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
The stock market may have taken a beating this week, but SPACs just keeping pumping out 1/4 warrant deals.
Read below for a short summary of the latest two new IPOs that were filed tonight. ...READ MORE
LifeSci Acquisition Corp. (LSACU), announced the pricing of their upsized $60 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, March 6th, under the symbol Nasdaq: LSACU. ...READ MORE
Flying Eagle Acquisition Corp. (FEAC.U), announced the pricing of their upsized $600 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, March 6th, under the symbol NYSE: FEAC.U. ...READ MORE
ChaSerg Technology Acquisition Corp. (CTAC), filed an 8-K this morning detailing the results of their recent shareholder vote to approve their business combination with Grid Dynamics International, Inc., an engineering IT services company known for transformative, mission-critical cloud solutions for retail, finance and technology sectors. ...READ MORE
Fellazo, Inc. (FLLC), which had previously arranged a Sponsor Transfer Agreement with TKK Capital, unfortunately announced this evening that they have been de-listed from the Nasdaq. Following suspension of trading on Nasdaq, the Company’s units, ordinary shares, warrants and rights will trade on the OTC Markets under the tickers “FLLCU,” “FLLC,” “FLLCW” and “FLLCR,” respectively, effective at the open of business on March 5, 2020. ...READ MORE
The folks over at Nasdaq are holding a webinar on Monday morning, at 10:00 AM, regarding SPAC listing qualifications. Specifically, Nasdaq’s Legal and Regulatory team will be discussing current SPAC trends, updates on listing qualification rules that apply to SPACs, and resources for SPAC issuers and sponsors. ...READ MORE
Alta Equipment, (ALTG), the combined company of B. Riley Principal Merger Corp., announced a stock repurchase plan today for up to $10 million of its currently outstanding shares. Additionally, Alta also announced that they have established a Rule 10b5-1 trading plan. ...READ MORE