Health Sciences Acquisition Corp. (HSAC), filed an 8-K this afternoon detailing the results of their recent shareholder vote to approve their business combination with Immunovant Sciences, Ltd., a clinical-stage biopharmaceutical company focused on autoimmune diseases. ...READ MORE
Kaleyra, Inc. (KLR), which recently combined with GigCapital, announced today their intention to exchange their outstanding public warrants for newly issued shares of KLR. No details were given just yet on the terms or at what price, but they intend to begin the warrant exchange prior to the end of the year. ...READ MORE
Pivotal Acquisition Corp. (PVT), released this morning that they have secured another $100 million backstop commitment, this time with the Ontario Teachers’ Pension Plan and another large global financial institution (unnamed). ...READ MORE
TKK Symphony Acquisition Corporation (TKKS) today announced 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 third time. ...READ MORE
Nebula Acquisition Corp. (NEBU), which is currently scheduled for an extension vote on January 9th, filed an 8-K this afternoon stating that they are in “advanced discussions” with a company in the lending enablement and risk analytics space. ...READ MORE
While it was anticipated that we would finally have the results of Pivotal Acquisition Corp.’s (PVT) shareholder vote to complete their combination with KLDiscovery today, unfortunately, Pivotal has adjourned their meeting. ...READ MORE
In a day chock-full of SPAC news, B. Riley Principal Merger Corp., (BRPM), capped it off tonight by announcing they have entered into a definitive agreement with Alta Equipment Holdings Inc. ...READ MORE
CIIG Merger Corp. (CIICU), announced the pricing of their $225 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Friday, December 13th, under the symbol NASDAQ: CIICU. ...READ MORE
Healthcare Merger Corp. (HCCOU), announced the pricing of their upsized $220 million SPAC IPO this evening. Healthcare Merger Corp’s units are expected to begin trading, tomorrow, Friday, December 13th, under the symbol Nasdaq: HCCOU. ...READ MORE
In a surprise mid-day announcement, EdTechX Holdings Acquisition Corp., revealed that it has entered into a definitive agreement with Meten Education, (“Meten”), a market leader in English Learning Training (“ELT”) in China. ...READ MORE
This morning, New Frontier Corp. (NFC), announced that shareholders have approved their business combination with United Family Healthcare to form New Frontier Health Corporation (“NFH”). Approximately 96.4% of the shares voted were voted in favor of the business combination, representing 89.4% of all outstanding shares of NFC. ...READ MORE
This morning, Pivotal Acquisition Corp. (PVT), announced that they had adjourned their shareholder vote to complete their combination with KLDiscovery. ...READ MORE
Twelve Seas Investment Company (“Twelve Seas”) (NASDAQ: BROG), announced this evening that ahead of their shareholder vote to complete their combination with Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), they have agreed to irrevocably waive the condition to closing contained in the Business Combination Agreement dated April 15, 2019 which requires the Closing Net Cash to be at least $125,000,000. ...READ MORE
LIV Capital Acquisition Corp. (LIVKU), announced the pricing of their up-sized $70 million SPAC IPO this evening. LIV’s units are expected to begin trading, tomorrow, Wenesday, December 11th, under the symbol Nasdaq: LIVKU. ...READ MORE
GS Acquisition Holdings (GSAH), announced this morning that they have signed a definitive agreement to combine with Vertiv Holdings LLC, a Platinum Equity portfolio company, and a global provider of critical digital infrastructure and continuity solutions. ...READ MORE
Boxwood Merger Corp. (BWMC), which was scheduled to hold their special meeting for shareholders to vote on Boxwood’s combination with Atlas Intermediate, this Thursday, December 12th, has announced that it will be adjourning that meeting and rescheduling for January 9th, 2020. ...READ MORE
Monocle Acquisition Corp. (MNCL), announced this morning that they have signed a definitive agreement to combine with AerSale, a global provider of aviation aftermarket products and services.
Upon completion of the combination, AerSale Corporation will become a Nasdaq-listed public company, with an implied enterprise value of approximately $430 million, equating to approximately 6.3x AerSale’s forecasted 2020 Adjusted EBITDA. ...READ MORE
This afternoon, KBL Merger Co. IV (KBLM), released the details of their shareholder vote to approve moving their extension deadline from December 9, 2019, or April 9, 2020. The extension was approved, but KBLM had a heavy number of redemptions. ...READ MORE
New Frontier Corp. (NFC), filed additional documents this morning announcing that they have increased the size of their equity commitments associated with their combination with United Family Health (“UFH”).
Previously, New Frontier had secured a $711 million PIPE (71,148,186 shares at $10.00 per share) to help fund the $1.3 billion purchase price of UFH and provide working capital to the Company. ...READ MORE
Late yesterday evening, we had an early stocking stuffer with the IPO filing of Gores Holdings IV, a $400 million, 1/4 warrant SPAC. So does this mean we’ve been naughty or nice? ...READ MORE