Landcadia Holdings II, Inc. Serves Up a New $250M SPAC

Thursday evening, Tillman Fertitta decided he was still hungry and fired up the Waitr app to order a second helping of SPAC pie. Naturally, he asked for only 1/3 the amount of whipped cream. 

MTech Acquisition Corp. Amends Merger Agreement

If only tomorrow wasn’t Saturday…MTech could have filed this on 4/20*…

If you’ve been wondering what’s been going on with MTech, well…we have an answer.  Sort of. Mtech Acquisition Corp. (MTEC) was supposed to hold their shareholder vote to complete their business combination with MJ Freeway, back on March 12th. 

Health Sciences Acquisitions Corp. Files for $100M SPAC IPO

This morning, Health Sciences Acquisitions Corp. (HSACU) filed for a $100 million, RTW Investments-backed SPAC focusing on BioPharma and Med Tech companies in North America and Europe.  For those not familiar with RTW, they are a $1.9 billion investment firm focused on both public and private investments in the health/life sciences sectors. 

Twelve Seas Announces Combination with Brooge Petroleum & Gas

Twelve Seas Investment Company (BROG), announced this morning that they have entered into a business combination agreement to combine with Brooge Petroleum and Gas Investment Company (“BPGIC”), a United Arab Emirates (UAE) company in the oil storage and services business. 

Diamond Eagle is Still a Diamond in the Rough…

Tonight we had a surprise filing from Jeff Sagansky with the debut of his fifth “Eagle” SPAC, Diamond Eagle.  Diamond Eagle is a $350 million IPO, but we don’t really know much more than that just yet (there are a lot of blanks). 

AGBA Acquisition Limited Files for $40M SPAC IPO

This morning, we had another new SPAC filing to add to the SPAC coffers with AGBA Acquisition Limited, a $40 million IPO.  AGBA (whose letters are most likely an acronym of…something, but inevitably, you just wind up calling it “Aggg-Buhh”), will be focusing on businesses in China. 

Part II: NASDAQ’s Proposed Changes May Impact SPACs

So what does this mean for SPACs….

Below is the follow-up to the article that was published last week detailing Nasdaq’s proposed changes to its listing requirements. This time around, we focus on how the proposed changes could potentially impact SPAC combinations going forward should these listing standards become the new norm. 

B. Riley Principal Merger Corp. (BRPM.U) Prices $125 Million SPAC

B. Riley Principal Merger Corp. (BRPM.U), announced the pricing of their $125 million SPAC IPO this morning and the units are expected to begin trading today, April 9th, under the symbol NYSE: BRPM.U.

Leo Holdings Corp. (LHC) to Combine with Chuck E. Cheese

Leo Holdings Corp. (LHC), announced this morning that they have entered into a definitive business combination agreement with CEC Entertainment, Inc. (“CEC”), the owner, operator, and franchisor of the Chuck E.

Capitol Investment Corp. IV (CIC) to Combine with Nesco

Capitol Investment Corp. IV (CIC), announced this morning that they have entered into a definitive agreement to combine with Nesco Holdings I, Inc. (“Nesco”), a provider of specialty rental equipment to the electric utility, telecom and rail end-markets.

Act II Global Acquisition Corp. Files for $250M SPAC IPO

Friday evening saw Act II Global Acquisition Corp. file for a $250 million SPAC IPO and it was the first new SPAC filing in roughly three weeks.  SPACs come in waves, so if the past is any indicator, expect a few more new filings in the next week or two to give Act II a run for their money (literally).

Part I: NASDAQ’s Proposed Changes May Impact SPACs

Things are potentially about to get a whole lot more difficult…

As many of you may or may not know, the SEC published the Nasdaq’s proposed changes to their listing requirements Wednesday and it is most certainly a reaction to the wild price swings of low-float stocks, such as Phunware (PHUN) and Hunter Maritime (HUNT). 

B. Riley Principal Merger Re-files and Amends Terms

B. Riley Principal Merger Corp. (BRPM.U) re-filed their S-1 tonight and amended a few important terms.  Of note, the SPAC life dropped to 18 months from their previously stated 24 months. 

Replay Acquisition Corp. (RPLA.U) Prices $250 Million SPAC

Replay Acquisition Corp. (RPLA.U), announced the pricing of their $250 million SPAC IPO this evening and the units are expected to begin trading tomorrow, April 4th, under the symbol NYSE: RPLA.U.

Replay Acquisition Corp. Pricing Their $250 Million SPAC Tonight

Replay Acquisition Corp. (RPLA.U), is getting set to price their $250 million Brazil/Argentina-focused SPAC tonight, with an 8-a12b filing along with their CERT.  Replay will be the first SPAC out of the gate for Q2, but both B.

“Q2 Kickoff SPACs”: A Comparison of Terms

To kick off the quarter, we have three SPACs currently getting ready to IPO and since SPACs tend to price in groups, another “comparison of terms” seemed warranted.  To state the obvious, we’re going to call these three the “Q2 Kickoff SPACs”.

Tuscan Holdings Corp. Files for $200M SPAC IPO

Another new SPAC filing!  

Wedneday evening, Tuscan Holdings Corp. (THCBU), debuted their $200 million SPAC focused on the cannabis industry and will be led by Stephen Vogel, as Chairman and CEO. 

Hunter Maritime (HUNT) Commences a Tender Offer at $10.215

Hunter Maritime, which is currently in the process of trying to complete their business combination with NCF Wealth Holdings Limited, announced that they have commenced a tender offer to purchase up to 2,173,750 of its Class A common shares at a purchase price of $10.215 per share.  The