The SPAC Calendar for votes is HEAVY. In light of the busy schedule, a summary of upcoming dates has been provided below.
We have two votes and the closing of a tender offer today (OPES, TPGH, TKKS, respectively), but on deck next week we have Big Rock Partners (BRPA) and GigCapital (GIG). ...READ MORE
In light of the closing of the business combination, Trinity has cancelled its extension vote, previously scheduled for today, November 15, 2019.
DFB Healthcare Acquisition Corp., which recently announced shareholders have approved their business combination with AdaptHealth Holdings, LLC (AHCO), filed additional documents via an 8-K this morning. DFB/AdapHealth did not indicate the redemption price per share, but they did disclose the total amount redeemed at their vote, which was $213.665 million. ...READ MORE
Yesterday, Pivotal Acquisition Corp. (PVT), announced that it had entered into a commitment letter with MGG Investment Group, LP (“MGG”), where Pivotal may borrow up to $150 million of 5-year convertible notes, thus providing a backstop to their business combination with KLDiscovery. ...READ MORE
Chaserg Technology Acquisition Corp. (CTAC), announced this morning that they have signed a definitive agreement to combine with Grid Dynamics International, Inc. (“Grid Dynamics'”). Grid Dynamics is a leader in driving enterprise-level digital transformation services for Fortune 1000 corporations. ...READ MORE
Sentinel Energy Services (STNL), three trading days post-redemption of it’s Shares, rose from the dead tonight and announced a special meeting of Warrant Holders. Amen. Sentinel will be asking Warrant Holders to vote on a proposal to approve an amendment to the Warrant Agreement whereby Sentinel will automatically convert the Public Warrants into the right to receive $0.02 per whole Public Warrant. ...READ MORE
This afternoon, Trinity Merger Corp. (TMCX), announced the shareholder approval of their combination with Broadmark real estate lending companies (“Broadmark”). Additionally, the proposal to amend Trinity’s public warrants was also approved. ...READ MORE
Pivotal Acquisition Corp. (PVT), filed a new preliminary proxy/S-4 this morning, setting a record date of November 18, 2019, for it’s upcoming shareholder vote to complete it’s combination with KLDiscovery. The vote date has still not been set, but based on the record date it should now occur roughly mid-December. ...READ MORE
Allegro Merger Corp. (ALGR), took the unusual step today of posting their 8-K submission and presentation on the Allegro Merger Corp. website. These documents apparently should have been filed with the SEC on Friday afternoon, in tandem with their press release announcing their combination with TGI Fridays. ...READ MORE
Allegro Merger Corp. (ALGR), Eric Rosenfeld’s sixth SPAC, announced this afternoon that they have signed a definitive agreement with privately held TGIF Holdings, LLC (“TGIF”). ...READ MORE
Juniper Industrial Holdings Corp. (JIH.U), announced the pricing of their $300 million SPAC IPO this evening. Juniper’s units are expected to begin trading, tomorrow, Friday, November 8th, under the symbol NYSE: JIH.U. ...READ MORE
GigCapital, Inc. (GIG), announced this afternoon that it will be extending its Tender Offer to purchase up to 14,873,256 of its outstanding Rights until one minute past 11:59 p.m., New York City time, on November 22, 2019, unless further extended or terminated. ...READ MORE
Stable Road Acquisition Corp. (SRACU), announced the pricing of their $150 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, November 8th, under the symbol Nasdaq: SRACU. ...READ MORE
DFB Healthcare Acquisition Corp. (DFBH), announced this afternoon that its shareholders have approved their business combination with AdaptHealth Holdings, LLC, the third largest distributor of home medical equipment in the United States
The Business Combination is expected to close on Friday, November 8, 2019. ...READ MORE
LGL Systems Acquisition Corp. (DFNSU), announced the pricing of their upsized $150 million SPAC IPO this morning and the units are expected to begin trading today, Thursday, November 7th, under the symbol NASDAQ: DFNSU. ...READ MORE
Sentinel Energy Services (STNL), announced this morning that it has canceled its special meeting of stockholders that was scheduled for today, November 6, 2019, and will redeem all of its outstanding shares of Class A common stock (the “public shares”), effective as of the close of business on November 7, 2019. ...READ MORE
Tonight, PropTech Acquisition Corporation (PTACU), filed their $150 million real estate technology-focused SPAC, with “PropTech” referring to “property technology”. PropTech will be led by Thomas Hennessy, as Chairman of the Board, Co-Chief Executive Officer and President. ...READ MORE
Last night, LGL Systems Acquisition Corp. (LGL), the $125 million aerospace, defense and communications industries-focused SPAC, filed a new S-1 ahead of their anticipated IPO pricing this week. However, the new filing is missing one of its Co-Chairmen, Bob LaPenta. ...READ MORE
Merida Merger Corp. I (MCMJU), announced the pricing of their upsized $120 million SPAC IPO this evening. Merida’s units are expected to begin trading Tuesday, November 5th, under the symbol Nasdaq: MCMJU, and are expected to begin trading on the Neo Exchange Inc. ...READ MORE
Opes Acquisition Corp. (OPES), filed a definitive proxy this evening filling in some of those blanks we’ve all been wondering about regarding their upcoming November 15th extension vote. ...READ MORE