Churchill Capital just filed an amended prospectus around 1:45PM today, increasing their deal size to $600 million. This most likely means pricing is off tonight since the $150 million increase is larger than a 20% upsize and therefore, it does not qualify for rule 462(b). ...READ MORE
Both Gores Holdings III and Churchill Capital will be pricing their deals tonight for trading tomorrow, kicking off the fall season with a bang and a little competition. ...READ MORE
I-AM Capital Acquisition Company, which had originally scheduled its shareholder vote to approve its business combination with Smaaash Entertainment for Friday, September 7th is postponing the vote-date due to a delay with finishing up the SEC review of it’s recently filed S-1 registration statement. ...READ MORE
Draper Oakwood Technology Acquisition, Inc. (“DOTA”), announced late last night that they have entered into a definitive business combination agreement with Reebonz Limited (“Reebonz”), a leading online luxury marketplace and platform for buying and selling new and pre-owned products. ...READ MORE
Jensyn Acquisition Corp. released the results of its shareholder vote to extend their completion deadline to January 3, 2019. ...READ MORE
Churchill Capital Corp. filed an amended S-1 this morning, increasing their deal size from $400 million to $450 million. There were no other additions or subtractions to the terms or management team, but it does appear that Mr. ...READ MORE
People in finance love to make things super complicated. Throw in some legal language and trying to make sense of the Easterly announcement and subscription agreement will make you feel like you belong in remedial reading. ...READ MORE
Hennessy Capital Acquisition Corp. III, announced this morning that they have secured capital commitments to the tune of $85 million, thereby securing the necessary financing to complete their business combination with NRC Group. ...READ MORE
Longevity Acquisition Corp. announced the pricing of their $40 million SPAC tonight and the unit will begin trading on the Nasdaq tomorrow morning under the symbol LOACU.
Longevity is being led by Matthew Chen, as Chairman and CEO and intends to focus on companies in the PRC. ...READ MORE
To cap off a very busy August, Longevity Acquisition Corporation, filed their CERT today, indicating they will be pricing their IPO tonight for trading Wednesday (Nasdaq: LOACU). ...READ MORE
Megalith Financial Acquisition Corp. announced the pricing of their $150 million SPAC last night and the unit will begin trading on the NYSE this morning under the symbol MFAC.U.
Megalith, which intends to focus on financial services and fintech companies, is being led by Jay Sidhu, as Executive Chairman, and Samvir Sidhu, as CEO. ...READ MORE
Megalith Financial Acquisition Corp. filed an amended S-1 this afternoon with a few changes to the terms and its very positive.
First, Megalith now has 21 months to find an acquisition, down three months from the previous 24 months. ...READ MORE
Avista Healthcare filed a preliminary proxy tonight to extend their completion deadline by 120 days from October 14th to February 15th, 2019, via shareholder vote. ...READ MORE
Tenzing Acquisition Corporation announced the pricing of their upsized $55 million SPAC last night and the unit will begin trading this morning under the symbol TZACU.
Tenzing, which intends to focus on companies in India that have an enterprise value between $150 million and $500 million, is being led by Rahul Nayar, as CEO, and Parag Saxena, as Chairman. ...READ MORE
(The post below is an excerpt from the weekly subscriber email sent out every Monday morning before the market open.)
Question: If a SPAC announces their acquisition on a summer Friday, in the back half of August, after 5:00PM and without a follow-up conference call, do you think the SPAC team is eager to talk to investors? ...READ MORE
Churchill Capital Corp. filed for a $400 million IPO very late Friday evening, with a focus on the technology and software sectors. Churchill is being led by Jerre Stead, as CEO and Director, and Michael Klein, as Chairman. ...READ MORE
When it comes to SPACs, the accountants are usually not the first phone call when it comes to choosing your deal team. It’s usually the underwriters first, then the lawyers and finally….the ...READ MORE
Atlantic Acquisition Corp. (“ATAQ”), released the results of its shareholder vote to approve ATAQ’s previously announced business combination with HF Group Holding Corporation, a leading food-service distributor operated by Chinese Americans serving Chinese/Asian restaurants that are primarily Chinese takeout restaurants located in the southeastern United States. ...READ MORE
Tenzing Acquisition Corp., an India-focused SPAC, filed an amended prospectus tonight with a notable change to the terms. ...READ MORE
TKK Symphony Acquisition Corporation announced the pricing of their $220 million SPAC this morning and the unit will begin trading today under the symbol TKKSU.
TKK Symphony intends to focus on consumer and lifestyle companies in the PRC and is being led by Mr. ...READ MORE