Novus Capital Corp. (NOVSU), announced the pricing of their $100 million SPAC IPO this evening and the units are expected to begin trading, tomorrow, Friday, May 15th, under the symbol NASDAQ: NOVSU. ...READ MORE
Novus Capital Corp. (NOVSU), filed an amended S-1 this morning, further revising the terms of their IPO. In Novus Capital’s initial filing, this was a 1/2 warrant, 24 months deal. ...READ MORE
Jaws Acquisition Corp. (JWS.U), announced the pricing of their upsized $600 million SPAC IPO this afternoon and the units are expected to begin trading tomorrow, Thursday, May 14th, under the symbol NYSE: JWS.U. ...READ MORE
GigCapital3, Inc. (GIK.U), announced the pricing of their $200 million IPO this evening and the units are expected to begin trading tomorrow, Thursday, March 14th, under the symbol NYSE: GIK.U.
GigCapital3 is the third SPAC from the GigCapital team, having previously closed their first combination with Kaleyra, Inc. ...READ MORE
We have yet another “teaser” ahead of an extension vote, folks. Forum Merger II Corp. (FMCI), announced tonight, as part of dropping their extension proxy, that they have signed a letter of intent with “a high-growth, plant-based food company with a broad portfolio of innovative products that are aligned with major food trends and sold through leading retailers and distributors across the United States. ...READ MORE
Nebula Acquisition Corp. (NEBU), filed an 8-K this morning announcing further changes to their business combination agreement with Open Lending LLC. Specifically, Nebula has adjusted the Enterprise Value to $1.08 billion, representing a new multiple of 7.4x 2021E EBITDA, down from an Enterprise Value of $1.3 billion and 12.2x 2021E EBITDA. ...READ MORE
GigCapital3, Inc. (GIK.U), which had previously amended their IPO terms from an original 24 months with a 1/2 warrant, to 18 + 3 months with a 3/4 warrant, has now further revised their deal terms. ...READ MORE
Earlier today, VectoIQ Acquisition Corp. (VTIQ), held their shareholder vote to extend their completion deadline roughly 1.5 months, from May 20, 2020 to July 31, 2020, and to no one’s surprise, this extension was approved. ...READ MORE
Novus Capital Corp. (NOVSU), filed an amended S-1 late this morning revising its terms ahead of an anticipated May 14th pricing. This is in keeping with all of the other recent IPOs that have amended terms, which as you can see below, all but Live Oak (LOAK.U) ...READ MORE
Similar to what Nebula (NEBU) did ahead of their extension vote, AMCI Acquisition Corp. (AMCI) put out a teaser tonight on a potential combination in an effort to peak enough interest with investors that they do not redeem. ...READ MORE
Foley Trasimene Acquisition Corp. (WPF.U), cannonballed into the SPAC pool on Friday night, filing for a super-sized $750 million SPAC IPO. Foley Trasimene ties Trian Acquisition Corp. I, Nelson Peltz’s SPAC for size, which initially filed as a $750 million IPO back in November of 2007, making them both two of the largest initial SPAC IPO filings ever. ...READ MORE
Act II Global Acquisition Corp. (ACTT), announced this morning that it has further revised its transaction with MacAndrews & Forbes Incorporated, to create Whole Earth Brands. Act II, previously revised their transaction in mid-February of this year. ...READ MORE
Jaws Acquisition Corp., the debut SPAC from Barry Sternlicht, which initially filed last Thursday for a $400 million SPAC, has already upsized to $500 million, keeping up with the trend of BIG SPACs looking for BIG game. ...READ MORE
8i Enterprises Acquisition Corp. (JFK) announced this morning that it has amended the Share Exchange Agreement with Diginex Limited, a blockchain financial services and technology company headquartered in Hong Kong.
8i Enterprises is currently scheduled to hold it’s shareholder vote to complete this transaction on June 15, 2020. ...READ MORE
Well, it seems Global Blue still wants this deal to happen!
Global Blue ALSO put out a press release this morning commenting on FPAC’s Board Announcement. Basically, they’re not giving up without a fight….”fight” ...READ MORE
Yes, Far Point has 24 months to complete their initial business combination, but can extend for an additional three months with an LOI or definitive agreement on file. Per the proxy:
If we are unable to complete our business combination within 24 months (or 27 months from the closing of this offering if we have executed a letter of intent, agreement in principle or definitive agreement for our initial business combination within 24 months from the closing of this offering but have not completed our initial business combination within such 24 month period)
However, since this looks like a busted deal, do they still get an extension? ...READ MORE
Far Point Acquisition Corp. (FPAC), announced this morning that its board of directors “has unanimously determined that the previously announced business combination transaction with Global Blue Group AG (“Global Blue”) is not advisable or fair to, or in the best interest of, FPAC and its stockholders. ...READ MORE
GigCapital3, Inc. (GIK.U), which was originally anticipated to price yesterday evening, but got bumped to tonight, has now postponed their IPO indefinitely due to market conditions. Today was an especially challenging day for SPAC IPOs with the last four SPACs to price trading significantly below their $10.00 issue price. ...READ MORE
Sustainable Opportunities Acquisition Corp. (SOAC.U), announced the pricing of their $300 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, May 6th, under the symbol NYSE: SOAC.U. ...READ MORE