As expected, Black Ridge Acquisition Corp. (BRAC), is still busy rounding up backstops ahead of the closing of their business combination with Allied Esports. To that end, BRAC announced this morning that they have entered into a Share Purchase Agreement for another $5 million. ...READ MORE
This morning, Capitol Investment Corp. IV (CIC), released the details of their shareholder vote to approve their combination with Nesco Holdings. However, once again, no details on redemption counts, or at what price, were provided. ...READ MORE
If the closing of the first Thunder Bridge was the crack of lightning, tonight we got the thunder… Earlier this evening, we had the debut of Thunder Bridge Acquisition II, Ltd. ...READ MORE
Conyers Park II Acquisition Corp. (CPAAU), announced the pricing of their $400 million SPAC IPO this evening. Conyers Park II’s units are expected to begin trading Thursday, July 18th, under the symbol NASDAQ: CPAAU. ...READ MORE
Oaktree Acquisition Corp. (OAC.U), announced the pricing of their $175 million SPAC IPO this evening. Oaktree’s units are expected to begin trading Thursday, July 18th, under the symbol NYSE: OAC.U.
Oaktree will focus on the industrial and consumer sectors and will be led by John Frank, as Chairman, and Patrick McCaney, as CEO and Director. ...READ MORE
Black Ridge Acquisition Corp. (BRAC) just announced they are postponing their shareholder vote date. The original meeting date was scheduled for June 28th, but was then moved to July 22nd, after their one-month extension vote was held on July 9th. ...READ MORE
UPDATE: After having a chance to go through the documents that were filed this morning, additional information has been included below in blue. This appears to be a highly negotiated transaction given the number of stipulated conditions and requirements. ...READ MORE
Last night, in the ongoing drama between Accel Entertainment and their minority shareholder, Clairvest, Clairvest put out a press release stating that they have filed a lawsuit to block Accel Entertainment’s merger with TPG Pace Holdings (TPGH). ...READ MORE
Chardan Healthcare Acquisition Corp. (CHAC) announced this evening that it has entered into a business combination agreement with BiomX Ltd. (“BiomX”). BiomX is a preclinical stage microbiome company developing both natural and engineered phage cocktails designed to target and destroy bacteria that affect the appearance of skin, as well as harmful bacteria in chronic diseases, such as IBD, PSC, and cancer. ...READ MORE
Today, Fellazo Inc. (FLLCU) refiled their prospectus and changed the terms of their IPO. Notably, they have now added a right (1/10) and changed their previous FULL warrant to one warrant for 1/2 share. ...READ MORE
Bucking the trend of half, third and even quarter warrants, NetFin Acquisition Corp. ...READ MORE
Capitol Investment Corp. IV (CIC) and Nesco filed a prospectus supplement this morning revealing a newly amended merger agreement reducing the consideration to be issued to Nesco and canceling an additional number of the Sponsor’s founder shares. ...READ MORE
SC Health Corporation (SCPE.U), announced the pricing of their $150 million SPAC IPO this evening. SC Health’s units are expected to begin trading Friday, July 12th, under the symbol NYSE: SCPE.U. ...READ MORE
Tuscan Holdings Corp. II (THCAU), announced the pricing of their surprise upsized $150 million SPAC IPO this evening. Tuscan II’s units are expected to begin trading Friday, July 12th, under the symbol Nasdaq: THCAU. ...READ MORE
Pivotal Investment Corporation II (PIC.U), announced the pricing of their $200 million SPAC IPO this evening. Pivotal II’s units are expected to begin trading Friday, July 12th, under the symbol NYSE: PIC.U. ...READ MORE
This afternoon, Thunder Bridge Acquisition Corp. (TBRG), announced the approval of their business combination with Repay Holdings. and the results of their shareholder vote.
Unfortunately, all we have so far are the vote counts, but hopefully we will be given additional information on the number of redemptions and the actual redemption price in a forthcoming press release or new filing. ...READ MORE
8i Enterprises Acquisition Corp. (JFK) announced this morning the execution of a share exchange agreement with Diginex Limited, a global blockchain financial services and technology company headquartered in Hong Kong. Upon completion of the transaction, Diginex is anticipated to have an initial enterprise value of approximately $276 million. ...READ MORE
As promised, Carol Anne Huff, from Kirkland & Ellis, is back again with a follow-up post on the recently accelerated approval of the Nasdaq’s proposed rule changes and the potential impact to the SPAC universe. ...READ MORE
This afternoon, Black Ridge Acquisition Corp. (BRAC), released the details of their shareholder vote to approve their new extension deadline from July 10th to August 10th.
Per the 8-K, 9,246,727 shares of the Company’s common stock elected to redeem at a per-share price of $10.29. ...READ MORE
Social Capital Hedosophia Holdings Corp. (IPOA) just radioed Major Tom this morning to tell him he “really made the grade”. If you haven’t heard yet, IPOA announced this morning that they have signed a definitive agreement with Richard Branson’s Virgin Galactic (“VG”), to combine and create the first publicly traded company dedicated to human spaceflight. ...READ MORE