Nebula Acquisition Corp. (NEBU), filed an 8-K tonight announcing they have amended their business combination agreement with Open Lending LLC. Given the current market conditions, amendments are expected. However, Nebula’s amendments mostly revolved around the public warrants, but didn’t make any substantial adjustments to valuation. ...READ MORE
Sustainable Opportunities Acquisition Corp. (SOAC.U), filed for a new $300 million IPO last night, focused on the sustainability sector. Which, if you’re a little fuzzy on what “sustainability” is, or what it includes, it’s essentially companies with a strong ESG profile, or Environmental, Social and Governance (“ESG”), but specifically companies with existing environmental sustainability practices. ...READ MORE
Social Capital Hedosophia, which was anticipated to price SPACs II & III on Monday night, but delayed due to market conditions, re-filed new prospectuses this morning with a notable change to both – their warrants included in their units, which were originally 1/4 warrants, are now 1/3 warrants. ...READ MORE
Tonight’s notable news below.
In “Wow! They’re filing now??” news, Sustainable Opportunities Acquisitions Corp. (SOAC.U), a $300 million SPAC focused on the sustainability sector, filed to IPO. ...READ MORE
Opes Acquisitions Corp. (OPES), filed an 8-K this afternoon announcing the results of their shareholder vote, held yesterday, to extend their completion deadline three months from March 16, 2020 to June 18, 2020. ...READ MORE
Arya Sciences Acquisition Corp. (ARYA), announced this morning that they have entered into a definitive business combination agreement with Immatics Biotechnologies GmbH (“Immatics”), a clinical-stage biopharmaceutical company active in the discovery and development of T cell redirecting cancer immunotherapies. ...READ MORE
Gordon Pointe Acquisition Corp. (GPAQ), filed a an 8-K this afternoon whereby they will be amending their merger agreement with HOF Village, LLC (“HOFV”). If you recall, this transaction with HOFV will create a sports, entertainment and media enterprise surrounding the Pro Football Hall of Fame. ...READ MORE
This is still unconfirmed, but Bloomberg is reporting that the two Social Capital Hedosophia SPAC IPOs (IPOB.U and IPOC.U), that were anticipated to price tonight for trading tomorrow, are rumored to be postponed. ...READ MORE
Very late Friday evening, Virgin Galactic (SPCE), which combined with Social Capital Hedosophia Acquisition Corp., announced they will be redeeming all of their public warrants that remain outstanding at 5:00 p.m. ...READ MORE
DD3 Acquisition Corp. (DDMX), which held their shareholder vote to complete their combination back on February 7th, announced this afternoon that they finally made it through what was probably an arduous process to close their transaction with Betterware de Mexico S.A. ...READ MORE
Tiberius Acquisition Corp. (TIBR), filed an 8-K this afternoon detailing the results of their shareholder vote, held earlier today, to approve their business combination with International General Insurance Holdings Ltd. (“IGI”), an A (Excellent) AM Best rated international specialist (re)insurer underwriting a worldwide portfolio through its presence in Bermuda, London, Amman, Dubai, Labuan and Casablanca. ...READ MORE
Legacy Acquisition Corp. (LGC), filed a number of documents today announcing both changes to its Share Exchange Agreement with Blue Impact, as well as a proposal to amend its public warrants. ...READ MORE
Today, Fellazo Inc., which was recently de-listed from Nasdaq, provided an update via a press release whereby the Company said it is exploring various alternatives. However, it specifically stated that one of those alternatives includes liquidating the trust. ...READ MORE
When we were in the thick of the Great Recession, I had a meeting in early January of 2009 in Midtown, on Sixth Avenue. Normally, the area on Sixth Avenue, near Radio City, is a busy corridor. ...READ MORE
Proficient Alpha Acquisition Corp. (PAAC), announced this morning that they have entered into a definitive business combination agreement with Lion Financial Group Limited, a British Virgin Islands corporation (“Lion”) and Hong Kong-based diversified financial services company, in a transaction valued at approximately $125 million. ...READ MORE
DFP Healthcare Acquisitions Corp. (DFPHU), the Deerfield Management sponsored SPAC, announced the pricing of their $200 million IPO this evening and the units are expected to begin trading tomorrow, Wednesday, March 11th, under the symbol Nasdaq: DFPHU. ...READ MORE
Chardan Healthcare Acquisition 2 Corp. (CHAQ.U), filed for an $85 million IPO on Monday morning, focusing once again on healthcare companies in North America. Additionally, the Chardan Capital Markets-backed SPAC will once again be led by senior members of the bank’s management team. ...READ MORE
CC Neuberger Principal Holdings I (PCPL.U), made a surprise filing Friday evening for a $300 million IPO. CC Neuberger is being co-sponsored by Chinh Chu’s CC Capital and Neuberger Berman’s Opportunistic Capital Solutions Master Fund LP (“NBOKS”). ...READ MORE
Fortress Value Acquisition Corp. (FVAC.U), filed for a $300 million IPO on Friday evening, continuing the trend of big-name, 1/4 warrants SPACs coming to market in 2020. Fortress Value will have a broad focus, but will look to acquire a business that could “benefit from a hands-on owner with extensive investment and operational expertise. ...READ MORE
The folks over at Nasdaq are holding a webinar this morning, at 1:00 PM, regarding SPAC listing qualifications. ...READ MORE