq: AMCIU. ...READ MORE
Fintech Acquisition Corp. III (FTACU), announced Thursday evening, the pricing of their upsized $300 million SPAC and will begin trading Friday under the symbol Nasdaq: FTACU.
The Fintech team, which has an impressive record with two successful SPACs under their belt, will once again be led by Betsy and Daniel Cohen, as Chairman and CEO, respectively. ...READ MORE