Last week, I had the opportunity to sit down and discuss SPACs with an investor who requested we call her “Jessica Livermore”, or Jessica for short. ...READ MORE
Jensyn Acquisition Corp. proposed to extend their completion deadline today for the fifth time by filing a preliminary proxy statement for a shareholder vote to be held August 29th, at 10:00AM. ...READ MORE
After the market close today, TKK Symphony Acquisition Corporation filed for a $200 million SPAC IPO with a focus on the Consumer and Lifestyle sectors in China. ...READ MORE
In keeping with the pattern we’ve been seeing in July – busy Mondays, slow mid-week, capped off with new filings late Friday afternoon – what are the odds we see some new SPAC registration statements filed post-close today? ...READ MORE
Greenland Acquisition Corporation has announced the pricing of their $40 million SPAC and the unit will begin trading later this morning under the symbol GLACU. ...READ MORE
Greenland Acquisition Corporation, filed their CERT this afternoon and should be pricing their IPO tonight for trading Wednesday.
The $40 million Greenland, which is focused on businesses primarily located in China, will be the second SPAC to price this July. ...READ MORE
M I Acquisitions, Inc. (“MACQ”), released the results of its shareholder vote to approve MACQ’s previously announced business combination with Priority Holdings, LLC., ...READ MORE
Fintech Acquisition Corp. II, has released the results of its shareholder vote to approve FNTE’s previously announced merger transaction with Intermex Holdings II, Inc. ...READ MORE
Late Friday, Megalith Financial Acquisition Corp. filed for a $150 million SPAC IPO with a focus on the financial services industry as well as fintech businesses. ...READ MORE
Late Friday, Tenzing Acquisition Corp. filed for a $50 million SPAC IPO with a focus on companies in India that have an enterprise value between $150 million and $500 million. ...READ MORE
Spartan Energy Acquisition Corp., filed for a $400 million SPAC early Friday evening, confirming one of the two rumors of “big SPACs coming” (the other being Chinh Chu’s). ...READ MORE
Breaking news: Spartan Energy Acquisition Corp. files for a $400 million SPAC, backed by Apollo as Sponsor, Underwriter and Forward Purchaser. Plus, ...READ MORE
TPG Pace Energy Holdings has already released the results of its shareholder vote to approve its business combination with Enervest, to create Magnolia Oil & Gas, and it was overwhelmingly positive. ...READ MORE
Matlin & Partners Acquisition Corp. (“MPAC”), announced this morning it has entered into a merger and contribution agreement with U.S. ...READ MORE
TPG Pace Energy Holdings announced yesterday they had commenced a $400 million senior unsecured note offering (due 2026). This a 33% increase from the originally announced $300 million note offering. TPGE’s proposed deal with EnerVest to form Magnolia Oil & Gas Corporation, has been extremely well received and this size increase is further evidence of that. ...READ MORE
If anybody has wondered where I’ve been lately, I’ve been working on this. What started as a conversation I had with a SPAC banker regarding a management team I thought he should pitch, wound up leading me down a deep, deep rabbit hole of data. ...READ MORE
Question: If a SPAC prices during a holiday week and there’s no around to see it, does it make a sound? ...READ MORE
Allegro Merger Corp., in what is supposed to be a quiet week, just filed their CERT and should be pricing their IPO tonight for trading Tuesday. ...READ MORE
Once again, Ellenoff Grossman & Schole ("EGS") dominated the SPAC IPO Legal League for both the second quarter and first half of 2018. EGS was counsel on six assignments in Q2, twice as many as their nearest competitor, Skadden, Arps, Slate, Meagher & Flom LLP ("Skadden"), which had three assignments. Overall, for the first half of 2018, EGS had 11 SPAC assignments with total deal volume of $2.5 billion.
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