Boxwood Merger Corp. was rumored to be pricing last night and instead, they down-sized their deal and increased their warrant from one-half to a full warrant. Given that we have three deals coming at the same time, the fight for capital is competitive and investors are choosy. ...READ MORE
As previously announced, the winner of the SPACInsider T-shirt contest is SPAC Mafia! We have created t-shirts and hats and the design is now available in multiple colors in the SPACInsider Store. ...READ MORE
I-AM Capital Acquisition Company (IAM) announced the results of their shareholder vote yesterday evening. However, the term “results” should probably be used loosely since there wasn’t a whole lot of information included in it. ...READ MORE
Platinum Eagle Acquisition Corp. (EAGL), announced Tuesday evening that they have entered into merger agreements with Target Logistics Management, LLC and RL Signor Holdings, LLC, to create the largest provider of specialty rental accommodations with premium catering and value-add hospitality services in the U.S. Target ...READ MORE
It’s looks like we’re going to have a double header this week, since we’re hearing that Fintech III has moved their pricing to Thursday, alongside AMCI, which is already on the calendar for the same day. ...READ MORE
Federal Street Acquisition Corp. announced late Friday, that they will be adjourning their special meeting of FSAC stockholders, originally scheduled to be held on Wednesday, November 14, 2018. The new meeting date will now be Monday, December 17th. ...READ MORE
This morning, AMCI Acquisition Corp. filed an amendment for their $200 million SPAC IPO with a few changes to the terms. Notably, AMCI has changed the number of warrants included in its unit from one-half of one redeemable warrant to one full warrant to purchase one share of Class A common stock. ...READ MORE
Union Acquisition Corporation (LTN), announced this morning that they have entered into a definitive share exchange agreement with Bioceres, a Latin American agricultural biotech company, with an anticipated initial enterprise value of approximately U.S.$456 ...READ MORE
Vantage Energy Acquisition Corp. (VEAC), announced this morning it has entered into a definitive agreement with QEP Energy Company, a wholly owned subsidiary of QEP Resources, Inc., to acquire the entirety of QEP’s Williston Basin assets in North Dakota and Montana. ...READ MORE
CM Seven Start Acquisition Corp. (CMSS), announced yesterday evening it has entered into a business combination with Kaixin Auto Group (“Kaixin”), a leading premium used car dealership network in China and its owner, Renren Inc. (“Renren”) ...READ MORE
Hunter Maritime released the results of their Extension Tender Offer this morning, revealing that a total of 12,999,350 Class A common shares were tendered for a total purchase price of $131,618,418.75. This represents approximately 86% of the Company’s issued and outstanding Class A common shares as of November 6, 2018. ...READ MORE
Kayne Anderson Acquisition Corp. (KAAC) announced the results tonight of their shareholder vote to approve their business combination with Apache to form Altus Midstream. In short, KAAC’s combination was approved, but once again, there were a surprising number of redemptions for an A-team. ...READ MORE
Stellar Acquisition III (STLR), announced a number of amendments to their merger agreement with Phunware, earlier this morning. Presumably, to aid in completing their combination. Stellar, which has until December 26th to wrap things up, currently has a little more than $19 million held in trust ($19.49 million per their latest 10-Q). ...READ MORE
In light of the heavy amount of announcements this morning, a summary of each company (IAM, MPAC, GTYH and AHPA) has been provided below.
I-AM Capital filed a preliminary proxy to hold their shareholder vote on November 9th, this Friday. ...READ MORE
Friday evening, Easterly Acquisition Corp., a $200 million SPAC, released the results of their shareholder vote to approve their business combination with Sirius International Insurance Group, Ltd. Shareholders approved the combination with 16,436,502 votes “for”, but there were a sizeable number of redemptions. ...READ MORE
Modern Media Acquisition Corp. (MMDM), announced this morning that they had entered into a “non-binding letter of intent” with a private company. And that’s all we got. No name of the company, no details. ...READ MORE
Haymaker Acquisition Corp. (HYAC), announced Thursday evening that they have entered into a definitive agreement with OneSpaWorld (“OSW”), a global provider of health and wellness products and services onboard cruise ships and in destination resorts around the world, with the transaction being valued at $948 million. ...READ MORE
The contest winner, who also wishes to remain anonymous (we hear ya), received a total of 180 votes out of 360 total, or exactly 50%. ...READ MORE
In the least shocking news of the week, Barington/Hilco announced this morning of their intention to liquidate. The redemption price per share is $10.87854059 (they really carried that out far) and its public shares ceased trading as of this morning, November 1, 2018. As ...READ MORE
Matlin & Partners Acquisition Corp. (MPAC), announced early this morning that their shareholder vote to complete their business combination with U.S. ...READ MORE