Allegro Merger Corp. Prices $130 million SPAC
Eric Rosenfeld & Co. celebrate the Fourth of July early with SPAC #6
Question: If a SPAC prices during a holiday week and there’s no around to see it, does it make a sound?
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Allegro Merger Corp. Pricing $130 Million IPO Tonight
It’s Day One of the Third Quarter and We Already Have a SPAC Pricing
Allegro Merger Corp., in what is supposed to be a quiet week, just filed their CERT and should be pricing their IPO tonight for trading Tuesday.
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Q2 & H1 2018 SPAC IPO Legal League Tables
Below are the recently released Q2 & H1 2018 SPAC IPO Legal League Tables
Once again, Ellenoff Grossman & Schole ("EGS") dominated the SPAC IPO Legal League for both the second quarter and first half of 2018. EGS was counsel on six assignments in Q2, twice as many as their nearest competitor, Skadden, Arps, Slate, Meagher & Flom LLP ("Skadden"), which had three assignments. Overall, for the first half of 2018, EGS had 11 SPAC assignments with total deal volume of $2.5 billion.
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Q2 & H1 2018 SPAC Underwriting IPO League Tables
Below are the recently released Q2 & H1 2018 SPAC IPO Underwriting League Tables
Credit Suisse led 2018's second quarter based on deal volume, but BofA Merrill Lynch took top honors for SPAC IPOs in the first half of 2018. BofA has been making big moves this year with $1.3 billion in SPAC underwritings to date, whereas in all of 2017 BofA's total was just $460 million (completed in one transaction). And while Credit Suisse has always been at the top of the SPAC IPO pack, BofA's efforts are notable and a bank to watch in the second half of the year.
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Winner of the 2018 SPACInsider Underwriters League Tournament
Congratulations to Credit Suisse!
Credit Suisse is the 2018 SPACInsider Underwriters League Tournament Champion!
As winner, you will be receiving the SPACInsider Underwriters League Champion Award, sponsored by Refresh Creations
This is just a mock-up, since Refresh Creations was awesome enough to get involved at the last minute, but we will be sending the final version to Credit Suisse in the next two weeks once complete.
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FINALS: Underwriters League Tournament Championship Round!
FINALS: GET YOUR VOTES IN!!
After some HEAVY voting last night, Credit Suisse made a comeback and beat B. Riley FBR, 62% to 38%.
It’s still early, but Credit Suisse is currently leading Cantor by 82% to 18%.
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TWO UPSIZES! New Frontier & HL Acquisitions Both Upsize their SPACs
Not only did we get a double order of SPACs tonight, but we got the meal with gravy.
Tonight, both New Frontier Corp. and HL Acquisitions filed to upsize their SPAC IPO offerings to cap off an extremely busy month on a high note.
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HL Acquisitions Corp. Also Pricing IPO Tonight
We Have Another SPAC Double Header Tonight
HL Acquisitions Corp., just filed their CERT, so we have two SPACs now pricing for Thursday trading (the other being New Frontier).
HL Acquisitions is a $42.5 million SPAC focused on the “hydrocarbon logistics and processing sector” and is headed by is headed by CEO, Jeffrey Schwarz, the co-founder of Metropolitan Capital Advisors, Inc.,
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New Frontier Corp. Pricing IPO Tonight
SPACs…the Final Frontier? (For the Quarter at Least)
Apologies for the Star Trek quote, but every time I hear “New Frontier,” its all I can think of…
New Frontier Corp., just filed their CERT, so as widely expected, this SPAC will be pricing their up-sized $230 million IPO tonight for trading Thursday.
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The Final Four: One of the Matches is Tight! Get Your Votes in!
THE FINAL FOUR!
It’s only 10:15AM, but voting has been heavy this morning and the match between Cantor and EarlyBird is tight!
Remember, voting ends at Midnight and the ultimate winner is based on TOTAL number of votes throughout the entire tournament.
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Don’t Forget to Vote: UWs League Tournament – We’re Down to 8!
The Elite Eight Matches
Voting ends at Midnight so there’s still time…Get your votes in to see who makes the Final Four!
Standings:
Bofa 67% vs Credit Suisse 33%
B. Riley FBR 100% vs.
News Alert: Hennessy III Announces Acquisition of NRC Group for $662.5 Million
The Transaction includes a fully-committed equity capital commitment of up to $125 million from Nomura Securities International, Inc.
Hennessy Capital Acquisition Corp. III, Daniel Hennessy’s third SPAC focused on the industrial sector, announced this morning it has entered into a definitive agreement and to acquire NRC Group Holdings, a portfolio company of private equity firm, J.F.
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Dealmaker Chinh Chu Expected to File a New SPAC
Chinh Chu, who lead the 2016 $600 million CF Corporation, looking to file SPAC #2
U.S. News and World Report just released an article stating that Chinh Chu, a former Blackstone Group dealmaker, has partnered with Pinnacle Foods Chairman Roger Deromedi, for a new SPAC focused on the consumer sector.
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Underwriters Tournament Update: We Might Have Some Upsets…
Tournament Update of the SPAC Sixteen Matches
We have a pretty decent match going on between BofA and Chardan. Chardan took the lead this morning, but BofA came back and is now leading 57% to 43%.
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News Alert: Easterly Acquisition Corp Announces Combination with Sirius International Insurance Group
Easterly and Sirius to Combine in an All Stock Transaction for a Pro Forma Market Cap of $2.2 Billion
Easterly Acquisition Corp, a SPAC focused on the financial services sector, announced this morning it has entered into a definitive agreement and plan of merger with Sirius International Insurance Group, Ltd., a
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1st Annual 2018 SPACInsider Underwriters League Tournament is Open!
VOTE FOR YOUR UNDERWRITERS!
In light of the forthcoming second quarter league tables being published next week, SPACInsider has created our first annual Underwriters League Tournament! It’s been an incredibly busy month for SPACs and we wanted to have some fun and inspire a little healthy competition, so we hope you enjoy and participate in each day’s matches.
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News Page is Down
We’re having technical difficulties with the News Page. We’re working to solve the issue and hope to have it back up as soon as possible.
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Origo Acquisition Corp. and High Times Doing a Concurrent Reg A+ Capital Raise?
Either I’ve got a contact high or the NY Post just let out some interesting information.
High times, indeed. According to a NY Post article that was posted late last night, Origo Acquisition Corporation’s target, High Times, began a Reg A+ funding round this week, exactly one week after shareholders approved the new completion extension date of September 12th.
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Allegro Merger Corp. Makes Some Changes to Its SPAC Structure
Allegro Merger Corp. Filed an Amended S-1 this Afternoon with Some Notable Changes.
In addition to bringing on Chardan Capital Markets as a co-manager, Allegro Merger Corp. changed its Rights Terms to reflect holders receiving one-tenth (1/10) of a share versus the originally stated one-twentieth (1/20).
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