Holiday Weekend Links and Reads

If you’re still stuck in the office ahead of the Holiday Weekend, below is a list of interesting links/reads to help pass the time between now and the 4PM closing bell.

TPG Pace Holdings Corp. Announces an LOI

And gets to extend three months to September 30, 2019

TPG Pace Holdings Corp. (TPGH), announced this morning that they had entered into a “non-binding letter of intent” with a private company.

Updates: Proficient Alpha, One Madison, & Memorial Day

Ahead of Memorial Day Weekend….

The Memorial Day weekend slow down has already begun and tomorrow should extremely quiet, if not dead.  However, a few items of note before everyone fires up the grill and starts working on their tans…

Proficient Alpha Acquisition Corp.

Big Rock Partners Acquisition Corp Releases Shareholder Vote Info

This afternoon, Big Rock Partners Acquisition Corp. (BRPA), released the details of their shareholder vote to approve their extension deadline to August 22, 2019, from May 22, 2019.  Big Rock has extended twice now, for $0.10 for each 3-month extension, however, this time around they will be extending for $0.02 per month for the next three months, or an aggregate of $95,604.50 each month.

Fellazo Inc. Files for $50M SPAC IPO

This morning, we had another new SPAC filing with the addition of Fellazo Inc. (FLLCU), a $50 million SPAC IPO focused on health food and supplements in Asia.  Fellazo will be led by Nicholas Ting Lun Wong, who is currently a director of Shanghai Linxin Food and Beverage Management Ltd.

UPDATED: Pivotal Announces Combination with KLDiscovery

**THIS POST HAS BEEN UPDATED (SCROLL TO THE BOTTOM)**

Pivotal Acquisition Corp. (PVT), announced Monday evening that they have entered into a definitive agreement to merge with KLDiscovery (“KLD”). KLD is a global provider of electronic discovery and information governance services to Fortune 500 companies with an enterprise value of approximately $800 million. 

Haymaker Acquisition Corp. II files for a $300M SPAC IPO

Monday night, the Haymaker team filed for their second SPAC with the $300 million Haymaker Acquisition Corp. II (HYACU).  “HYAC II” will be seeking to capitalize on their recent success with the OneSpaWorld deal, by once again focusing on consumer products and services, which plays to their background and strengths. 

Pivotal Announces Combination with KLDiscovery

Pivotal Acquisition Corp. (PVT), announced Monday evening that they have entered into a definitive agreement to merge with KLDiscovery (“KLD”). KLD is a global provider of electronic discovery and information governance services to Fortune 500 companies with an enterprise value of approximately $800 million. 

Gx Acquisition Corp. Prices $250M SPAC

Gx Acquisition Corp. (GXGXU), announced the pricing of their $250 million SPAC IPO this evening and the units are expected to begin trading tomorrow, May 21st, under the symbol Nasdaq: GXGXU.

Pensare Announces Termination of Agreement with TPx

Pensare Acquisition Corp. (WRLS), and U.S TelePacific Holdings Corp. dba TPx Communications (“TPx”), announced this evening that they have agreed to mutually terminate their Business Combination Agreement.

No further information was given, but Pensare did state that they intend to continue to pursue a business combination.

KBLM Files Proxy and Amends Contribution Amount

KBL Merger Corp. IV (KBLM), filed a definitive proxy this morning for their upcoming shareholder vote to extend their termination date another six months.  However, KBLM has further amended the proxy to now reflect a $0.0225 per month contribution for shareholders who do not redeem.

GigCapital (GIG) Announces Contribution to Trust

We all knew this was coming, right?

GigCapital, Inc. (GIG) announced this afternoon that the Sponsor and Founders have agreed to contribute $240,000 to GigCapital’s Trust account for each calendar month that is needed to complete their business combination with Kaleyra. 

One Madison Corp. Gets a New $20M PIPE and Amends Earn-out

One Madison Corp. (OMAD), in anticipation of their upcoming shareholder vote to approve their combination with Ranpak Corporation (“Ranpak”), announced that they have arranged an additional $20 million PIPE and included new earn-out provisions for the Founder Shares held by the Sponsors and the Anchor Investors (affiliates of The Blackstone Group L.P.).

Bison Capital (BCAC) Closes Combination with Xynomic Pharmaceuticals

This morning, Bison Capital Acquisition Corp. (BCAC), announced that it has closed its business combination with Xynomic Pharmaceuticals, Inc. (“Xynomic”). BCAC will be changing its name to Xynomic Pharmaceuticals Holdings, Inc.

AGBA Acquisition Ltd. Prices $40M SPAC

AGBA Acquisition Ltd. (AGBAU), announced the pricing of their $40 million SPAC IPO this morning and the units are expected to begin trading today under the symbol Nasdaq: AGBAU.

AGBA Acquisition Ltd, which will be focusing on businesses in China, will be led by Gordon Lee, as Chief Executive Officer, and Vera Tan, as Chief Financial Officer.

KBLM Releases Information on Their LOI and Changes Extension Terms

KBL Merger Corp. IV (KBLM), released details this morning on their previously announced non-binding term sheet ahead of their June 5th extension vote.  KBLM’s LOI with with CannBioRx Life Sciences Corp.

Churchill Capital Corp. (CCC) Releases Shareholder Vote Info

This afternoon, Churchill Capital Corp. (CCC), released the details of their shareholder vote to approve their merger with Clarivate Analytics, and it’s pretty much what you would expect – a landslide.

Churchill Capital Corp. (CCC) Announces Closing of Combination

This morning, Churchill Capital Corp. (CCC), announced the closing of its merger with Clarivate Analytics. Details of the shareholder vote are yet to be filed, but it is anticipated that Clarivate will begin trading on the NYSE tomorrow, May 14, 2019, under the symbols CCC and CCC WS, for the Share and Warrant, respectively.

GigCapital2, Inc. Files for $130M SPAC IPO

Last night, the GigCapital team filed for their second SPAC with the $130 million GigCapital2, Inc. (GIX.U).  Gig2 will be focusing on the technology, media and telecom sectors and will once again be led by Avi S.

Diamond Eagle Acquisition Corp. Prices $350M SPAC

Diamond Eagle Acquisition Corp. (DEACU), just began trading in a surprise mid-day pricing of their $350 million SPAC IPO.  The units are currently trading under the symbol Nasdaq: DEACU.  However, there is no press release (as of yet).