Did anyone catch the term in SC Health’s new SPAC filing on Friday? If you didn’t, SC Health added an interesting twist for warrant holders. Essentially, this SPAC will be backstopping the warrants at $1.00 in the event of a liquidation.
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Churchill Capital Corp. II (CCX.U), which filed a new S-1/A this morning, is expected to price their $400 million SPAC Thursday evening, for trading Friday, June 28th. Michael Klein, will once again be leading as Chairman of the Board of Directors along with his deep bench of “Operating Partners“.
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There aren’t any really good, descriptive “N” words and “nice” seems…wrong. “Nimble” will have to do unless anyone has a better suggestion.
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We currently have no less than three matches that are evenly tied! As expected, the match up between BofA and Jefferies has been back and forth all morning and is now back at dead even.
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NRC Group (NRCG), formerly Hennessy Capital Acquisition Corp. III, which was Daniel Hennessy’s third SPAC, announced this morning that it has entered into a definitive merger agreement with US Ecology, Inc.
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In light of the forthcoming second quarter and first half of 2019 league tables being published next week, SPACInsider is once again holding the Underwriter’s League Tournament!
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This afternoon, we had another new SPAC filing. This latest one is the $150 million SC Health Corporation (SCH.U), and will be led by David Sin, as Chairman, and AJ Coloma, as CEO and Director nominee.
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Given just how many SPACs we have in the market right now (and with a few trading pretty strangely), we spoke with Andrew Pendergast, at Marsh, a provider of D&O insurance, to help get a better sense of the risks associated with being part of a SPAC team.
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This afternoon, Modern Media Acquisition Corp. (MMDM), released the details of their shareholder vote to approve their extension deadline to September 17, 2019, from June 17, 2019.
Per the 8-K, 13,350,654 shares of the Company’s common stock elected to redeem, however, a redemption price was not provided.
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Last night, the Tuscan team filed for their second cannabis-focused SPAC with the $125 million Tuscan Holdings Corp II. (THACU). Except, It’s not their second SPAC. It’s actually their third.
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Akerna Corp., released additional details this morning regarding their shareholder vote to combine with MTech Acquisition Corp., and surprisingly, there weren’t as many redemptions as anticipated.
Per the press release, 4,452,042 shares of MTech exercised their right to redeem for cash at a price of $10.23841733 per share.
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South Mountain Merger Corp. (SMMCU), announced the pricing of their surprise upsized $225 million SPAC IPO this evening. South Mountain’s units are expected to begin trading tomorrow, June 20th, under the symbol Nasdaq: SMMCU.
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This afternoon, Jensyn Acquisition Corp. (JSYN), announced that they have closed their business combination with Peck Electric Co., a leading commercial solar engineering, procurement and construction (EPC) company. The combined company will be renamed named “The Peck Company Holdings, Inc.”
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This morning, Black Ridge Acquisition Corp. (BRAC), announced (just like we had surmised) that they have rounded up a $5 million backstop from TV Azteca, a Grupo Salinas company and sports television network in Mexico.
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This morning, Pensare Acquisition Corp. (WRLS), released the results of their recent offer to let shareholders redeem in light of the changes to their trust contribution schedule. According to their 8-K, a total of 18,361,687 shares opted to redeem at a per share price of $10.39.
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Carol Anne Huff, from Kirkland & Ellis LLP, is back to give everyone a SPAC update on the latest news coming from the SEC on their ruling regarding NYSE and Nasdaq listing standards.
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South Mountain Merger Corp. (SMMCU), filed their 8-a12b and their CERT today, indicating they are getting ready to price their $200 million fintech-focused SPAC, or more specifically, “…on businesses that will benefit from the rapidly evolving payment ecosystem…”.
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Akerna Corp., née MJ Freeway, née MTech Acquisition Corp., still hasn’t disclosed the number of shares redeemed in their recent combination vote, although we have already inferred that there were probably a significant amount of shares redeemed.
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Black Ridge Acquisition Corp. (BRAC) filed a new preliminary proxy this morning, switching their previously scheduled shareholder vote to complete their combination with Allied Esports, to an extension vote. In fact, BRAC had filed a definitive proxy for their combination vote as recently as last Wednesday, June 12th, with a vote date of June 28th.
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This afternoon, MTech Acquisition Corp. (MTEC), announced that they have closed their business combination with MJ Freeway, LLC, a leading seed-to-sale regulatory compliance technology provider and developer of the cannabis industry’s first enterprise resource planning (ERP) platform.
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