News Alert: Osprey Energy Acquisition Corp. & Blackstone’s Royal Resources Announce Combination

Osprey Energy Acquisition Corp. and Blackstone’s Royal Resources to Form Falcon Minerals Corporation, an Oil-Weighted Minerals Company

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.

New SPAC Filing: Twelve Seas Investment Company Files for $100 Million IPO

Twelve Seas Investment Company: Focused on the Pan-Eurasian Region

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. 

Mid-day News Update: GSAH, LCA, JSYN, BCAC

The Latest News in SPACs

GSAH: GS Acquisition Holdings Corp.

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. 

News Alert: Trident Acquisitions prices $175 million IPO

Eastern European Energy Focused SPAC Trident Acquisitions Corp. Prices $175 Million IPO

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.

BTIG Just Hired a SPAC “Legend”…

Gil Ottensoser to Join BTIG as Head of SPAC Program

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.

Eric Rosenfeld Files for SPAC #6 with Allegro Merger Corp.

Crescendo is Putting the Band Back Together.  Again!

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. 

Updates: NESR, OMAD, OACQF and Next Week

Ahead of Memorial Day Weekend….

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. 

GS Acquisition Holdings’ Warrant Redemption for SHARES

Let’s Talk about the GS Acquisition Holdings Warrant Redemption Feature..

By now, most people who follow the SPAC product have heard about the Goldman Sachs sponsored, GS Acquisition Holdings Corp. 

Third Point LLC Files for $400 Million SPAC

Dan Loeb’s Third Point LLC Debuts New SPAC: Far Point Acquisition Corporation

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. 

Goldman SPACs? A Deep Dive on the GS Acquisition Filing

SPACS….So Hot Right Now…

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.

News Alert: WAITR Serves Itself to Landcadia for $308 Million

Landcadia Holdings, Inc. and Waitr Announce Merger Agreement

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.

Another Day, Another SPAC IPO… $200 Million for VectoIQ

VectoIQ Acquisition Corp. Prices Their $200 Million IPO…With a Few Tweaks to the Terms

On Tuesday evening, VectoIQ announced the pricing of its Nasdaq-listed SPAC, raising $200 million in its initial public offering. 

Trinity Merger Corp. Prices $300 Million IPO

Trinity Merger Corp. Priced Their $300 Million IPO, But Did You Catch the Change to the Terms?

This morning, Trinity Merger Corp. announced the pricing of their $300 million real estate focused SPAC and the unit should begin trading later this morning under the symbol TMCXU. 

News Alert: Stellar Acquisition III Revising Deadline Extension

Stellar Acquisition III Inc. Announces Shortening of Extension Date and an Increase in the Pro Rata portion of the Funds in Trust

No sooner did we post redemption/conversion pro rata per-share trust amounts this morning than Stellar Acquisition III, announces it is revising their Extension Date and terms. 

Electrum Special Acquisition Corporation to Liquidate Trust

Liquidation Alert:  Electrum Special Acquisition Corporation

In an 8-K filed this morning, Electrum Special Acquisition Corporation, a $200 million SPAC IPO, announced its intentions to dissolve and liquidate the trust. 

I-AM Capital Acquisition Company Announces Business Combination

Definitive Agreement with SMAAASH Entertainment

I-AM Capital announced their business combination today with SMAAASH Entertainment Private Limited (“SMAAASH”), a global virtual reality gaming and sports entertainment company, headquartered in Mumbai, India.

Extending Completion Deadlines is a Terrible Trend for SPACs

May is turning into SPAC season for reasons both good and bad

Let’s get the bad news out of the way first

There are currently five SPACs that have set dates for “special meetings” to vote on extending their completion deadlines, with two more due at the end of June that are sure to do the same.

Trinity Merger Corp. Expected To Price Next Week

Trinity Merger Corp. – IPO Expected Week of May 7th.

Mark your calendars because Trinity Merger Corp., a SPAC focused on acquiring a business/operating company with a real estate component, is expected to price late next week. 

New SPAC Filing: Thunder Bridge Acquisition, Ltd.

Gary Simanson Makes an Encore Appearance with Thunder Bridge Acquisition, Ltd.

This is turning into a busy week for SPACs…  Yesterday, May Day in fact, we saw Thunder Bridge Acquisition, Ltd.