Akerna Corp., released additional details this morning regarding their shareholder vote to combine with MTech Acquisition Corp., and surprisingly, there weren’t as many redemptions as anticipated.
Per the press release, 4,452,042 shares of MTech exercised their right to redeem for cash at a price of $10.23841733 per share. ...READ MORE
South Mountain Merger Corp. (SMMCU), announced the pricing of their surprise upsized $225 million SPAC IPO this evening. South Mountain’s units are expected to begin trading tomorrow, June 20th, under the symbol Nasdaq: SMMCU. ...READ MORE
This afternoon, Jensyn Acquisition Corp. (JSYN), announced that they have closed their business combination with Peck Electric Co., a leading commercial solar engineering, procurement and construction (EPC) company. The combined company will be renamed named “The Peck Company Holdings, Inc.” ...READ MORE
This morning, Black Ridge Acquisition Corp. (BRAC), announced (just like we had surmised) that they have rounded up a $5 million backstop from TV Azteca, a Grupo Salinas company and sports television network in Mexico. ...READ MORE
This morning, Pensare Acquisition Corp. (WRLS), released the results of their recent offer to let shareholders redeem in light of the changes to their trust contribution schedule. According to their 8-K, a total of 18,361,687 shares opted to redeem at a per share price of $10.39. ...READ MORE
Carol Anne Huff, from Kirkland & Ellis LLP, is back to give everyone a SPAC update on the latest news coming from the SEC on their ruling regarding NYSE and Nasdaq listing standards. ...READ MORE
South Mountain Merger Corp. (SMMCU), filed their 8-a12b and their CERT today, indicating they are getting ready to price their $200 million fintech-focused SPAC, or more specifically, “…on businesses that will benefit from the rapidly evolving payment ecosystem…”. ...READ MORE
Akerna Corp., née MJ Freeway, née MTech Acquisition Corp., still hasn’t disclosed the number of shares redeemed in their recent combination vote, although we have already inferred that there were probably a significant amount of shares redeemed. ...READ MORE
Black Ridge Acquisition Corp. (BRAC) filed a new preliminary proxy this morning, switching their previously scheduled shareholder vote to complete their combination with Allied Esports, to an extension vote. In fact, BRAC had filed a definitive proxy for their combination vote as recently as last Wednesday, June 12th, with a vote date of June 28th. ...READ MORE
This afternoon, MTech Acquisition Corp. (MTEC), announced that they have closed their business combination with MJ Freeway, LLC, a leading seed-to-sale regulatory compliance technology provider and developer of the cannabis industry’s first enterprise resource planning (ERP) platform. ...READ MORE
We only have two full weeks left in the second quarter and you know what that means….Not only do we have second quarter and first half of 2019 league tables to look forward to, but next week begins the Second Annual SPACInsider Underwriter’s League Tournament! ...READ MORE
Well, this is strange. Right on the heels of what appeared to be a successful SPAC combination announcement for TPG Pace Holdings, Clairvest Equity Partners V (“Clairvest”), a large minority shareholder of Accel Entertainment, announced tonight via press release that they DO NOT consent to the business combination between TPG Pace Holdings and Accel. ...READ MORE
TPG Pace Holdings Corp. (TPGH), announced Thursday morning that they have entered into a definitive business combination agreement with Accel Enterntainment, Inc., a gaming-as-a-service provider. The combined company will retain the Accel Entertainment name and will be a publicly listed company with an anticipated initial enterprise value of approximately $884 million. ...READ MORE
MTech Acquisition Corp. (MTEC), announced today that they have raised an extra $2.2 million as part of their previously announced private placement. ...READ MORE
This evening, The Churchill Team (minus one key member) debuted their second SPAC with Churchill Capital Corp. II, a $400 million IPO. For this go around, Churchill II will have a broad focus and will once again be led by Michael Klein, as Chairman of the Board of Directors. ...READ MORE
Modern Media Acquisition Corp. (MMDM), announced this morning that they are moving the date of their shareholder vote forward two days to June 14th, and are now asking for a three-month extension, not two months. ...READ MORE
Haymaker Acquisition Corp. II (HYACU), announced the pricing of their surprise upsized $350 million SPAC IPO this evening. Haymaker II’s units are expected to begin trading tomorrow, June 7th, under the symbol Nasdaq: HYACU. ...READ MORE
This afternoon, KBL Merger Co. IV (KBLM), released the details of their shareholder vote to approve their extension deadline to September 9, 2019, or December 9, 2019, if the Company has executed a definitive agreement. ...READ MORE
MTech Acquisition Corp. (MTEC), announced today that they have arranged a $7 million PIPE in anticipation of their upcoming shareholder vote to approve their business combination with MJ Freeway LLC. As part of the transaction, 685,599 shares of Class A common stock will be issued in the private placement at $10.21 per share, however, MTech also stated they may issue up to an additional 799,907 shares of Class A Common Stock in subsequent transactions. ...READ MORE
GigCapital2, Inc. (GIX.U), after a few pricing delays and a last minute change in terms, announced this morning that not only have they priced their IPO, but they also managed to upsize a full $20 million to $150.0 million in gross proceeds raised. ...READ MORE