December SPACs: A Comparison of Terms
For those keeping score, we now have five SPACs on file to IPO in December, so we thought a comparison of terms would help for those doing a little Holiday SPAC shopping. ...READ MORE
Chardan Healthcare Acquisition Corp. Files for $70M SPAC
This morning, Chardan Healthcare Acquisition Corp. (CHACU) filed for a $70 million, Chardan-backed SPAC focusing on Healthcare companies in North America. Chardan Healthcare will be led by senior members of Chardan Capital Markets, a veteran SPAC underwriter. ...READ MORE
Andina Acquisition Corp. III files for $100M SPAC
Friday evening, Andina Acquisition Corp. III, filed for a $100 million SPAC IPO focused on companies in the Americas, which means we now have four SPACs getting ready to IPO in December, bringing our 2018 potential deal count to 47. ...READ MORE
Schultze Special Purpose Acquisition Corp. Files for a $150M SPAC
The SPAC decks were recently cleared with three pricings last week and have immediately been replenished with three new filings. The first was CF Finance, then on Monday we had Monocle for $150 million, and now on Tuesday evening, Schultze Special Purpose Acquisiton Corp (SAMAU), also filed for a $150 million SPAC. ...READ MORE
Monocle Acquisition Corporation Files for a $150M SPAC
Monday evening, Monocle Acquisition Corporation (MNCL), filed for $150 million SPAC IPO. Monocle is being led by Eric Zahler, as President, CEO and Director, and is a co-founder and Managing Director of Sagamore Capital, a private equity firm pursuing investments in the aerospace and defense, industrial electronics and selected business service markets. ...READ MORE
Big Rock Partners (BRPA) Extends Completion Deadline
As expected, Big Rock Partners Acquisition Corp. (BRPA), has extended their completion deadline by three months to February 22, 2019. Big Rock, which IPO’d back on November 20th of 2017, had only twelve months to complete their business combination and given the time crunch, will deposit $690,000 into the trust (or $0.10 per share) as required to qualify for the extension period. ...READ MORE
CF Finance Acquisition Corp. Files for $250M SPAC
CF Finance Acquisition Corp., debuted their SPAC early Friday afternoon with a filing for $250 million and if you haven’t already guessed, the “CF” stands for Cantor Fitzgerald, which is sponsoring this SPAC. ...READ MORE
Friday Happy Hour Update: KBL Merger Gets an Extension and We Have a New SPAC
KBL Merger Corp. IV, just announced they “have entered into several non-binding letters of intent with various entities for an initial business combination.” As a result, the Company gets to extend their completion deadline to March 7, 2019. ...READ MORE
Landcadia Also Releases Incredibly Vague Results of Shareholder Vote
Landcadia Holdings, Inc., announced the results of their shareholder vote this morning and they seem to be taking a page out of the I-AM Capital play book by providing almost no information. ...READ MORE
Boxwood Merger Corp. (BWMCU) Prices $200 Million SPAC IPO
Boxwood Merger Corp. (BWMCU), the $200 million Macquarie-backed SPAC being led by Stephen Kadenacy, announced Thursday evening they have priced their IPO and will trade Friday under the symbol Nasdaq: BWMCU. ...READ MORE
AMCI Acquisition Corp. (AMCIU) Prices $200 Million SPAC IPO
AMCI Acquisition Corp. (AMCI), the natural resources-focused SPAC being led by Hans Mende and William Hunter, announced Thursday evening they have priced their $200 million IPO and will trade Friday under the symbol Nasdaq: AMCIU. ...READ MORE
Fintech Acquisition Corp. III (FTACU) Prices Upsized $300 Million SPAC IPO
Fintech Acquisition Corp. III (FTACU), announced Thursday evening, the pricing of their upsized $300 million SPAC and will begin trading Friday under the symbol Nasdaq: FTACU.
The Fintech team, which has an impressive record with two successful SPACs under their belt, will once again be led by Betsy and Daniel Cohen, as Chairman and CEO, respectively. ...READ MORE
Boxwood Amends Terms. Plus, Three SPACs Expected to Price Tonight
Boxwood Merger Corp. was rumored to be pricing last night and instead, they down-sized their deal and increased their warrant from one-half to a full warrant. Given that we have three deals coming at the same time, the fight for capital is competitive and investors are choosy. ...READ MORE
The SPACInsider Contest Winner T-Shirts & Hats Are Now Available
As previously announced, the winner of the SPACInsider T-shirt contest is SPAC Mafia! We have created t-shirts and hats and the design is now available in multiple colors in the SPACInsider Store. ...READ MORE
I-AM Capital Releases Incredibly Vague Results of Shareholder Vote
I-AM Capital Acquisition Company (IAM) announced the results of their shareholder vote yesterday evening. However, the term “results” should probably be used loosely since there wasn’t a whole lot of information included in it. ...READ MORE
Platinum Eagle (EAGL) Announces Business Combination
Platinum Eagle Acquisition Corp. (EAGL), announced Tuesday evening that they have entered into merger agreements with Target Logistics Management, LLC and RL Signor Holdings, LLC, to create the largest provider of specialty rental accommodations with premium catering and value-add hospitality services in the U.S. Target ...READ MORE
Three SPAC IPOs on Deck to Price
Two SPACs are anticipated to price on Thursday, but there’s a chance we get all three.
It’s looks like we’re going to have a double header this week, since we’re hearing that Fintech III has moved their pricing to Thursday, alongside AMCI, which is already on the calendar for the same day. ...READ MORE
Federal Street To Adjourn Shareholder Vote to Dec. 17th
Federal Street Acquisition Corp. announced late Friday, that they will be adjourning their special meeting of FSAC stockholders, originally scheduled to be held on Wednesday, November 14, 2018. The new meeting date will now be Monday, December 17th. ...READ MORE
AMCI Acquisition Corp. Amends Terms
This morning, AMCI Acquisition Corp. filed an amendment for their $200 million SPAC IPO with a few changes to the terms. Notably, AMCI has changed the number of warrants included in its unit from one-half of one redeemable warrant to one full warrant to purchase one share of Class A common stock. ...READ MORE
Union Acquisition Corporation Announces Combination with Bioceres
Union Acquisition Corporation (LTN), announced this morning that they have entered into a definitive share exchange agreement with Bioceres, a Latin American agricultural biotech company, with an anticipated initial enterprise value of approximately U.S.$456 ...READ MORE