This evening, Far Point announced the pricing of their $550 million, Third Point sponsored SPAC. The unit will begin trading Tuesday morning under the symbol FPAC.U. ...READ MORE
After a banner year in 2017 for SPACs with 34 total deals raising a little over $10 billion, everyone is naturally curious to see if we’ll have a repeat in 2018. ...READ MORE
HL Acquisitions Corp., a SPAC focused on the “hydrocarbon logistics and processing sector” filed for a $42.5 million IPO today. HL Acquisitions is headed by CEO, Jeffrey Schwarz, the co-founder of Metropolitan Capital Advisors, Inc., ...READ MORE
This morning, GS Acquisitions Holdings announced the pricing of their $600 million Goldman Sachs sponsored SPAC. The unit will begin trading this morning under the symbol GSAH.U. ...READ MORE
GS Acquisition Holdings filed their NYSE Certification this morning further indicating it is pricing its SPAC IPO tonight for trading tomorrow – Friday, June 8th. ...READ MORE
Far Point Acquisition Corp, the Third Point LLC sponsored Fintech SPAC, filed an amended S-1 today, upsizing the deal to $500 million. ...READ MORE
Late today, New Frontier Corp. filed for a $200 million IPO focused on healthcare, technology or education sectors in China, which they refer to as the “Chinese new economy sectors”. ...READ MORE
Well that was fast. From initial S-1 filing to marketing took all of 17 days for the $600 million GS Acquisition Holdings Corp. Phenomenal work by the lawyers getting through the SEC comment period faster than you can say, “warrant redemption for shares”. ...READ MORE
Osprey Energy Acquisition Corp., an energy-focused SPAC, announced this morning it has entered into a definitive agreement to acquire the assets of Royal Resources, an entity owned by funds managed by Blackstone Energy Partners and Blackstone Capital Partners. ...READ MORE
Late this afternoon, Twelve Seas Investment Company filed for a $100 million IPO. Twelve Seas is headed by former KKR General Partner, Neil Richardson, and Dmitri Elkin, former General Partner of UFG Private Equity. ...READ MORE
GS Acquisition Holdings filed an amended S-1 yesterday, adding three new Directors to the Board. They are James Albaugh, former President and CEO of Boeing, Roger Fradin, former president and chief executive officer of Honeywell’s Automation and Control Solutions business, and Steven Reinemund, former Chairman, Executive Chairman and CEO of PepsiCo. ...READ MORE
This morning, Trident Acquisitions Corp. announced the pricing of their $175 million Eastern European energy-focused SPAC and the unit began trading late this morning under the symbol TDACU. ...READ MORE
A press release today announced that BTIG has hired Gil Ottensoser, to lead their SPAC Banking and Capital Markets effort, signaling a major push into the Special Purpose Acquisition Company field by BTIG. ...READ MORE
Crescendo Partners’ Eric Rosenfeld, filed for a $130 million IPO late Tuesday, making Allegro Merger Corp., Rosenfeld’s sixth consecutive SPAC. In addition to an obsessive penchant for musical-term branding, the Allegro team and board seem to have a penchant for each other as well, since all have worked together (with the exception of board member Robert Deluce) on one or more of Rosenfeld’s five prior SPACs. ...READ MORE
Before everyone heads out for Memorial Day Weekend (because as we all know, not a whole lot is going to get done tomorrow), a few items of note below on NESR, OMAD and OACQF. ...READ MORE
By now, most people who follow the SPAC product have heard about the Goldman Sachs sponsored, GS Acquisition Holdings Corp. ...READ MORE
Third Point LLC, makes its entry into the Special Purpose Acquisition Company field with Far Point Acquisition Corporation, a $400 million IPO focusing on the Fintech space. ...READ MORE
Late Friday afternoon, GS Acquisition Holdings Corp. filed for a $600 million NYSE SPAC IPO, capping off a busy week that included one SPAC rumor, two IPOs, an acquisition announcement and a liquidation. ...READ MORE
Joint Investor Conference Call Scheduled for Tomorrow, Thursday, at 9:00 am ET
This afternoon, Landcadia, a $250 million SPAC, finally announced it had a definitive merger agreement with Waitr, a restaurant platform for online ordering and on-demand food delivery. ...READ MORE