CHP Merger Corp. (CHPMU), announced the pricing of their up-sized $275 million SPAC IPO last night and the units are expected to begin trading this morning, Friday, November 22nd, under the symbol Nasdaq: CHPMU. ...READ MORE
PropTech Acquisition Corp. (PTACU), announced the pricing of their $150 million SPAC IPO this evening. PropTech’s units are expected to begin trading, tomorrow, Friday, November 22nd, under the symbol Nasdaq: PTACU. ...READ MORE
Trinity Merger Corp., which recently announced the closing of their business combination with Broadmark Realty Capital Inc. (BRMK), filed additional documents yesterday, via an 8-K. ...READ MORE
Yesterday evening, LIV Capital Acquisition Corp. (LIVKU), filed their $60 million SPAC, which will be focused on companies located primarily in Mexico. This SPAC will be sponsored by LIV Capital Group, a Mexican private equity firm founded in 2006, and will be led by Alexander Rossi, as Chairman and CEO. ...READ MORE
As previously mentioned in the SPACInsider newsletter two week ago, the fourth quarter is an especially tough time for Day-One SPAC IPO share prices, particularly in the months of November and December. ...READ MORE
CONFIRMED – The warrant strike will, in fact, be adjusted down $0.50 per year. Additionally, the reason for the dividend is because new investors who recently purchased BROG shares ahead of their upcoming vote (most likely responsible for the recent volume in the share), indicated they will not redeem if the company announces a $1.00 yearly dividend. ...READ MORE
A quick update on today’s announcement from Brooge Holdings Ltd./Twelve Seas (BROG), that they intend to pay a $0.25 per share quarterly dividend. It’s become standard for more recent SPACs to include anti-dilution provisions for warrant holders in the event of a dividend issuance. ...READ MORE
Brooge Holdings Ltd., the intended acquisition of Twelve Seas Investment Company (BROG), announced this morning that they intend to pay a $0.25 per share quarterly dividend to their public shareholders following the consummation of the business combination, with the first dividend to be paid in the first quarter of 2020. ...READ MORE
Software Acquisition Group Inc. (SAQNU), announced the pricing of their up-sized $130 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, November 20th, under the symbol NASDAQ: SAQNU. ...READ MORE
Amplitude Healthcare Acquisition Corp. (AMHCU), announced the pricing of their $100 million SPAC IPO this evening and the units are expected to begin trading tomorrow, Wednesday, November 20th, under the symbol Nasdaq: AMHCU. ...READ MORE
GreenVision Acquisition Corp. (GRNVU), announced the pricing of their $50 million SPAC IPO this evening. GreenVision’s units are expected to begin trading, tomorrow, Tuesday, November 19th, under the symbol Nasdaq: GRNVU. ...READ MORE
Ahead of GreenVision Acquisition Corp.’s (GRNVU) anticipated IPO pricing tonight, below is a short summary of Monday’s notable evening news.
Early this afternoon, Opes Acquisition Corp. (OPES), released the details of their shareholder vote to approve their extension deadline from November 15, 2019 to December 16, 2019, or January 15, 2020 if they extend an additional 30 days further. ...READ MORE
As most everyone already knows by now, TKK Symphony (TKKS) announced earlier that it would be extending the expiration of it’s tender offer. The tender offer was expected to expire tonight (at one minute past 11:59PM), but will now expire at 5:00 p.m. ...READ MORE
This afternoon, TPG Pace Holdings Corp. (TPGH), filed an 8-K detailing the results of their shareholder vote, which was held earlier today, and shareholders overwhelmingly voted “yes’ to approve TPGH’s business combination with Accel Entertainment. ...READ MORE
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