Megalith Financial Acquisition Corp. (MFAC), ahead of their May 26th shareholder vote to extend their deadline, announced this morning that they have signed a non-binding Letter of Intent to acquire a digital banking platform that, “is among the fastest growing in the country with several million accounts. ...READ MORE
B. Riley Principal Merger Corp. II (BMRG.U), announced the pricing of their $175 million SPAC IPO this evening, downsized from $200 million, and the units are expected to begin trading tomorrow, Wednesday, May 20th, under the symbol NYSE: BMRG.U. ...READ MORE
The ARYA Sciences team dropped their latest SPAC this morning by filing ARYA Sciences Acquisition Corp. II (ARYBU), a $125 million SPAC focused on the healthcare sector. ...READ MORE
Last Thursday, May 14th, Gordon Pointe Acquisition Corp. (GPAQ), held their shareholder vote to extend their completion deadline to June 15th, with an option to further extend to July 15th (if they need it). ...READ MORE
Mountain Crest Acquisition Corp. (MCACU), the latest SPAC to file for IPO, debuted a $50 million deal that has a unit with just one share and one right (1/10), but without any warrants. ...READ MORE
This afternoon, AMCI Acquisition Corp. (AMCI), held their shareholder vote to extend their completion deadline six months, from May 20, 2020 to October 20, 2020. The extension deadline was approved and AMCI will be contributing $0.025 per share per month to the trust, or roughly $373,000 per month
Furthermore, 7,126,888 shares opted to redeem at an estimated per share price of $10.18, resulting in approximately $72.6 million being removed from trust. ...READ MORE
Novus Capital Corp. (NOVSU), announced the pricing of their $100 million SPAC IPO this evening and the units are expected to begin trading, tomorrow, Friday, May 15th, under the symbol NASDAQ: NOVSU. ...READ MORE
Novus Capital Corp. (NOVSU), filed an amended S-1 this morning, further revising the terms of their IPO. In Novus Capital’s initial filing, this was a 1/2 warrant, 24 months deal. ...READ MORE
Jaws Acquisition Corp. (JWS.U), announced the pricing of their upsized $600 million SPAC IPO this afternoon and the units are expected to begin trading tomorrow, Thursday, May 14th, under the symbol NYSE: JWS.U. ...READ MORE
GigCapital3, Inc. (GIK.U), announced the pricing of their $200 million IPO this evening and the units are expected to begin trading tomorrow, Thursday, March 14th, under the symbol NYSE: GIK.U.
GigCapital3 is the third SPAC from the GigCapital team, having previously closed their first combination with Kaleyra, Inc. ...READ MORE
We have yet another “teaser” ahead of an extension vote, folks. Forum Merger II Corp. (FMCI), announced tonight, as part of dropping their extension proxy, that they have signed a letter of intent with “a high-growth, plant-based food company with a broad portfolio of innovative products that are aligned with major food trends and sold through leading retailers and distributors across the United States. ...READ MORE
Nebula Acquisition Corp. (NEBU), filed an 8-K this morning announcing further changes to their business combination agreement with Open Lending LLC. Specifically, Nebula has adjusted the Enterprise Value to $1.08 billion, representing a new multiple of 7.4x 2021E EBITDA, down from an Enterprise Value of $1.3 billion and 12.2x 2021E EBITDA. ...READ MORE
GigCapital3, Inc. (GIK.U), which had previously amended their IPO terms from an original 24 months with a 1/2 warrant, to 18 + 3 months with a 3/4 warrant, has now further revised their deal terms. ...READ MORE
Earlier today, VectoIQ Acquisition Corp. (VTIQ), held their shareholder vote to extend their completion deadline roughly 1.5 months, from May 20, 2020 to July 31, 2020, and to no one’s surprise, this extension was approved. ...READ MORE
Novus Capital Corp. (NOVSU), filed an amended S-1 late this morning revising its terms ahead of an anticipated May 14th pricing. This is in keeping with all of the other recent IPOs that have amended terms, which as you can see below, all but Live Oak (LOAK.U) ...READ MORE
Similar to what Nebula (NEBU) did ahead of their extension vote, AMCI Acquisition Corp. (AMCI) put out a teaser tonight on a potential combination in an effort to peak enough interest with investors that they do not redeem. ...READ MORE
Foley Trasimene Acquisition Corp. (WPF.U), cannonballed into the SPAC pool on Friday night, filing for a super-sized $750 million SPAC IPO. Foley Trasimene ties Trian Acquisition Corp. I, Nelson Peltz’s SPAC for size, which initially filed as a $750 million IPO back in November of 2007, making them both two of the largest initial SPAC IPO filings ever. ...READ MORE
Act II Global Acquisition Corp. (ACTT), announced this morning that it has further revised its transaction with MacAndrews & Forbes Incorporated, to create Whole Earth Brands. Act II, previously revised their transaction in mid-February of this year. ...READ MORE
Jaws Acquisition Corp., the debut SPAC from Barry Sternlicht, which initially filed last Thursday for a $400 million SPAC, has already upsized to $500 million, keeping up with the trend of BIG SPACs looking for BIG game. ...READ MORE
8i Enterprises Acquisition Corp. (JFK) announced this morning that it has amended the Share Exchange Agreement with Diginex Limited, a blockchain financial services and technology company headquartered in Hong Kong.
8i Enterprises is currently scheduled to hold it’s shareholder vote to complete this transaction on June 15, 2020. ...READ MORE