Leisure Acquisition Corp. (LACQ), filed a new proxy this morning for a June 23rd extension vote that would move their completion deadline to December 1, 2020, a full five months away. ...READ MORE
VectoIQ Acqusition Corp. (VTIQ), which closed today at $31.37, announced this afternoon that shareholders have approved their combination with Nikola Motors. Unsurprisingly, only 1,874 shareholders voted against the combination. Although, you have to wonder why those shareholders voted “no” with a share price already trading in the thirties. ...READ MORE
William Foley II and Trasimene returned for another IPO last Friday when Trebia Acquisition Corp. (TREB.U), filed for a smaller $375 million SPAC IPO. Trebia’s team is similar to that of Foley Trasimene Acquisition Corp. ...READ MORE
We have another teaser….this morning, Schultze Special Purpose Acquisition Corp. (SAMA), announced ahead of their forthcoming deadline extension vote that they have signed a non-binding LOI with Clever Leaves, a multi-national cannabis operator. ...READ MORE
Mudrick Capital Acquisition Corp. (MUDS), released the results of their shareholder vote this morning to complete their business combination with Hycroft Mining Corporation, and as expected, this combination was approved. Unfortunately, the most important information, the redemption results, were not included in the filing. ...READ MORE
On May 22nd, Longevity Acquisition Corp. (LOAC), held their shareholder vote to extend their completion deadline to November 30th, and while LOAC was offering $0.025 per month (for six months) as contribution to trust, redemptions were, once again, on the heavy side. ...READ MORE
This morning, DraftKings (DKNG), which recently combined with Diamond Eagle Acquisition Corp., announced they will be redeeming all of their public warrants that remain outstanding at 5:00 p.m. New York City time on June 26, 2020 (the “Redemption Date”) and are requiring a cash exercise. ...READ MORE
Yesterday, Megalith Financial Acquisition Corp. (MFAC), held their shareholder vote to extend their completion deadline to August 28th, and while the extension was approved, redemptions were on the heavy side. ...READ MORE
Global Blue, via Silver Lake, has apparently been hoovering up FPAC public shares in an attempt to control the outcome of this combination to the tune of $97,827,426.53. ...READ MORE
Foley Trasimene Acquisition Corp. (WPF.U), announced the pricing of their upsized $900 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, May 27th, under the symbol NYSE: WPF.U. ...READ MORE
Hudson Executive Investment Corp. (HECCU), filed for a $300 million IPO last night, bringing the year-to-date potential tally of SPAC IPOs to 33, with 27 already priced. However, Hudson Executive Investment Corp. ...READ MORE
Most people have probably already seen a few of the headlines surrounding the U.S. Senate passing a bill that could result in Chinese companies being de-listed from U.S. exchanges. However, what is still unclear is which companies are truly at risk. ...READ MORE
Earlier today, Tenzing Acquisition Corp. (TZAC), held their shareholder vote to extend their completion deadline to July 27th, with an option to further extend an additional two months, if they need to. ...READ MORE
Longview Acquisition Corp. (LGVW.U), didn’t formally announced the pricing of their upsized $360 million IPO this morning via press release, but since the units are already trading, under the symbol NYSE: LGVW.U, ...READ MORE
Megalith Financial Acquisition Corp. (MFAC), ahead of their May 26th shareholder vote to extend their deadline, announced this morning that they have signed a non-binding Letter of Intent to acquire a digital banking platform that, “is among the fastest growing in the country with several million accounts. ...READ MORE
B. Riley Principal Merger Corp. II (BMRG.U), announced the pricing of their $175 million SPAC IPO this evening, downsized from $200 million, and the units are expected to begin trading tomorrow, Wednesday, May 20th, under the symbol NYSE: BMRG.U. ...READ MORE
The ARYA Sciences team dropped their latest SPAC this morning by filing ARYA Sciences Acquisition Corp. II (ARYBU), a $125 million SPAC focused on the healthcare sector. ...READ MORE
Last Thursday, May 14th, Gordon Pointe Acquisition Corp. (GPAQ), held their shareholder vote to extend their completion deadline to June 15th, with an option to further extend to July 15th (if they need it). ...READ MORE
Mountain Crest Acquisition Corp. (MCACU), the latest SPAC to file for IPO, debuted a $50 million deal that has a unit with just one share and one right (1/10), but without any warrants. ...READ MORE
This afternoon, AMCI Acquisition Corp. (AMCI), held their shareholder vote to extend their completion deadline six months, from May 20, 2020 to October 20, 2020. The extension deadline was approved and AMCI will be contributing $0.025 per share per month to the trust, or roughly $373,000 per month
Furthermore, 7,126,888 shares opted to redeem at an estimated per share price of $10.18, resulting in approximately $72.6 million being removed from trust. ...READ MORE