UTXO Acquisition Inc. Files $50M SPAC IPO
This afternoon, we had another new SPAC filing with the addition of UTXO Acquisition Inc. (UTXOU), a $50 million SPAC focused on companies in Asia and North America. UTXO will be led by Dr. ...READ MORE
Pure Acquisition Corp. Releases Warrant Tender Results
Pure Acquisition Corp. (PACQ), announced its warrant tender results this evening and a sizable number opted, in fact, to tender.
By way of background, PACQ first announced their combination with HighPeak Energy back on November 27th and as stated in their IPO prospectus, they intended to give warrant holders the option to tender their warrants at $1.00 per warrant. ...READ MORE
After the Closing Bell: Forum II, Legacy & GSAH
It’s a long holiday weekend…but before you settle in, a few updates have been provided below.
FORUM MERGER II CORPORATION (FMCI)
Forum Merger II Corp. (FMCI), filed a preliminary proxy to extend their completion deadline tonight. ...READ MORE
Mosaic Shareholder Approve Vivint Combination
Mosaic Acquisition Corp. (MOSC), announced this afternoon that shareholders approved their combination with Vivint Smart Home, Inc. earlier today. The combined company will be named Vivint Smart Home and will trade under the ticker symbol VVNT on the New York Stock Exchange beginning Tuesday, January 21, 2020. ...READ MORE
East Stone Acquisition Corp. Files $100M SPAC IPO
East Stone Acquisition Corp. (ESSCU), filed for a $100 million IPO this morning, making it a total of seven SPACs on file now for 2020. East Stone will be focusing on fintech in North American and the Asia Pacific regions, and will be led by Chunyi (Charlie) Hao, as Chairman and CFO, and Xiaoma (Sherman) Lu, as CEO and Director nominee. ...READ MORE
Mosaic Waives Closing Condition Ahead of Vote
Mosaic Acquisition Corp. (MOSC), announced earlier this morning that ahead of its scheduled shareholder vote to complete its combination with Vivint Smart Home, they have waived the closing condition relating to the number of redemptions of public shares of Mosaic Class A common stock. ...READ MORE
UPDATED: Far Point (FPAC) to Combine with Global Blue
UPDATED IN BLUE BELOW:
Far Point Acquisition Corp. (FPAC), announced this morning that they intend to merger with Global Blue, a strategic technology and payments partner empowering global merchants to capture the growth of international shoppers. ...READ MORE
Far Point (FPAC) to Combine with Global Blue
Far Point Acquisition Corp. (FPAC), announced this morning that they intend to merger with Global Blue, a strategic technology and payments partner empowering global merchants to capture the growth of international shoppers. ...READ MORE
Mudrick Capital (MUDS) Files to Extend Deadline
Mudrick Capital Acquisition Corp. (MUDS), as expected, filed a preliminary proxy this evening to extend their completion deadline by an additional six months, from February 12, 2020 to August 12, 2020. ...READ MORE
Opes Acquisition Corp. (OPES) Releases Extension Vote Results
Early this afternoon, Opes Acquisition Corp. (OPES), released the details of their shareholder vote to approve their extension deadline from January 15, 2020 to February 15, 2020, or March 15, 2020, if they need to extend an additional 30 days further. ...READ MORE
Leo Holdings Corp. (LHC) Files to Extend
No Contribution to Trust for Non-Redeeming Shareholders
Leo Holdings Corp. (LHC), in a not unexpected move, filed a new preliminary proxy tonight to extend their completion deadline five and a half months from February 15, 2020 to July 31, 2020. ...READ MORE
Mudrick Capital (MUDS) to Combine with Hycroft Mining
“Gold was a gift to Jesus. If it’s good enough for Jesus, it’s good enough for me!” – Mr. T
.
Mudrick Capital Acquisition Corp. (MUDS), announced this morning that they have entered into a definitive purchase agreement with Hycroft Mining Corporation, a US-based, gold and silver producer operating the Hycroft mine located in the mining region of Northern Nevada. ...READ MORE
TKK Symphony (TKKS) Extends Tender Offer For Fourth Time
TKK Symphony Acquisition Corporation (TKKS) announced this evening that it would be extending the expiration of its tender offer to purchase up to 25,000,000 shares at a purchase price of $10.28, for a fourth time. ...READ MORE
Extension Vote Results: Nebula Acquisition Corp. (NEBU)
NEBULA ACQUISITION CORP. (NEBU)
Earlier today, Nebula Acquisition Corp., held their shareholder vote to extend their completion deadline five months from January 12, 2020 to June 12, 2020, and the results were overwhelmingly positive. ...READ MORE
InterPrivate Acquisition Corp. Files $175M SPAC IPO
Wednesday evening, we had another new SPAC filing with InterPrivate Acquisition Corp., a $175 million IPO. This bring the total number of SPACs currently on file to IPO in 2020 to six, so we’re already 1/10th of the way there to breaking 2019’s record of 59 SPACs. ...READ MORE
Extension Vote Results: Allegro Merger Corp. (ALGR)
ALLEGRO MERGER CORP. (ALGR)
This afternoon, Allegro Merger Corp., released the details of their shareholder vote to approve moving their extension deadline from January 6, 2020 to March 31, 2020. ...READ MORE
Nebula’s Warrant Amendment Actually Only Needs 50% Approval
As part of Nebula Acquisition Corp.’s (NEBU), announced deal this morning with Open Lending LLC, they included their intention to tender their warrants for $1.50 per whole warrant. And further to that, it said that if you do tender, you MUST vote FOR the warrant amendment proposal which reduces the term of any and all remaining NEBU Warrants to expire upon the consummation of the Merger. ...READ MORE
Mosaic Reschedules their Vote to January 17th
Mosaic Acquisition Corp. (MOSC), announced this morning that they will be adjourning and rescheduling their vote three days forward to January 17th (previously, the 14th). Now that everyone is back from the holidays for the first full week of the new year, this gives investors additional time to digest MOSC’s amended deal with Vivint. ...READ MORE
Nebula (NEBU) to Combine with Open Lending
Nebula also Intends to Tender their Warrants for $1.50
Nebula Acquisition Corp. (NEBU), announced this morning that they have entered into a Business Combination Agreement with Open Lending, LLC, a leading provider of lending enablement and risk analytics solutions to financial institutions, with an implied estimated enterprise value at closing of approximately $1.3 billion. ...READ MORE
Direct Listings: SPAC Friend or Foe?
Carol Anne Huff, who previously wrote a series on the changes to Nasdaq’s listing standards, is back with another article. This time, on Direct Listings.
Below, Carol Anne dives into the NYSE’s proposal to allow companies to raise capital through a direct listing and whether the expansion of this IPO alternative will have an impact on the SPAC market. ...READ MORE