Early this afternoon, Apex Technology Acquisition Corp. filed for a $275 million software/technology focused SPAC, ending the late-summer IPO drought. If you recall, the last SPAC to file for IPO was Silver Spike, which debuted more than three weeks ago on July 22nd. ...READ MORE
Trinity Merger Corp. (TMCX), announced their combination with Broadmark on Monday, and also included in the filed documents was a proposed amendment to the warrant agreement. However, how the way the language was worded was very confusing. ...READ MORE
Legacy Acquisition Corp. (LGC), the $300 million consumer-focused SPAC led by Edwin Rigaud, filed a preliminary proxy this morning with a proposal to extend their deadline from November 21, 2019 to January 21, 2020. ...READ MORE
Boxwood Merger Corp. (BWMC), announced this morning that they have entered into a definitive agreement with Atlas Intermediate Holdings LLC (“Atlas”), a provider of professional testing, inspection, engineering and consulting services. ...READ MORE
UPDATED: ALL UPDATES BELOW ARE NOTED IN BLUE FONT
Trinity Merger Corp. (TMCX), announced this morning that they have entered into a definitive merger agreement with the Broadmark real estate lending companies and management companies (“Broadmark”), to create an internally-managed, mortgage real estate investment trust (“REIT”) with an expected equity value of $1.5 billion. ...READ MORE
Trinity Merger Corp. (TMCX), announced this morning that they have entered into a definitive merger agreement with the Broadmark real estate lending companies and management companies (“Broadmark”), to create an internally-managed, mortgage real estate investment trust (“REIT”) with an expected equity value of $1.5 billion. ...READ MORE
Just when you think things might be starting to quiet down, we get a news release announcing another shakeup in the SPAC landscape. ...READ MORE
It’s Happy Hour somewhere, but for New York, it’s still a little on the early side, so maybe let’s go with a boozy Friday lunch and see what it turns into to. ...READ MORE
Thunder Bridge Acquisition II, Ltd. (THBRU), announced the pricing of their $300 million SPAC IPO this evening. Thunder Bridge II’s units are expected to begin trading Friday, August 9th, under the symbol NASDAQ: THBRU. ...READ MORE
Silver Spike Acquisition Corp. (SSPKU), announced the pricing of their $250 million SPAC IPO this evening. Silver Spike’s units are expected to begin trading Thursday, August 8th, under the symbol NASDAQ: SSPKU. ...READ MORE
As has been previously discussed, SPACs are having a helluva year. 2019 has already seen 37 SPACs price their IPOs raising $8.7 billion in gross proceeds, which is a 35% increase over 2018 during the same time period. ...READ MORE
This morning, Silver Spike Acquisition Corp. (SSPKU), the $250 million cannabis-focused SPAC, filed a new amended S-1. The only material change noted is the duration was adjusted down from 24 months to 18 months. ...READ MORE
This afternoon, Pensare Aquisition Corp. (WRLS), finally released the details of their shareholder vote to approve extending their deadline from August 1, 2019 to December 1, 2019. As expected, it was a nearly complete redemption of the trust account. ...READ MORE
Black Ridge Acquisition Corp. (BRAC), issued a proxy supplement this morning, ahead of its shareholder vote this coming Friday, August 9th. Contained within that supplement were some additional changes to the merger agreement, but the good news is, Black Ridge also announced that “…it may explore effectuating amendments to its outstanding warrants following the closing of the business combination to make them more attractive to holders“. ...READ MORE
Gordon Pointe Acquisition Corp. (GPAQ). announced late last Thursday evening that it had entered into a non-binding Agreement in Principle to merge with an affiliate of HOF Village, LLC (“The Hall of Fame Village”, “HOFV”), a sports, entertainment and media company founded by the Pro Football Hall of Fame. ...READ MORE
DD3 Acquisition Corp. (DDMX), announced this morning that they have entered into a definitive agreement to merge with Betterware de Mexico (“Betterware”), a direct-to-consumer selling company in Mexico, focused on the home solutions and organization segment. ...READ MORE
DD3 Acquisition Corp. (DDMX), announced this morning that they have entered into a definitive agreement to merge with Betterware de Mexico (“Betterware”), a direct-to-consumer selling company in Mexico, focused on the home solutions and organization segment. ...READ MORE
Orisun Acquisition Corp. (ORSNU), announced the pricing of their $40 million SPAC IPO this morning. Orisun’s units are expected to begin trading today, August 2nd, under the symbol NASDAQ: ORSNU. ...READ MORE
Note: Only a press release was provided tonight, but additional presentation materials are noted in the release to be forthcoming (presumably tomorrow). As such, the below is a short excerpt with additional analysis to be provided once the slides are filed. ...READ MORE
Capitol Investment Corp. IV (CIC) and Nesco Holdings I, Inc. (“Nesco”), a provider of specialty rental equipment to the electric utility, telecom and rail end-markets, announced today the closing of their merger. ...READ MORE